In recent trading session, Upwork Inc. (NASDAQ:UPWK) saw 1,435,654 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $15.19 trading at -$0.63 or -3.98% at recent trade assigns it a market valuation of $1.84 Billion. That current trading price of UPWK’s stock is at a discount of -15.8% from its 52-week high price of $17.59 and is indicating a premium of 66.16% from its 52-week low price of $5.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.9 Million shares which gives us an average trading volume of 2.72 Million if we extend that period to 3-months.
Upwork Inc. (NASDAQ:UPWK) trade information
In the face of being in the red today for losing -3.98%, in the last five days UPWK remained trading in the green while hitting it’s week-highest on Wednesday, Sep 23 when the stock touched $16.45- price level, adding 7.75% to its value on the day. Upwork Inc.’s shares saw a change of 42.27% in year-to-date performance and have moved -0.49% in past 5-day. Upwork Inc. (NASDAQ:UPWK) showed a performance of 7.09% in past 30-days. Number of shares sold short was 4.3 Million shares which calculate 1.58 days to cover the short interests.
Upwork Inc. (UPWK) estimates and forecasts
Statistics highlight that Upwork Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +147.96% of value to its shares in past 6 months, showing an annual growth rate of 140% while that of industry is 8.6. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -166.7% in the current quarter and calculating -40% decline in the next quarter. This year revenue growth is estimated to rise 17.7% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $90.44 Million for the same. And 6 analysts are in estimates of company making revenue of $92.66 Million in the next quarter that will end in December 01, 2020. Company posted $78.79 Million and $80.29 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 14.8% while estimating it to be 15.4% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 18.9% while estimates for its earnings growth in next 5 years are of -0.04%
Upwork Inc. (NASDAQ:UPWK)’s Major holders
Insiders are in possession of 9.09% of company’s total shares while institution are holding 74.29% percent of that, with stock having share float percentage of 81.72%. Investors also watch the number of corporate investors in a company very closely, which is 200 institutions for Upwork Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at UPWK for having 7.19 Million shares of worth $103.82 Million. And as of June 29, 2020, it was holding 5.98% of the company’s outstanding shares.
The second largest institutional holder is Goldfarb Andrew P, which was holding about 7.05 Million shares on June 29, 2020. The number of shares represents firm’s hold over 5.87% of outstanding shares, having a total worth of $101.87 Million.
On the other hand, Smallcap World Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 6345736 shares of worth $91.63 Million or 5.28% of the total outstanding shares. The later fund manager was in possession of 2.26 Million shares on June 29, 2020, making its stake of worth around $32.57 Million in the company or a holder of 1.88% of company’s stock.