Upwork Inc (UPWK) concluded trading on Thursday at a closing price of $9.37, with 10.12 million shares of worth about $94.78 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -32.64% during that period and on August 08, 2024 the price saw a loss of about -10.42%. Currently the company’s common shares owned by public are about 137.27M shares, out of which, 119.25M shares are available for trading.
Stock saw a price change of -15.66% in past 5 days and over the past one month there was a price change of -13.08%. Year-to-date (YTD), UPWK shares are showing a performance of -36.99% which decreased to -34.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.56 but also hit the highest price of $16.36 during that period. The average intraday trading volume for Upwork Inc shares is 1.91 million. The stock is currently trading -17.52% below its 20-day simple moving average (SMA20), while that difference is down -14.30% for SMA50 and it goes to -25.18% lower than SMA200.
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Upwork Inc (NASDAQ: UPWK) currently have 137.27M outstanding shares and institutions hold larger chunk of about 75.46% of that.
The stock has a current market capitalization of $1.24B and its 3Y-monthly beta is at 1.57. PE ratio of stock for trailing 12 months is 17.42, while it has posted earnings per share of $0.54 in the same period. It has Quick Ratio of 3.00 while making debt-to-equity ratio of 1.01. 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 8.78% while standing at 5.09% over the month.
Stock’s fiscal year EPS is expected to rise by 79.99% while it is estimated to increase by 12.29% 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 UBS on July 02, 2024 offering a Neutral rating for the stock and assigned a target price range of between $18 and $12 to it. Coverage by BTIG Research stated Upwork Inc (UPWK) stock as a Buy in their note to investors on May 02, 2024, suggesting a price target of $16 for the stock. On January 08, 2024, Jefferies Upgrade their recommendations, while on October 04, 2023, UBS Initiated their ratings for the stock with a price target of $13. Stock get a Neutral rating from BTIG Research on August 28, 2023.
