Prepare Yourself for Liftoff: Udemy Inc (UDMY)

With 1.2 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.01 million shares. The 52-week range on UDMY shows that it touched its highest point at $11.65 and its lowest point at $6.67 during that stretch. It currently has a 1-year price target of $10.90. Beta for the stock currently stands at 1.74.

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 UDMY was down-trending over the past week, with a drop of -4.88%, but this was up by 21.46% over a month. Three-month performance surged to 8.52% while six-month performance rose 13.21%. The stock lost -16.48% in the past year, while it has gained 11.42% so far this year. A look at the trailing 12-month EPS for UDMY yields -0.56 with Next year EPS estimates of 0.61. For the next quarter, that number is 0.10. This implies an EPS growth rate of 165.48% for this year and 43.43% for next year. EPS is expected to grow by 52.73% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.45%.

Float and Shares Shorts:

At present, 147.48 million UDMY shares are outstanding with a float of 78.21 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UDMY since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.15704 being high and $0.07852 being low. For UDMY, this leads to a yearly average estimate of $0.11778.