23.6 C
Munich
Monday, September 21, 2020

Is Now the Time to Invest in Upwork Inc. (NASDAQ:UPWK)?

Must read

The Unprecedented Rise of Revolution Medicines Inc. (NASDAQ:RVMD)

Revolution Medicines Inc. (RVMD) shares are trading at lower $30.94 and the avg recommendation for the stock is Strong Buy. while the current analyst...

Vir Biotechnology Inc. (NASDAQ:VIR) is Holding Steady

Vir Biotechnology Inc. (VIR) shares are trading at higher $32.72 and the avg recommendation for the stock is Moderate Buy. while the current analyst...

The Forecast Just Changed on Molson Coors Beverage Company (NYSE:TAP)

Molson Coors Beverage Company (TAP) shares are trading at lower $34.31 and the avg recommendation for the stock is Moderate Buy. while the current...

Essential Properties Realty Trust Inc. (NYSE:EPRT) Recent Earnings Shows Major Concern

Essential Properties Realty Trust Inc. (EPRT) shares are trading at lower $19.51 and the avg recommendation for the stock is Moderate Buy. while the...

The Upwork Inc. (UPWK) shares are trading at lower $13.40 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $13.50.

To add more color to this target, the company’s high over the last year is $17.75 and the low is $5.14. Over the last 52 weeks, UPWK is down -24.51% while the S&P 500 is down -0.64%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, UPWK reported a profit of $59.71 million. Upwork Inc. also saw revenues increase to $83.2 million. In addition, UPWK has free cash flow of -$2.99 million as of 03-2020. The company’s EBITDA came in at -$5.93 million which compares well with its peers.

UPWK booked profit margins of -7.00%, its Return on Equity (ROE) is -8.50%, and its Return on Assets is -4.90%. All told, it is clear that, UPWK needs to be on your watchlist.

Find out when UPWK reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. UPWK has a short ratio of 1.72 and outstanding shares of 114.12M.

Company Outlook

UPWK has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.68 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.20. Upwork Inc. UPWK also noted assets of $482.07 million at the end of the last quarter. Investors should also keep an eye on sector updates as UPWK has historically followed its peers on positive news.

All told, Upwork Inc. UPWK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, UPWK represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Upwork Inc. UPWK is now commanding a market cap of 1.58B and a float of 103.80M. UPWK is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of UPWK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in UPWK, either long or short, and we have not been compensated for this article.

Latest article

Athersys Inc. (NASDAQ:ATHX) on the Path to Profitability

Athersys Inc. (ATHX) shares are trading at higher $2.18 and the avg recommendation for the stock is Strong Buy. To add more color to...

Is Now the Time to Invest in Wheaton Precious Metals Corp. (NYSE:WPM)?

Wheaton Precious Metals Corp. (WPM) shares are trading at lower $51.19 and the avg recommendation for the stock is Moderate Buy. while the current...

Schrodinger Inc. (NASDAQ:SDGR) Stock is Soaring, Here is Why

Schrodinger Inc. (SDGR) shares are trading at higher $56.05 and the avg recommendation for the stock is Moderate Buy. while the current analyst price...

NXP Semiconductors N.V. (NASDAQ:NXPI) is Holding Steady

NXP Semiconductors N.V. (NXPI) shares are trading at lower $126.09 and the avg recommendation for the stock is Moderate Buy. while the current analyst...

Investor Confidence is Falling for Select Energy Services Inc. (NYSE:WTTR)

Select Energy Services Inc. (WTTR) shares are trading at lower $4.96 and the avg recommendation for the stock is Moderate Buy. while the current...