Slack Technologies Inc. (NYSE:WORK) went down by -1.39% from its latest closing price compared to the recent 1-year high of $44.57. The company’s stock price has collected -2.20% of loss in the last five trading sessions. MarketWatch.com reported on 04/19/21 that Tech’s COVID-19 boom won’t last forever, but it’s not going to end just yet
Is It Worth Investing in Slack Technologies Inc. (NYSE :WORK) Right Now?
WORK currently public float of 495.28M and currently shorts hold a 8.63% ratio of that float. Today, the average trading volume of WORK was 5.80M shares.
WORK’s Market Performance
WORK stocks went down by -2.20% for the week, with a monthly jump of 1.36% and a quarterly performance of -1.65%, while its annual performance rate touched 58.49%. The volatility ratio for the week stands at 1.16% while the volatility levels for the past 30 days are set at 1.03% for Slack Technologies Inc.. The simple moving average for the period of the last 20 days is -0.89% for WORK stocks with a simple moving average of 16.82% for the last 200 days.
Analysts’ Opinion of WORK
Many brokerage firms have already submitted their reports for WORK stocks, with Credit Suisse repeating the rating for WORK by listing it as a “Neutral.” The predicted price for WORK in the upcoming period, according to Credit Suisse is $45 based on the research report published on March 16th of the current year 2021.
Wedbush gave a rating of “Neutral” to WORK, setting the target price at $45 in the report published on December 03rd of the previous year.
WORK Trading at 0.87% from the 50-Day Moving Average
After a stumble in the market that brought WORK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.19% of loss for the given period.
Volatility was left at 1.03%, however, over the last 30 days, the volatility rate increased by 1.16%, as shares surge +0.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.44% lower at present.
During the last 5 trading sessions, WORK fell by -2.20%, which changed the moving average for the period of 200-days by +32.27% in comparison to the 20-day moving average, which settled at $42.20. In addition, Slack Technologies Inc. saw -1.02% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at WORK starting from Butterfield Stewart, who sale 250,000 shares at the price of $42.06 back on Apr 15. After this action, Butterfield Stewart now owns 973,670 shares of Slack Technologies Inc., valued at $10,515,000 using the latest closing price.
Shim Allen, the Chief Financial Officer of Slack Technologies Inc., sale 120,000 shares at $42.05 during a trade that took place back on Apr 14, which means that Shim Allen is holding 151,468 shares at $5,046,000 based on the most recent closing price.
Stock Fundamentals for WORK
Current profitability levels for the company are sitting at:
- -31.20 for the present operating margin
- +86.52 for the gross margin
The net margin for Slack Technologies Inc. stands at -33.28. The total capital return value is set at -20.71, while invested capital returns managed to touch -22.96. Equity return is now at value -35.70, with -13.20 for asset returns.
Based on Slack Technologies Inc. (WORK), the company’s capital structure generated 109.20 points at debt to equity in total, while total debt to capital is 52.20. Total debt to assets is 37.46, with long-term debt to equity ratio resting at 105.02. Finally, the long-term debt to capital ratio is 50.20.
When we switch over and look at the enterprise to sales, we see a ratio of 25.77, with the company’s debt to enterprise value settled at 0.04. The receivables turnover for the company is 4.71 and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.68.