Upwork Inc. [NASDAQ: UPWK] price plunged by -0.52 percent to reach at -$0.1. The company report on October 27, 2020 that Upwork Launches Project Catalog™, A New Way for Businesses and Independent Talent to Instantly Work Together.
New Upwork product experience connects businesses and talent on fixed-price, pre-scoped projects.
Upwork (NASDAQ: UPWK), the world’s largest work marketplace, today released in beta Project Catalog™, a curated collection of pre-scoped projects easily purchased via an e-commerce click and buy experience. Project Catalog is a new way for businesses and independent talent to work together instantly on the Upwork marketplace and is part of an ongoing expansion and evolution of the Upwork experience.
A sum of 1973517 shares traded at recent session while its average daily volume was at 2.29M shares. Upwork Inc. shares reached a high of $19.25 and dropped to a low of $18.20 until finishing in the latest session at $19.10.
The one-year UPWK stock forecast points to a potential downside of -2.08. The average equity rating for UPWK stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Upwork Inc. [UPWK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UPWK shares is $18.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UPWK stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
MKM Partners have made an estimate for Upwork Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 27, 2020. While these analysts kept the previous recommendation, Guggenheim dropped their target price from $25 to $11. The new note on the price target was released on January 24, 2020, representing the official price target for Upwork Inc. stock. Previously, the target price had yet another drop from $23 to $12, while Citigroup kept a Neutral rating on UPWK stock.
The Average True Range (ATR) for Upwork Inc. is set at 0.87, with the Price to Sales ratio for UPWK stock in the period of the last 12 months amounting to 7.08. The Price to Book ratio for the last quarter was 8.23, with the Price to Cash per share for the same quarter was set at 1.20. Price to Free Cash Flow for UPWK in the course of the last twelve months was 87.29 with Quick ratio for the last quarter at 1.70.
UPWK Stock Performance Analysis:
Upwork Inc. [UPWK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.29. With this latest performance, UPWK shares gained by 11.50% in over the last four-week period, additionally plugging by 129.29% over the last 6 months – not to mention a rise of 30.29% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UPWK stock in for the last two-week period is set at 52.97, with the RSI for the last a single of trading hit 45.58, and the three-weeks RSI is set at 56.85 for Upwork Inc. [UPWK]. The present Moving Average for the last 50 days of trading for this stock 17.05, while it was recorded at 19.39 for the last single week of trading, and 12.28 for the last 200 days.
Insight into Upwork Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Upwork Inc. [UPWK] shares currently have an operating margin of -6.00 and a Gross Margin at +69.78. Upwork Inc.’s Net Margin is presently recorded at -5.54.
Return on Total Capital for UPWK is now -6.33, given the latest momentum, and Return on Invested Capital for the company is -6.02. Return on Equity for this stock declined to -6.62, with Return on Assets sitting at -3.98. When it comes to the capital structure of this company, Upwork Inc. [UPWK] has a Total Debt to Total Equity ratio set at 16.45. Additionally, UPWK Total Debt to Total Capital is recorded at 14.13, with Total Debt to Total Assets ending up at 9.56. Long-Term Debt to Equity for the company is recorded at 12.29, with the Long-Term Debt to Total Capital now at 10.55.
Reflecting on the efficiency of the workforce at the company, Upwork Inc. [UPWK] managed to generate an average of -$29,226 per employee. Receivables Turnover for the company is 11.46 with a Total Asset Turnover recorded at a value of 0.72.Upwork Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.
UPWK Stock EPS
With the latest financial reports released by the company, Upwork Inc. posted -0.03/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UPWK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Upwork Inc. go to -0.04%.
Upwork Inc. [UPWK] Insider Position Details
There are presently around $1,400 million, or 76.80% of UPWK stock, in the hands of institutional investors. The top three institutional holders of UPWK stocks are: VANGUARD GROUP INC with ownership of 7,189,767, which is approximately 3.632% of the company’s market cap and around 1.50% of the total institutional ownership; GOLDFARB ANDREW P, holding 7,054,605 shares of the stock with an approximate value of $134.74 million in UPWK stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $121.2 million in UPWK stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Upwork Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 110 institutional holders increased their position in Upwork Inc. [NASDAQ:UPWK] by around 21,641,307 shares. Additionally, 70 investors decreased positions by around 12,495,421 shares, while 16 investors held positions by with 39,152,742 shares. The mentioned changes placed institutional holdings at 73,289,470 shares, according to the latest SEC report filing. UPWK stock had 57 new institutional investments in for a total of 12,265,095 shares, while 29 institutional investors sold positions of 2,652,966 shares during the same period.