9.4 C
New York
Sunday, December 3, 2023

Is Udemy Inc (NASDAQ: UDMY) No Longer A Good Investment?

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 Udemy Inc (UDMY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.23%, to $13.23. The Udemy Inc has recorded 8,645 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Udemy Reports Third Quarter 2023 Results and Raises Full-Year Outlook.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Stocks Info

UDMY belongs to the Consumer Defensive sector of the NASDAQ while operating in the Education & Training Services industry. At the end of the last regular session, the stock closed at $13.20 and fluctuated between $13.30 as its day high and $12.81 as its day low. The current market capitalization of Udemy Inc is $2.02B. A total of 0.99 million shares were traded on the day, compared to an average of 588.88K 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, UDMY has seen 1 BUY and 16 SELL insider trades, representing the acquisition of 550,000 and the disposition of 160,585 shares. Over the last 12 months, there were 25 BUYs and 66 SELLs from insiders. Insiders purchased 2,398,810 shares during that period but sold 1,202,148.

In the most recent transaction, Bali Eren sold 15,000 shares of UDMY for 11.89 per share on Nov 06. After the transaction, the Director now owns 1,725,238 company shares. In a previous transaction on Nov 03, Venugopal Venu sold 28,208 shares at 12.00 per share. UDMY shares that Chief Technology Officer owns now total 377,462.

Among the insiders who sold shares, Bali Eren disposed of 15,000 shares on Oct 02 at a per-share price of $9.45. This resulted in the Director holding 1,740,238 shares of UDMY after the transaction. In another insider transaction, Brown Gregory Scott sold 7,838 shares at $9.95 per share on Sep 15. Company shares held by the President and CEO now total 1,090,411.

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 UDMY in the last 3 months, the mean price target is $14.55 with high estimates of $22.00 and low estimates of $10.00. In terms of 52-week highs and lows, UDMY has a high of $16.39 and a low of $8.17.

As of this writing, UDMY has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.01 per share and a lower estimate of -$0.05. 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. UDMY’s latest balance sheet shows that the firm has $533.87M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $2.27, while its Total Shareholder’s Equity was $392.20M.

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 UDMY is Buy with a score of 4.25.

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles