Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Upwork Inc before investing.

In this article, we go over a few key elements for understanding Upwork Inc’s stock price such as:

• Upwork Inc’s current stock price and volume
• Why Upwork Inc’s stock price changed recently
• Upgrades and downgrades for UPWK from analysts
• UPWK’s stock price momentum as measured by its relative strength

About Upwork Inc (UPWK)

Before we jump into Upwork Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Upwork Inc. operates a working marketplace, which connects businesses with independent talent. The Company's independent talent refers to the talent that includes independent professionals and agencies of varying sizes. The Company’s marketplace offerings are designed for clients looking to identify hiring. Its marketplace offerings provide clients with access to independent talent with verified work history on its work marketplace, as well as client feedback. They also receive perks, such as a verified client badge and highlighted job posts. Upwork Payroll is available to clients when they choose to work with talent that they engage through Upwork as employees. With Upwork Payroll, clients have access to third-party staffing providers to employ talent and meet their talent needs through its work marketplace. It offers two lines of service: enterprise solutions and managed services. Its managed services offer a service-led program management and full project lifecycle solution.

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Upwork Inc’s Stock Price as of Market Close

As of August 15, 2024, 4:00 PM, CST, Upwork Inc’s stock price was $9.99.

Upwork Inc is up 5.71% from its previous closing price of $9.45.

During the last market session, Upwork Inc’s stock traded between $9.24 and $9.73. Currently, there are 131.44 million shares of Upwork Inc stock available for purchase.

Upwork Inc’s price-earnings (P/E) ratio is currently at 17.9, which is low compared to the Employment Services industry median of 21.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Upwork Inc Stock Price History

Upwork Inc’s (UPWK) price is currently down 17.57% so far this month.

During the month of August, Upwork Inc’s stock price has reached a high of $12.30 and a low of $8.43.

Over the last year, Upwork Inc has hit prices as high as $16.36 and as low as $8.43. Year to date, Upwork Inc’s stock is down 4.31%.

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What Caused Upwork Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 14, 2024, there were 2 analysts who downgraded Upwork Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Upwork Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Upwork Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Upwork Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Upwork Inc (UPWK) by visiting AAII Stock Evaluator.

Relative Price Strength of Upwork Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 14, 2024, Upwork Inc has a weighted four-quarter relative price strength of -15.89%, which translates to a Momentum Score of 23 and is considered to be Weak.

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Upwork Inc Stock Price: Bottom Line

As of August 15, 2024, Upwork Inc’s stock price is $9.99, which is up 5.71% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Upwork Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.