Upland Software Inc (NASDAQ: UPLD) Now $1.79 Higher From Its Low (1.9), Does It Still Have A Growth Story?

Upland Software Inc (NASDAQ:UPLD) currently has a daily average trading volume of 182.97K but it saw 449944 shares traded in last market. With a market cap of 96.55M USD, the company’s current market price of $3.69 came falling about -4.65 while comparing to the previous closing price of $3.87. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.28 and as low as $1.79. In the recent trading on the day, stock has struck highest price mark of $3.55 while lowest mark touched by it was $3.8796.

Taking a look at 20-day trading activity of Upland Software Inc (UPLD) gives us an average price of $2.84, while its current price level is -30.08% below from 52-week high level whereas it is 106.15% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.59 while that of 200 days or SMA-200 reads an average of $2.59. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.93% during that period while stretching the period over a month that decreases to 11.23%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 68.67 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the ROTH MKM which downgraded the stock as “Sell” in its note to investors issued on November 10, 2023, recommending a price target of $3.50 for it. Truist downgraded its recommendation for the stock as a “Hold” from “Buy” on February 24, 2023 while assigning a price target range of $11-$9. ROTH MKM also issued its recommendations for the stock as it downgraded the price target for the stock is $8.

Over the week, UPLD’s stock price is moving 2.22% up while it is 67.73% when we observe its performance for the past one month. Year-to-date it is -12.77% down and over the past year, the stock is showing a downside performance of -25.75%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.14 beaten by the consensus estimate of 0.18 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0.2 while estimate for next year EPS is 0.95. In next quarter, company is expected to be making quarterly sales of $67.07M as analysts are expecting the sales for current fiscal year at $274.62M and seeing the company making $265.39M in sales next year. Moreover, analysts are in estimates of $67.84M for current-quarter revenue.

Currently, Upland Software Inc’s total number of outstanding shares is 29.91M with 19.00% of that held by the insiders while 59.24% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -31.34% and return on equity (ROE) at -166.77%. It has a 4.40 of forward P/E ratio. Stock’s beta reads 1.34. Stock has a price to book (P/B) ratio of 111.65 while price to sale or P/S ratio amounts to 0.35. Its return on asset (ROA) is -17.30% on average.