- Activity pressure is positive on the latest completed week.
UPWK
NASDAQ
Week ended 24 Jul 2026
Weekly Investor Report
Upwork Inc · Communication Services · Internet Content & Information
Latest close
8.83 USD
-2.5%
latest week
Weekly setup
Mixed setup
The weekly trend is not active. Price is -27.7% below the Trend Line and sits at 9.0% of its 52-week range. The latest completed week returned -2.5%, after a 6.0% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks weakly; valuation is inexpensive relative to peers. Options positioning is volatility with 50/100 conviction, while the latest news-sentiment score is 53/100. Near-term considerations: volume confirmation is below normal; earnings are due in 6d.
Setup score
30
out of 100
Latest Close
8.83 USD
24 Jul 2026
1W Return
-2.5%
latest completed week
4W Return
6.0%
short-term follow-through
12W Return
-15.8%
quarterly tape
Trend Breadth
44.2%
23 of 52 weeks active
Volume Ratio
0.8x
vs 13-week average
- The trend backdrop is inactive, so price action has not confirmed a constructive regime.
- Price is below the Trend Line, which keeps downside pressure in focus.
- Price is below Fair Value, so the market is still discounting the latest tape.
- Activity pressure is weak, so confirmation is not yet broad enough.
- Trend Line remains the key weekly regime level.
- Activity pressure is the gauge to monitor for confirmation or fade.
- A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through
-2.5%
Latest completed week; four-week move 6.0%.
Indicator stack
24/64
Trend and activity pressure are weighted against the latest 12-week confirmation window.
Trend backdrop
Active
The trend backdrop defines the current weekly regime.
Patient Capital
Recent
Activity-pressure buy-signal status for institutional accumulation timing.
Options pressure
Volatility
50/100 conviction; expected move 21.2%.
News sentiment
53/100
53 relevant articles in the latest sentiment read.
Event risk
6d
Next report is scheduled for 05 Aug 2026; event risk rises as the date approaches.
01 · Price action
Study the full chart
Where price is—and whether the trend supports it
The weekly trend is not active. Price is -27.7% below the Trend Line and sits at 9.0% of its 52-week range. The latest completed week returned -2.5%, after a 6.0% four-week move.
52-week price path
Price vs Trend Line and Fair Value
Price
Trend Line
Fair Value
02 · Volume and demand
Is real participation confirming the move?
Latest weekly volume is 0.8x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
30 Jan
6 Feb
13 Feb
20 Feb
27 Feb
6 Mar
13 Mar
20 Mar
27 Mar
3 Apr
10 Apr
17 Apr
24 Apr
1 May
8 May
15 May
22 May
29 May
5 Jun
12 Jun
19 Jun
26 Jun
3 Jul
10 Jul
17 Jul
24 Jul
Up week
Down week
Demand beneath price
Activity pressure and institutional-style signals
These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.
Activity pressure path
Latest 0.0412-week average 0.01
12-week confirmation
Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure2/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership0/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.04Current proprietary activity-pressure read.
Buy signals1Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers
No recent accumulation markers. No reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is 6.0% over four weeks, -15.8% over 12 weeks, and -32.6% over one year. The current trend has remained active for 0 consecutive weeks.
Performance by holding period
Active trend streak0 weeks
Active weeks in one year23
Trend breadth44.2%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure0.18Latest activity-pressure read.
Pressure change141.0%Four-week change in activity pressure.
Leadership-44.39Latest relative-leadership reading.
RS change12.9%Four-week change in relative leadership.
04 · Fundamentals and valuation
Open full factor analysis
What investors are paying for—and the quality behind it
The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks weakly; valuation is inexpensive relative to peers.
Factor week 26 Jul 2026
Financial statements through 31 Dec 2025
Field coverage 97%
Model confidence 93%
Relative factor standing
Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.
Overall factor strength88/100Blend of value, momentum, and quality. Underlying universe rank 13; rank 1 is best.
Value93/100Relative valuation strength. Underlying universe rank 8; rank 1 is best.
Quality96/100Profitability and accounting quality. Underlying universe rank 5; rank 1 is best.
Momentum10/100Medium-term price momentum. Underlying universe rank 91; rank 1 is best.
Growth8/100Revenue and earnings growth. Underlying universe rank 93; rank 1 is best.
Quality and valuation are separate questions
A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.
Value-quality framework90/100Value and quality alignment from the Sharemaestro SVQF framework.
Valuation
How much investors are paying for earnings, sales, and cash flow.
- P/E
- 10.0x Price divided by trailing earnings.
- Price / sales
- 1.4x Market value relative to trailing revenue.
- EV / EBITDA
- 6.6x Enterprise value relative to operating cash earnings.
- Free-cash-flow yield
- 21.4% Free cash flow as a share of enterprise value.
Business quality
Margins and the return generated on invested capital.
- Gross margin
- 77.5% Gross profit retained from each unit of revenue.
- Operating margin
- 18.6% Operating profit retained from revenue.
- Free-cash-flow margin
- 30.9% Free cash flow generated from revenue.
- Return on invested capital
- 17.8% Operating return generated on invested capital.
Growth and financial strength
Recent business growth and accounting strength.
- Revenue growth
- 2.5% Latest one-year revenue growth.
- EPS growth
- -53.5% Latest one-year earnings-per-share growth.
- Free-cash-flow growth
- 26.3% Latest one-year free-cash-flow growth.
- Piotroski F-score
- 5/9 Nine-point accounting-strength checklist.
Shareholder return and balance sheet
Cash returned to owners and financial leverage.
- Dividend yield
- - Cash dividends relative to market value.
- Buyback yield
- 18.9% Net share repurchases relative to market value.
- Shareholder yield
- 18.9% Dividend yield plus net buyback yield.
- Net debt / EBITDA
- 0.3x Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment
What other market participants are doing
Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.
Options positioningVolatility
UPWK shows volatility options pressure with a 50/100 conviction score, put-call volume ratio of 0.15, expected move of 21.2%, and Sharemaestro trend signal inactive.
Conviction50/100
Expected move21.2%
Put/call volume0.15
Insider activity10 / 10
10 acquisitions and 10 disposals in the latest 180-day insider tape.
Acquisitions / disposals over the latest 180 days. Insider activity is context, not a stand-alone signal.News sentiment53/100
Weighted news tone is neutral across 53 relevant articles.
12 positive · 36 neutral · 5 negativePatient CapitalRecent
Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.
Recent buy signal in the last 8 weeks
06 · Catalysts and risk
What can move the shares—and how volatile the path has been
Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.
Next earnings6dNext report is scheduled for 05 Aug 2026; event risk rises as the date approaches.
Options expected move21.2%Nearest-chain priced movement where available.
52-week drawdown-61.3%Distance below the 52-week high.
13-week volatility6.4%Standard deviation of weekly returns.
Weekly gains and losses
Latest 26 completed weeksEach bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.
30 Jan
27 Feb
27 Mar
24 Apr
22 May
19 Jun
24 Jul
Weeks higher8 of 2618 weeks finished lower.
Best week+10.0%Week of 3 Jul.
Worst week-30.1%Week of 13 Feb.
Latest week-2.5%Week of 24 Jul.
Shape of recent returns
Strong gains3
Modest gains5
Flat weeks0
Modest losses9
Sharp losses9
Recent vol6.4%13-week weekly-return volatility.
Base vol7.9%52-week weekly-return volatility.
Up/down split23/29Count of positive and negative weeks in the 52-week window.
Average skew6.2% / -5.7%Average positive week versus average negative week.
07 · Sector and peer context
Is this stock leading—or simply moving with its group?
Sector and industry breadth distinguish company-specific strength from a broad group move.
SectorUS Communication Services
4-week rank- / 100
Group average-0.8%
Trend breadth41.0%
Trend41.0%active weekly trend signals
MD49.0%positive activity pressure
RS30.0%positive relative leadership
Four-week leaders
IndustryUS Internet Content & Information
4-week rank15 / 66
Group average-5.7%
Trend breadth24.2%
Trend24.2%active weekly trend signals
MD57.6%positive activity pressure
RS19.7%positive relative leadership
Four-week leaders
08 · Evidence and weekly data
The underlying research record
Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.
Weekly tape28/100
Trend, activity pressure, participation, and risk combine to a 28/100 tape read.
Indicator analysis13/100Latest 12-week confirmation: trend 0/12, activity pressure 2/12, relative leadership 0/12.
Activity pressure 0.04; No reversal markers Factors73/100O'Shaughnessy factor stack blends value, quality, momentum, and confidence.
Buyback Yield rank 3; Small Cap Core rank 6 SVQF90/100Value and quality alignment from the Sharemaestro SVQF framework.
Composite rank 70.5 of 726 Patient CapitalRecentActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
Recent buy signal in the last 8 weeks Options35/100UPWK shows volatility options pressure with a 50/100 conviction score, put-call volume ratio of 0.15, expected move of 21.2%, and Sharemaestro trend signal inactive.
Volatility · Volatility expansion watch · Expected move 21.2% Sentiment53/100Weighted news tone is neutral across 53 relevant articles.
Upwork Inc (UPWK) Earnings Forecast: Future EPS & Revenue Growth Estimates Insiders10 / 1010 acquisitions and 10 disposals in the latest 180-day insider tape.
Earnings6dNext report is scheduled for 05 Aug 2026; event risk rises as the date approaches.
| Week | Close | Return | Trend Line | Fair Value | Pressure | Leadership | Volume | Trend |
|---|---|---|---|---|---|---|---|---|
| 24 Jul 2026 | 8.83 USD | -2.5% | 12.21 USD | 13.60 USD | 0.18 | -44.39 | 15.4M | Off |
| 17 Jul 2026 | 9.06 USD | 2.7% | 12.61 USD | 13.61 USD | 0.10 | -44.33 | 17.0M | Off |
| 10 Jul 2026 | 8.82 USD | -3.7% | 13.00 USD | 13.62 USD | -0.11 | -48.51 | 13.6M | Off |
| 3 Jul 2026 | 9.16 USD | 10.0% | 13.43 USD | 13.63 USD | -0.27 | -46.05 | 11.2M | Off |
| 26 Jun 2026 | 8.33 USD | 3.5% | 13.80 USD | 13.63 USD | -0.44 | -50.98 | 18.7M | Off |
| 19 Jun 2026 | 8.05 USD | -5.2% | 14.18 USD | 13.64 USD | -0.63 | -55.23 | 14.7M | Off |
| 12 Jun 2026 | 8.49 USD | -3.1% | 14.51 USD | 13.64 USD | -0.74 | -52.06 | 14.2M | Off |
| 5 Jun 2026 | 8.76 USD | -0.7% | 14.77 USD | 13.65 USD | -0.92 | -49.97 | 19.2M | Off |
| 29 May 2026 | 8.82 USD | 0.2% | 15.06 USD | 13.64 USD | -1.05 | -52.51 | 14.0M | Off |
| 22 May 2026 | 8.80 USD | 7.7% | 15.30 USD | 13.64 USD | -1.11 | -51.91 | 19.0M | Off |
| 15 May 2026 | 8.17 USD | -7.4% | 15.54 USD | 13.64 USD | -1.17 | -55.44 | 25.6M | Off |
| 8 May 2026 | 8.82 USD | -15.9% | 15.81 USD | 13.64 USD | -1.13 | -52.81 | 51.1M | Off |
| 1 May 2026 | 10.49 USD | -1.3% | 16.07 USD | 13.63 USD | -1.17 | -41.74 | 20.8M | Off |
| 24 Apr 2026 | 10.63 USD | -5.7% | 16.30 USD | 13.62 USD | -1.21 | -40.57 | 12.8M | Off |
How to use this report
This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.