A new trading day began on Friday, with Upwork Inc (NASDAQ: UPWK) stock price up 4.16% from the previous day of trading, before settling in for the closing price of $15.38. UPWK’s price has ranged from $8.43 to $17.79 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 22.39%. Meanwhile, its annual earnings per share averaged 97.09%. With a float of $120.66 million, this company’s outstanding shares have now reached $137.27 million.
Let’s determine the extent of company efficiency that accounts for 800 employees. In terms of profitability, gross margin is 76.73%, operating margin of 30.13%, and the pretax margin is 11.53%.
Upwork Inc (UPWK) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Internet Content & Information Industry. The insider ownership of Upwork Inc is 9.70%, while institutional ownership is 78.01%. The most recent insider transaction that took place on Nov 19 ’24, was worth 24,577. In this transaction Chief Accounting Officer of this company sold 1,649 shares at a rate of $14.90, taking the stock ownership to the 1,294 shares. Before that another transaction happened on Nov 18 ’24, when Company’s Chief Accounting Officer sold 978 for $15.13, making the entire transaction worth $14,796. This insider now owns 2,943 shares in total.
Upwork Inc (UPWK) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.2 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.26 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 97.09% per share during the next fiscal year.
Upwork Inc (NASDAQ: UPWK) Trading Performance Indicators
Here are Upwork Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.93. Likewise, its price to free cash flow for the trailing twelve months is 17.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.62, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.20 in one year’s time.
Technical Analysis of Upwork Inc (UPWK)
Looking closely at Upwork Inc (NASDAQ: UPWK), its last 5-days average volume was 2.17 million, which is a drop from its year-to-date volume of 2.18 million. As of the previous 9 days, the stock’s Stochastic %D was 47.48%. Additionally, its Average True Range was 0.66.
During the past 100 days, Upwork Inc’s (UPWK) raw stochastic average was set at 81.10%, which indicates a significant increase from 56.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.77% in the past 14 days, which was lower than the 62.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.29, while its 200-day Moving Average is $11.61. However, in the short run, Upwork Inc’s stock first resistance to watch stands at $16.34. Second resistance stands at $16.67. The third major resistance level sits at $17.07. If the price goes on to break the first support level at $15.61, it is likely to go to the next support level at $15.21. Should the price break the second support level, the third support level stands at $14.88.
Upwork Inc (NASDAQ: UPWK) Key Stats
With a market capitalization of 2.23 billion, the company has a total of 133,667K Shares Outstanding. Currently, annual sales are 689,140 K while annual income is 46,890 K. The company’s previous quarter sales were 193,780 K while its latest quarter income was 27,760 K.
