Udemy Inc (NASDAQ:UDMY) price on Thursday, August 01, fall -13.31% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.01.
A look at the stock’s price movement, the level at last check in today’s session was $9.24. Turning to its 52-week performance, $16.01 and $7.91 were the 52-week high and 52-week low respectively. Overall, UDMY moved -6.64% over the past month.
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Udemy Inc’s market cap currently stands at around $1.23 billion.
Analysts have a consensus estimate of 200.17M for the company’s revenue for the quarter, with a low and high estimate of 199.3M and 201.63M respectively. The average forecast suggests up to a 12.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 799.2M, representing a 9.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that UDMY is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
UDMY’s current price about -6.98% and -7.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.86, while 7-day volatility ratio is 4.58% and 3.82% in the 30-day chart. Further, Udemy Inc (UDMY) has a beta value of 2.01, and an average true range (ATR) of 0.49.
If we refocus on Udemy Inc (NASDAQ:UDMY), historical trading data shows that trading volumes averaged 926.57K over the past 3 months. The company’s latest data on shares outstanding shows there are 157.17 million shares.
The 49.71% of Udemy Inc’s shares are in the hands of company insiders while institutional holders own 40.45% of the company’s shares. Current price change has pushed the stock -45.62% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UDMY stock continues to rise going into the next quarter.
