UPLD Stock Summary and Trading Ideas (Upland Software | NASDAQ:UPLD)

Upland Software Inc is a provider of cloud-based enterprise work management software. The company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations. It services customers ranging from corporations and Government agencies to small- and medium-sized businesses engaged in the field of financial services, retail, technology, manufacturing, education, consumer goods, media, and telecommunications, Government, food and beverage, healthcare and life sciences, chemicals and travel and hospitality. The products of the company are Altify, BA Insight, InGenius, Panviva, Qvidian, RightAnswers and others.

Upland Software trades on the NASDAQ stock market under the symbol UPLD.

As of April 24, 2024, UPLD stock price climbed to $2.24 with 105,139 million shares trading.

UPLD has a beta of 3.31, meaning it tends to be more sensitive to market movements. UPLD has a correlation of 0.18 to the broad based SPY ETF.

UPLD has a market cap of $64.78 million. This is considered a Micro Cap stock.

Last quarter Upland Software reported $72 million in Revenue and $.14 earnings per share. This beat revenue expectation by $828,000 and missed earnings estimates by -$.04.

In the last 3 years, UPLD stock traded as high as $53.00 and as low as $2.09.

The top ETF exchange traded funds that UPLD belongs to (by Net Assets): VTI, VXF, PRFZ, IWC, EES.

UPLD has underperformed the market in the last year with a price return of -39.3% while the SPY ETF gained +24.2%. UPLD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -45.6% and -25.9%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

UPLD support price is $2.10 and resistance is $2.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UPLD stock will trade within this expected range on the day.