Less Than Six Hours Before The NASDAQ Open, Upwork Is Down By 7%

(VIANEWS) – The NASDAQ opens in less than six hours and Upwork‘s pre-market value is already 7.82% down.

Upwork’s last close was $13.94, 53.41% below its 52-week high of $29.92.

The last session, NASDAQ ended with Upwork (UPWK) rising 5.85% to $13.94. NASDAQ jumped 0.92% to $12,070.59, after three sequential sessions in a row of gains, on what was a somewhat up trend trading session.

About Upwork

Upwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Enterprise, and Upwork Payroll, as well as managed and internet escrow agency services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

Earnings Per Share

As for profitability, Upwork has a trailing twelve months EPS of $-0.19.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -37.82%.

Sales Growth

Upwork’s sales growth is 16.4% for the ongoing quarter and 22.5% for the next.

Yearly Top and Bottom Value

Upwork’s stock is valued at $13.94 at 04:30 EST, way below its 52-week high of $29.92 and way higher than its 52-week low of $9.79.

Moving Average

Upwork’s worth is way above its 50-day moving average of $11.70 and way below its 200-day moving average of $16.29.

More news about Upwork (UPWK).

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