A look into Upwork Inc (UPWK)’s deeper side

With 2.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.18 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $12.54 whereas the lowest price it dropped to was $12.215. The 52-week range on UPWK shows that it touched its highest point at $16.36 and its lowest point at $7.54 during that stretch. It currently has a 1-year price target of $18.89. Beta for the stock currently stands at 1.60.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UPWK was up-trending over the past week, with a rise of 2.94%, but this was up by 10.34% over a month. Three-month performance dropped to -19.49% while six-month performance fell -10.50%. The stock gained 52.42% in the past year, while it has lost -17.48% so far this year. A look at the trailing 12-month EPS for UPWK yields 0.34 with Next year EPS estimates of 1.10. For the next quarter, that number is 0.22. This implies an EPS growth rate of 76.44% for this year and 19.89% for next year.

Float and Shares Shorts:

At present, 137.27 million UPWK shares are outstanding with a float of 119.88 million shares on hand for trading. On 2024-04-30, short shares totaled 14.5 million, which was 1094.0 higher than short shares on 1711584000. In addition to Ms. Hayden Brown as the firm’s President, CEO & Director, Ms. Erica Gessert serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.78073996 of UPWK’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, UPWK reported revenue of $190937000.0 and operating income of $13049000.0. The EBITDA in the recently reported quarter was $17042000.0 and diluted EPS was $0.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UPWK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.