Upwork Inc (UPWK) concluded trading on Wednesday at a closing price of $11.96, with 3.53 million shares of worth about $42.18 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.12% during that period and on May 01, 2024 the price saw a gain of about 2.22%. Currently the company’s common shares owned by public are about 137.27M shares, out of which, 117.77M shares are available for trading.
Stock saw a price change of 5.28% in past 5 days and over the past one month there was a price change of -1.40%. Year-to-date (YTD), UPWK shares are showing a performance of -19.57% which increased to 25.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.56 but also hit the highest price of $16.36 during that period. The average intraday trading volume for Upwork Inc shares is 2.04 million. The stock is currently trading 3.33% above its 20-day simple moving average (SMA20), while that difference is down -2.17% for SMA50 and it goes to -7.76% lower than SMA200.
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Upwork Inc (NASDAQ: UPWK) currently have 137.27M outstanding shares and institutions hold larger chunk of about 82.68% of that.
The stock has a current market capitalization of $1.59B and its 3Y-monthly beta is at 1.66. PE ratio of stock for trailing 12 months is 214.34, while it has posted earnings per share of $0.06 in the same period. It has Quick Ratio of 3.01 while making debt-to-equity ratio of 0.97. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UPWK, volatility over the week remained 2.53% while standing at 2.87% over the month.
Analysts are in expectations that Upwork Inc (UPWK) stock would likely to be making an EPS of $0.19 in the current quarter, while forecast for next quarter EPS is $0.2 and it is $0.96 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.17 which is $0.2 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 60.16% while it is estimated to increase by 23.67% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on January 08, 2024 offering a Buy rating for the stock and assigned a target price range of between $13 and $20 to it. Coverage by UBS stated Upwork Inc (UPWK) stock as a Neutral in their note to investors on October 04, 2023, suggesting a price target of $13 for the stock. On August 28, 2023, BTIG Research Downgrade their recommendations, while on June 30, 2023, BTIG Research Reiterated their ratings for the stock with a price target of $13. Stock get a Neutral rating from BofA Securities on May 04, 2023.
