On Tuesday, Upwork Inc (NASDAQ: UPWK) opened lower -3.53% from the last session, before settling in for the closing price of $9.64. Price fluctuations for UPWK have ranged from $8.43 to $16.36 over the past 52 weeks.
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A company in the Communication Services sector has jumped its sales by 22.39% annually for the last half of the decade. Company’s average yearly earnings per share was noted 80.61% at the time writing. With a float of $118.69 million, this company’s outstanding shares have now reached $137.27 million.
In an organization with 800 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 76.18%, operating margin of 6.82%, and the pretax margin is 10.25%.
Upwork Inc (UPWK) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Upwork Inc is 10.09%, while institutional ownership is 77.71%. The most recent insider transaction that took place on Aug 27 ’24, was worth 57,062. In this transaction GM VP II, Marketplace of this company sold 5,818 shares at a rate of $9.81, taking the stock ownership to the 5,818 shares. Before that another transaction happened on Aug 27 ’24, when Company’s Officer proposed sale 5,818 for $9.77, making the entire transaction worth $56,842.
Upwork Inc (UPWK) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.21 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.1) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 80.61% per share during the next fiscal year.
Upwork Inc (NASDAQ: UPWK) Trading Performance Indicators
Check out the current performance indicators for Upwork Inc (UPWK). In the past quarter, the stock posted a quick ratio of 3.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.65. Likewise, its price to free cash flow for the trailing twelve months is 20.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.54, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 1.08 in one year’s time.
Technical Analysis of Upwork Inc (UPWK)
Let’s dig in a bit further. During the last 5-days, its volume was 1.94 million. That was inferior than the volume of 2.15 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 31.80%. Additionally, its Average True Range was 0.48.
During the past 100 days, Upwork Inc’s (UPWK) raw stochastic average was set at 17.95%, which indicates a significant increase from 6.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.03% in the past 14 days, which was higher than the 43.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.58, while its 200-day Moving Average is $12.34. However, in the short run, Upwork Inc’s stock first resistance to watch stands at $9.51. Second resistance stands at $9.73. The third major resistance level sits at $9.85. If the price goes on to break the first support level at $9.18, it is likely to go to the next support level at $9.06. The third support level lies at $8.85 if the price breaches the second support level.
Upwork Inc (NASDAQ: UPWK) Key Stats
There are currently 133,118K shares outstanding in the company with a market cap of 1.23 billion. Presently, the company’s annual sales total 689,140 K according to its annual income of 46,890 K. Last quarter, the company’s sales amounted to 193,130 K and its income totaled 22,220 K.
