(VIANEWS) - Shares of Upwork (NASDAQ: UPWK) fell by a staggering 21.24% in 10 sessions from $10.31 at 2023-04-19, to $8.12 at 13:40 EST on Wednesday, after two successive sessions in a row of losses. NASDAQ is jumping 0.43% to $12,132.23, after two successive sessions in a row of losses.
Upwork's last close was $8.80, 64.87% under its 52-week high of $25.05.
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 $-0.69.
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 -35.36%.Revenue Growth
Year-on-year quarterly revenue growth grew by 18%, now sitting on 618.32M for the twelve trailing months.
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