Workiva Inc (NYSE: WK)’s stock price has soared by 4.40 in relation to previous closing price of 87.63. Nevertheless, the company has seen a gain of 14.71% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-06 that Workiva Inc. (WK) Q3 2024 Earnings Call Transcript
Is It Worth Investing in Workiva Inc (NYSE: WK) Right Now?
Company’s 36-month beta value is 1.06.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for WK is 48.43M, and currently, short sellers hold a 4.95% ratio of that floaft. The average trading volume of WK on November 08, 2024 was 326.95K shares.
WK’s Market Performance
WK stock saw an increase of 14.71% in the past week, with a monthly gain of 16.68% and a quarterly increase of 22.61%. The volatility ratio for the week is 4.26%, and the volatility levels for the last 30 days are 2.71% for Workiva Inc (WK). The simple moving average for the past 20 days is 12.75% for WK’s stock, with a 14.48% simple moving average for the past 200 days.
Analysts’ Opinion of WK
Wolfe Research, on the other hand, stated in their research note that they expect to see WK reach a price target of $120. The rating they have provided for WK stocks is “Outperform” according to the report published on August 28th, 2023.
Goldman gave a rating of “Buy” to WK, setting the target price at $101 in the report published on October 21st of the previous year.
WK Trading at 16.71% from the 50-Day Moving Average
After a stumble in the market that brought WK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.87% of loss for the given period.
Volatility was left at 2.71%, however, over the last 30 days, the volatility rate increased by 4.26%, as shares surge +16.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.78% upper at present.
During the last 5 trading sessions, WK rose by +14.71%, which changed the moving average for the period of 200-days by -6.54% in comparison to the 20-day moving average, which settled at $81.14. In addition, Workiva Inc saw -9.89% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WK starting from Hawkins Michael D., who sale 2,761 shares at the price of $74.60 back on Sep 13 ’24. After this action, Hawkins Michael D. now owns 49,887 shares of Workiva Inc, valued at $205,971 using the latest closing price.
VANDERPLOEG MARTIN J., the Director of Workiva Inc, purchase 4,000 shares at $70.06 during a trade that took place back on Sep 11 ’24, which means that VANDERPLOEG MARTIN J. is holding 345,869 shares at $280,243 based on the most recent closing price.
Stock Fundamentals for WK
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.77 for the gross margin
The net margin for Workiva Inc stands at -0.07. The total capital return value is set at 0.13.
Based on Workiva Inc (WK), the company’s capital structure generated 1.0 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09.
Currently, EBITDA for the company is -59.32 million with net debt to EBITDA at -14.64. When we switch over and look at the enterprise to sales, we see a ratio of 8.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.
Conclusion
In a nutshell, Workiva Inc (WK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
