Upwork Inc [NASDAQ: UPWK] closed the trading session at $11.96.
The stocks have a year to date performance of -19.57 percent and weekly performance of 5.28 percent. The stock has been moved at 16.12 percent over the last six months. The stock has performed -1.40 percent around the most recent 30 days and changed -12.76 percent over the most recent 3-months.
If compared to the average trading volume of 2.04M shares, UPWK reached to a volume of 3526410 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $19.38 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 1.44. 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.
Jefferies have made an estimate for Upwork Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 08, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on October 04, 2023, representing the official price target for Upwork Inc stock. On June 30, 2023, analysts decreased their price target for UPWK shares from 15 to 13.
The Average True Range (ATR) for Upwork Inc is set at 0.37, with the Price to Sales ratio for UPWK stock in the period of the last 12 months amounting to 2.30. The Price to Book ratio for the last quarter was 4.31, with the Price to Cash per share for the same quarter was set at 4.18. Price to Free Cash Flow for UPWK in the course of the last twelve months was 114.32 with Quick ratio for the last quarter at 3.01.
UPWK stock trade performance evaluation
Upwork Inc [UPWK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.28. With this latest performance, UPWK shares dropped by -1.40% in over the last four-week period, additionally plugging by 16.12% over the last 6 months – not to mention a rise of 25.24% 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 54.17, with the RSI for the last a single of trading hit 63.24, and the three-weeks RSI is set at 49.29 for Upwork Inc [UPWK]. The present Moving Average for the last 50 days of trading for this stock 12.21, while it was recorded at 11.63 for the last single week of trading, and 12.97 for the last 200 days.
Upwork Inc [UPWK]: An insightful look at the core fundamentals
Upwork Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.01 and a Current Ratio set at 3.01.
Upwork Inc [UPWK]: Institutional Ownership
The top three institutional holders of UPWK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in UPWK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in UPWK stock with ownership which is approximately 5.8386%.
