Upwork Inc (UPWK) concluded trading on Thursday at a closing price of $16.25, with 9.73 million shares of worth about $158.1 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.30% during that period and on November 07, 2024 the price saw a gain of about 11.45%. Currently the company’s common shares owned by public are about 137.27M shares, out of which, 118.63M shares are available for trading.
Stock saw a price change of 19.84% in past 5 days and over the past one month there was a price change of 56.55%. Year-to-date (YTD), UPWK shares are showing a performance of 9.28% which increased to 35.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.43 but also hit the highest price of $16.36 during that period. The average intraday trading volume for Upwork Inc shares is 2.44 million. The stock is currently trading 32.08% above its 20-day simple moving average (SMA20), while that difference is up 47.79% for SMA50 and it goes to 40.83% higher than SMA200.
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Upwork Inc (NASDAQ: UPWK) currently have 137.27M outstanding shares and institutions hold larger chunk of about 77.56% of that.
The stock has a current market capitalization of $2.15B and its 3Y-monthly beta is at 1.53. PE ratio of stock for trailing 12 months is 26.08, while it has posted earnings per share of $0.62 in the same period. It has Quick Ratio of 3.18 while making debt-to-equity ratio of 0.90. 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 5.72% while standing at 4.42% over the month.
Stock’s fiscal year EPS is expected to rise by 95.22% while it is estimated to increase by 15.73% 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.
