Upwork Inc is a leading online platform that connects freelancers with businesses seeking skilled professionals for various projects
It provides a marketplace where companies can post job opportunities and freelancers can showcase their expertise across numerous fields, including writing, design, programming, marketing, and more. The platform facilitates seamless collaboration, allowing clients to manage their projects, communicate with freelancers in real-time, and make payments securely. By bridging the gap between talent and opportunity, Upwork empowers individuals to work remotely while helping businesses access a diverse pool of skilled workers from around the world.
The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead.
They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Fiverr (NYSEFVRR) and the rest of the gig economy stocks fared in Q4.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the gig economy industry, including DoorDash (NASDAQDASH) and its peers.
Online work marketplace Upwork (NASDAQUPWK) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 4.1% year on year to $191.5 million. The company expects next quarter’s revenue to be around $188.5 million, coming in 2.9% above analysts’ estimates. Its non-GAAP profit of $1.03 per share was significantly above analysts’ consensus estimates.
Upwork has had an impressive run over the past six months as its shares have beaten the S&P 500 by 23.3%. The stock now trades at $16.19, marking a 33.6% gain. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at gig economy stocks, starting with Lyft (NASDAQLYFT).
