Upwork Inc. (UPWK, Financial) experienced a significant stock movement with a 5.01% increase in its share price, reaching $16.15. The trading volume was 1.369 million shares, with a turnover rate of 1.02% and a price fluctuation of 3.90%.
Recent financial reports reveal that Upwork achieved a revenue of $194 million, a net profit of $27.76 million, and earnings per share of $0.21. The company's gross profit stood at $150 million, and it holds a price-to-earnings ratio of 26.01.
In terms of institutional ratings, 73% of the 11 rating agencies recommend buying the stock, while 27% suggest holding, with no sell recommendations.
Within the internet information services sector, where Upwork operates, there was an overall decline of 0.85%. However, some related stocks like Upexi, Inc. and Moneyhero Ltd showed notable gains. Upexi, Inc., Digital Ally, Inc., and Trump Media Technology Group were particularly active, with turnover rates of 12.09%, 5.72%, and 5.28%, respectively. Stocks with significant price fluctuations included Digital Ally, Inc. and Moneyhero Ltd, with amplitudes of 20.60% and 18.56%.
Upwork Inc., based in the U.S., manages an online marketplace connecting businesses with skilled freelancers. Its offerings include Upwork Basic, Plus, Business, Enterprise, and Payroll. The company generates significant revenue from talent and clients in the U.S., India, the Philippines, and other regions.
