Within its last year performance, UDMY fell by -22.44%, with highs and lows ranging from $16.01 to $6.67, whereas the simple moving average fell by -27.93% in the last 200 days.
On August 08, 2024, Canaccord Genuity started tracking Udemy Inc (NASDAQ: UDMY) recommending Buy. A report published by BofA Securities on August 01, 2024, Downgraded its rating to ‘Neutral’ for UDMY. BofA Securities also rated UDMY shares as ‘Buy’, setting a target price of $13 on the company’s shares in an initiating report dated October 19, 2023. Piper Sandler July 18, 2022d the rating to Neutral on July 18, 2022, and set its price target from $13 to $11. Cantor Fitzgerald initiated its ‘Overweight’ rating for UDMY, as published in its report on March 30, 2022. Berenberg’s report from March 17, 2022 suggests a price prediction of $30 for UDMY shares, giving the stock a ‘Buy’ rating. William Blair also rated the stock as ‘Outperform’.
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Analysis of Udemy Inc (UDMY)
Further, the quarter-over-quarter increase in sales is 9.04%, showing a positive trend in the upcoming months.
Udemy Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -29.78% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.37, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and UDMY has an average volume of 995.94K. On a monthly basis, the volatility of the stock is set at 3.66%, whereas on a weekly basis, it is put at 3.69%, with a loss of -4.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.27, showing growth from the present price of $7.74, which can serve as yet another indication of whether UDMY is worth investing in or should be passed over.
How Do You Analyze Udemy Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 47.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 43.02% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
UDMY shares are owned by institutional investors to the tune of 43.02% at present.
