On Friday, Upwork Inc (NASDAQ: UPWK) opened lower -2.29% from the last session, before settling in for the closing price of $12.65. Price fluctuations for UPWK have ranged from $8.43 to $16.36 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 22.39%. Company’s average yearly earnings per share was noted 79.48% at the time writing. With a float of $118.63 million, this company’s outstanding shares have now reached $137.27 million.
Considering the fact that the conglomerate employs 800 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 82.43%, operating margin of 30.13%, and the pretax margin is 11.53%.
Upwork Inc (UPWK) Breakdown of a Key Holders of the stock
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 10.13%, while institutional ownership is 77.75%. The most recent insider transaction that took place on Oct 18 ’24, was worth 2,297. In this transaction Chief Accounting Officer of this company sold 223 shares at a rate of $10.30, taking the stock ownership to the 10,447 shares. Before that another transaction happened on Sep 18 ’24, when Company’s Director sold 75,000 for $10.54, making the entire transaction worth $790,448. This insider now owns 48,915 shares in total.
Upwork Inc (UPWK) Recent Fiscal highlights
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 0.22 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 79.48% 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 2.14. Likewise, its price to free cash flow for the trailing twelve months is 26.75.
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 1.06 in one year’s time.
Technical Analysis of Upwork Inc (UPWK)
Compared to the last year’s volume of 2.12 million, its volume of 4.67 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 86.50%. Additionally, its Average True Range was 0.53.
During the past 100 days, Upwork Inc’s (UPWK) raw stochastic average was set at 83.63%, which indicates a significant increase from 75.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 99.54% in the past 14 days, which was higher than the 58.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.21, while its 200-day Moving Average is $11.57. Nevertheless, the first resistance level for the watch stands at $12.88 in the near term. At $13.40, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.66. If the price goes on to break the first support level at $12.09, it is likely to go to the next support level at $11.83. Now, if the price goes above the second support level, the third support stands at $11.31.
Upwork Inc (NASDAQ: UPWK) Key Stats
There are currently 133,118K shares outstanding in the company with a market cap of 1.63 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.
