28-Mar-2024
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Upwork Unveils Most In-Demand Work Skills in 2024
Globe Newswire (Tue, 19-Mar 9:00 AM ET)
Upwork to Present at the JMP Technology Conference
Globe Newswire (Tue, 20-Feb 4:03 PM ET)
Upwork Reports Fourth Quarter and Full Year 2023 Financial Results
Globe Newswire (Wed, 14-Feb 4:03 PM ET)
Sesame Appoints Upwork CMO Melissa Waters to its Board of Directors
Globe Newswire (Tue, 23-Jan 10:28 AM ET)
Upwork to Report Fourth Quarter and Full Year 2023 Financial Results on February 14, 2024
Globe Newswire (Wed, 17-Jan 4:03 PM ET)
Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with skilled independent professionals. The company develops platform for hiring and freelancing purposes. Its products offering include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The business generates revenue from Talent and Clients across the USA, India, the Philippines and the rest of the world. Substantial income is derived from providing services to clients.
Upwork trades on the NASDAQ stock market under the symbol UPWK.
As of March 28, 2024, UPWK stock price declined to $12.26 with 2,616,535 million shares trading.
UPWK has a beta of 1.72, meaning it tends to be more sensitive to market movements. UPWK has a correlation of 0.11 to the broad based SPY ETF.
UPWK has a market cap of $1.68 billion. This is considered a Small Cap stock.
Last quarter Upwork reported $184 million in Revenue and $.20 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.03.
In the last 3 years, UPWK stock traded as high as $64.49 and as low as $6.56.
The top ETF exchange traded funds that UPWK belongs to (by Net Assets): VTI, VB, IWM, VXF, VBK.
UPWK has underperformed the market in the last year with a price return of +8.7% while the SPY ETF gained +33.6%. UPWK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.2% and -2.6%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
UPWK support price is $11.98 and resistance is $12.58 (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 UPWK stock will trade within this expected range on the day.