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Wednesday, March 22, 2023

There Is A Quest For Clarity Surrounding Upwork Inc. (NASDAQ: UPWK) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Upwork Inc. (UPWK) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $12.21. The Upwork Inc. has recorded 32,767 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Upwork to Participate in Upcoming Investor Conferences.

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Stocks Info

This NASDAQ-listed company operates within the Staffing & Employment Services industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $12.21 and fluctuated between $12.27 as its day high and $11.82 as its day low. The current market capitalization of Upwork Inc. is $1.56B. A total of 0.89 million shares were traded on the day, compared to an average of 1.34M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, UPWK has seen 5 BUY and 4 SELL insider trades, representing the acquisition of 64,116 and the disposition of 32,866 shares. Over the last 12 months, there were 66 BUYs and 26 SELLs from insiders. Insiders purchased 610,107 shares during that period but sold 274,226.

In the most recent transaction, Brown Hayden sold 20,934 shares of UPWK for 11.47 per share on Feb 21. After the transaction, the President & CEO now owns 936,553 company shares. In a previous transaction on Feb 21, Gilpin Eric sold 11,331 shares at 11.47 per share. UPWK shares that Chief Sales Officer owns now total 51,188.

Among the insiders who sold shares, Marie Olivier disposed of 1,137 shares on Feb 21 at a per-share price of $11.47. This resulted in the Chief Accounting Officer holding 11,983 shares of UPWK after the transaction. In another insider transaction, Marie Olivier sold 253 shares at $12.60 per share on Jan 18. Company shares held by the Chief Accounting Officer now total 10,232.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for UPWK in the last 3 months, the mean price target is $17.91 with high estimates of $28.00 and low estimates of $13.00. In terms of 52-week highs and lows, UPWK has a high of $25.11 and a low of $9.79.

As of this writing, UPWK has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.04 in the last quarter, which was 50.00% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UPWK is Hold with a score of 4.30. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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