Udemy Inc [NASDAQ: UDMY] closed the trading session at $7.52.
The stocks have a year to date performance of -48.95 percent and weekly performance of -11.74 percent. The stock has been moved at -44.67 percent over the last six months. The stock has performed -12.35 percent around the most recent 30 days and changed -25.25 percent over the most recent 3-months.
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If compared to the average trading volume of 926.57K shares, UDMY reached to a volume of 4915517 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 Udemy Inc [UDMY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UDMY shares is $12.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UDMY stock is a recommendation set at 1.82. 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.
BofA Securities have made an estimate for Udemy Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on Aug-02-24. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on October 19, 2023, representing the official price target for Udemy Inc stock. Previously, the target price had yet another drop from $13 to $11, while Piper Sandler kept a Neutral rating on UDMY stock.
The Average True Range (ATR) for Udemy Inc is set at 0.49, with the Price to Sales ratio for UDMY stock in the period of the last 12 months amounting to 1.54. The Price to Book ratio for the last quarter was 3.90, with the Price to Cash per share for the same quarter was set at 2.83. Price to Free Cash Flow for UDMY in the course of the last twelve months was 30.19 with Quick ratio for the last quarter at 1.37.
UDMY stock trade performance evaluation
Udemy Inc [UDMY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.74. With this latest performance, UDMY shares dropped by -12.35% in over the last four-week period, additionally sinking by -44.67% over the last 6 months – not to mention a drop of -35.67% 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 UDMY stock in for the last two-week period is set at 34.80, with the RSI for the last a single of trading hit 30.03, and the three-weeks RSI is set at 37.18 for Udemy Inc [UDMY]. The present Moving Average for the last 50 days of trading for this stock 8.58, while it was recorded at 8.76 for the last single week of trading, and 11.20 for the last 200 days.
Udemy Inc [UDMY]: An insightful look at the core fundamentals
Udemy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.37 and a Current Ratio set at 1.37.
Udemy Inc [UDMY]: Institutional Ownership
The top three institutional holders of UDMY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in UDMY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in UDMY stock with ownership which is approximately 5.1238%.
