While Udemy Inc has underperformed by -1.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UDMY fell by -48.88%, with highs and lows ranging from $15.39 to $6.67, whereas the simple moving average fell by -11.36% in the last 200 days.
On December 05, 2024, Scotiabank started tracking Udemy Inc (NASDAQ: UDMY) recommending Sector Outperform. A report published by Morgan Stanley on September 27, 2024, Downgraded its rating to ‘Underweight’ for UDMY. Canaccord Genuity also rated UDMY shares as ‘Buy’, setting a target price of $12 on the company’s shares in an initiating report dated August 08, 2024. BofA Securities initiated its ‘Buy’ rating for UDMY, as published in its report on October 19, 2023. Piper Sandler’s report from July 18, 2022 suggests a price prediction of $11 for UDMY shares, giving the stock a ‘Neutral’ rating. Cantor Fitzgerald also rated the stock as ‘Overweight’.
Analysis of Udemy Inc (UDMY)
Further, the quarter-over-quarter increase in sales is 5.79%, showing a positive trend in the upcoming months.
One of the most important indicators of Udemy Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -35.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.15, 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.
For any stock, average volume can also provide valuable insight into volatility, and UDMY is recording 732.40K average volume. On a monthly basis, the volatility of the stock is set at 4.16%, whereas on a weekly basis, it is put at 5.07%, with a loss of -6.39% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.16, showing growth from the present price of $7.76, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 49.76%. 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 42.46% 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 42.46% at present.
