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UDMY - Udemy Stock: Not Yet Attractive Here's Why
May, 12 2022 03:29 PM
Udemy Inc.
Udemy's share price has risen by over 24% in two days from its all-time low (on May 4, 2022) due to smaller-than-expected losses. Although earnings are better than expected, Udemy's latest financial results still signal challenges ahead. Slow revenue growth, intense competition, increasing expenses, and negative cash flow raise concerns about future profitability. While the P/S ratio is considered low, valuations are still shots in the dark at this point. For further details see:
Udemy Stock: Not Yet Attractive, Here's Why
Stock Information
Company Name:
Udemy Inc.
Stock Symbol:
UDMY
Market:
NASDAQ
Website:
udemy.com
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