Upwork Joins Elite Rank of Stocks With RS Ratings Over 90
August 9, 2023
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Upwork Inc ($NASDAQ:UPWK) is a leading online freelance marketplace that connects businesses and independent professionals. It has recently joined the elite rank of stocks with Relative Strength (RS) ratings of over 90, making it a stock to watch. RS is a widely used stock rating system that measures a stock’s price performance in comparison to the overall market. When a stock’s RS rating is over 90, it indicates that the stock has superior performance compared to its peers and could be a good investment choice.
As a company, Upwork offers businesses access to professionals from around the world who can help with web design, software engineering, copywriting, and more. With its RS rating over 90, Upwork is proving itself to be a strong and reliable player in the market, making it a great stock to watch for those looking for solid investments.
Price History
On Monday, UPWORK INC stock opened at $14.9, and closed at $14.5, a decrease of 2.1% from its prior closing price of 14.8. RS ratings measure the technical strength of a stock and are determined by analyzing factors such as relative price strength, trading volume, and price trends. By achieving this high rating, UPWORK INC is in the top tier of companies in terms of technical strength. This could be a positive sign for the company’s future performance as investors may be more likely to invest in a stock with a higher RS rating. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Upwork Inc. More…
| Total Revenues | Net Income | Net Margin |
| 649.55 | -28.15 | -4.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Upwork Inc. More…
| Operations | Investing | Financing |
| 14.09 | 170.64 | -176.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Upwork Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 930.57 | 623.65 | 2.3 |
Key Ratios Snapshot
Some of the financial key ratios for Upwork Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.4% | – | -3.2% |
| FCF Margin | ROE | ROA |
| 0.4% | -4.4% | -1.4% |
Analysis
At GoodWhale, we have conducted a thorough analysis of UPWORK INC‘s fundamentals. Our analysis has revealed that UPWORK INC is a medium risk investment in terms of financial and business aspects. We have detected two risk warnings within UPWORK INC’s income sheet and cashflow statement. Register on goodwhale.com for a more detailed look into the investment risks associated with UPWORK INC. We make it easy to get the information you need to make the best decision possible regarding this investment. More…
Peers
Some of Upwork’s main competitors include Kanzhun Ltd, LegalZoom.com Inc, and DHI Group Inc. While all these companies offer similar services, each has its own unique features that make it stand out in the market.
– Kanzhun Ltd ($NASDAQ:BZ)
Kanzhun Ltd is a Chinese internet company that offers a variety of services, including online recruitment, information technology, and e-commerce. As of 2022, the company has a market cap of 5.43 billion US dollars and a return on equity of 3.6%. Founded in 2003, Kanzhun Ltd is headquartered in Beijing, China.
– LegalZoom.com Inc ($NASDAQ:LZ)
Founded in 2001, LegalZoom is the nation’s leading provider of online legal solutions for individuals and small businesses. Our mission is to make legal simple, affordable, and accessible for everyone.
With over two million customers and more than 20,000 legal documents, we’ve helped people start their businesses, make their wills, and protect their families. We’re here to help you take care of the legal stuff so you can get back to what matters most.
LegalZoom has a market cap of 1.7B as of 2022, a Return on Equity of -34.4%. The company provides online legal solutions for individuals and small businesses.
– DHI Group Inc ($NYSE:DHX)
DHI Group, Inc. (DHI) is a provider of data and insights on the global technology, financial, and professional services industries. The Company’s products and services include Data, Insights, and Analytics, and Events and Training. DHI Group, Inc. is headquartered in New York, New York.
Summary
Upwork Inc., a global freelancing platform, is an attractive pick for investors due to its strong Relative Strength (RS) rating of over 90. Analysts point to its comprehensive online platform, which connects business owners with freelancers, as well as its robust portfolio of services, as reasons for its success. Upwork Inc. is poised to capitalize on further growth in the freelance market and is well-positioned to capitalize on increasing demand for digital services in the future.
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