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Tuesday, December 5, 2023

Upwork Inc (NASDAQ: UPWK): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Upwork Inc (UPWK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $2.425, or 20.17%, to $14.45. The Upwork Inc has recorded 429,695 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Upwork Reports Third Quarter 2023 Financial Results.

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Stocks Info

UPWK belongs to the Industrials sector of the NASDAQ while operating in the Staffing & Employment Services industry. At the end of the last regular session, the stock closed at $12.02 and fluctuated between $12.11 as its day high and $11.35 as its day low. The current market capitalization of Upwork Inc is $1.62B. A total of 3.9 million shares were traded on the day, compared to an average of 1.93M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, UPWK has seen 10 BUY and 6 SELL insider trades, representing the acquisition of 104,313 and the disposition of 68,792 shares. Over the last 12 months, there were 69 BUYs and 25 SELLs from insiders. Insiders purchased 667,685 shares during that period but sold 255,480.

In the most recent transaction, Marie Olivier sold 216 shares of UPWK for 11.22 per share on Oct 18. After the transaction, the Chief Accounting Officer now owns 5,361 company shares. In a previous transaction on Sep 18, Brown Hayden sold 28,457 shares at 12.73 per share. UPWK shares that President & CEO owns now total 1,058,875.

Among the insiders who sold shares, Marie Olivier disposed of 962 shares on Sep 18 at a per-share price of $12.73. This resulted in the Chief Accounting Officer holding 4,986 shares of UPWK after the transaction. In another insider transaction, Marie Olivier sold 5,835 shares at $15.20 per share on Aug 31. Company shares held by the Chief Accounting Officer now total 3,313.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for UPWK in the last 3 months, the mean price target is $14.40 with high estimates of $18.00 and low estimates of $11.00. In terms of 52-week highs and lows, UPWK has a high of $15.88 and a low of $6.56.

As of this writing, UPWK has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.12 per share and a lower estimate of $0.09. The company reported an EPS of -$0.01 in the last quarter, which was 85.70% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.00.

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