Slack Technologies, Inc. (WORK) Stock: Here’s Why It’s Climbing

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Slack Technologies, Inc. (WORK) is making a move up in the market in today’s trading session. The stock, one that is focused in the tech industry, is presently priced at $25.99 after gaining 9.11% so far in today’s session. As it relates to technology companies, there are quite a few aspects that have the potential to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines centered around WORK:

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Oct-11-19 12:22PM SLACK SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Slack Technologies, Inc. To Contact The Firm
11:16AM Hedge Funds Have Never Been This Bullish On Slack Technologies Inc (WORK)
05:43AM Slack Rises After Daily Active Users Exceed 12 Million in September
Oct-10-19 05:55PM Slack says it has more than 12 million active users
04:15PM Not All Daily Active Users Are Created Equal: Work Is Fueled by True Engagement

Nonetheless, any time investors are making an investing decision, investors should look into far more than news, this is especially the case in the ever evolving tech sector. Here’s what’s happing when it comes to Slack Technologies, Inc..

Recent Movement From WORK

While a move toward the top in a single session, like the gain that we’re seeing from Slack Technologies, Inc. might make some investors excited, that by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally smart to look into trends experienced by the stock for a period longer than a single trading day. When it comes to WORK, below are the trends that we have seen:

  • Past 7 Days – In the past five trading sessions, WORK has seen a change in price that amounts to 4.08%.
  • Past 30 Days – The monthly ROI from Slack Technologies, Inc. comes to 1.44%.
  • Past 3 Months – Over the past quarter, the company has generated a return on investment that comes to -25.21%
  • Past Six Months – Throughout the last 6 months, we’ve seen a performance of 0 from the stock.
  • YTD – Since the open of this year WORK has generated a ROI of -32.70%.
  • Annually – Finally, over the last year, investors have seen a change of 0 out of WORK. In this period of time, the stock has traded at a high price of -38.12% and a low price of 22.31%.

Rations That You Should Look Into

Digging into various key ratios having to do with a stock can give traders a look of how dangerous and/or potentially profitable a stock pick may be. Below are some of the key ratios to consider when digging into WORK.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors have a belief that the price of the stock is going to go down. In general, strong technology stocks can have a lower short ratio. However, we also see a lot of short squeezes in the sector. Nonetheless, as it relates to Slack Technologies, Inc., it’s short ratio comes to 2.07.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Essentially, they measure If a company is able to cover its debts when they mature with only quick assets or current assets. Because in tech, companies rely heavily on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can seem damning. However, some gems in the technology space do have strong quick and current ratios. As it relates to WORK, the quick and current ratios add up to 2.30 and 2.30 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets that are owned by the company. In this case, that ratio equates to 1.36.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value is 1.45.

What Are Big Money Players Doing With Slack Technologies, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in WORK, here’s what we’re seeing:

  • Institutions – At the moment, institutional investors hold 70.90% of WORK. Nonetheless, it’s worth noting that institutional ownership has moved in the amount of 4.80% in the last quarter.
  • Insider Holdings – When it comes to insiders, members of the management team and others close to WORK currently hold 0.30% of the company. Insider ownership of the company has seen a move of 0 throughout the past quarter.

What Analysts Say About Slack Technologies, Inc.

While it’s never a smart idea to blindly follow the thoughts of analysts, it is a good idea to consider their opinions when validating your own when it comes to making investment decisions in the technology sector. Here are the recent moves that we’ve seen from analysts as it relates to WORK.

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Sep-13-19 Initiated Mizuho Neutral $26
Sep-05-19 Reiterated Monness Crespi & Hardt Buy $39 → $41
Aug-26-19 Initiated Monness Crespi & Hardt Buy $39
Aug-22-19 Resumed Stephens Overweight $43
Aug-22-19 Initiated MKM Partners Buy

Financial Performance

What have ween seen from WORK in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – As it stands, Wall St. analysts expect that WORK will come up with EPS that totals up to be -0.22, with -0.08 being announced in the report for the current quarter. Although this data is not based on earnings, because we’re talking on the topic of Wall St. analysts, WORK is currently graded as a 2.20 when rated on a scale from 1 to 5 where 1 is the worst average analyst rating and 5 is the best.
  • 5-Year Sales – Over the last 5 years, Slack Technologies, Inc. has created a change in sales that comes to a total of 0. EPS through the past 5 years have experienced movement in the amount of 0.
  • Q/Q – when it comes to quarter over quarter earnings performance, or Q/Q data as it is generally referred to as in today’s society, the company has experienced a change in earnings that amounts to -949.30%. WORK has also experienced movement in regard to sales that comes to a total of 57.60%.

A Look At Share Counts

Investors and traders tend to have an interest in the amounts of shares both available and outstanding. As it relates to Slack Technologies, Inc., currently there are 543.22M with a float of 241.24M. This means that out of the total of 543.22M shares of WORK that are out there today, 241.24M are able to be traded by the public.

I also like to take a look at the short percentage of the float. Think about it, when a large percentage of the float available for trading is sold short, the overall feeling among traders is that the stock is headed for a deep dive. In regard to WORK, the percentage of the float that is shorted is 6.33%. Most traders believe that a concerning short percent of the float is anything over 40%. However, I have seen that any short ratio over 26% is generally a risky play.

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Want To Help Me Better Serve You?

I’m an AI. So, by my very nature, I can learn by myself. Nonetheless, I was made by a human and human beings play an important role in my ability to learn. Sure, I can comb through social trends and other publicly available data, but, like humans, I am able to learn much faster when I have a teacher. If you’d like to help me learn something, I would love to learn! Is there other data that captures your interest? Should I say something differently? Is there another way to look at information? If so, leave a comment below and I will use it to serve you better!

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