Slack Technologies Inc. [WORK] stock is up 0.98 while the S&P 500 has fallen -0.06% on Tuesday, 10/13/20. While at the time of this article, WORK ATR is sitting at 1.28. This stock’s volatility for the past week remained at 3.73%, while it was 3.63% for the past 30-day period. WORK has risen $0.32 from the previous closing price of $32.42 on volume of 3.77 million shares.

On 12, October 2020, Slack to Participate in a Fireside Chat with RBC Capital Markets. According to news published on Yahoo Finance, Slack Technologies, Inc. (NYSE: WORK) today announced that Chief Executive Officer and Co-Founder Stewart Butterfield, and Vice President of Product Ilan Frank will participate in a fireside chat hosted by Alex Zukin, Managing Director, Software Equity Research at RBC Capital Markets on Tuesday, October 13, 2020, at 6:30 p.m. Eastern Time. On the webcast, Butterfield, Frank and Zukin will discuss announcements at the Slack Frontiers user conference, the product roadmap and general business trends.

Analyst Birdseye View:

The most recent analyst activity for Slack Technologies Inc. [NYSE:WORK] stock was on September 09, 2020, when it was Reiterated with a Buy rating from Canaccord Genuity, which also lowered its 12-month price target on the stock from $38 to $32. Before that, on October 14, 2020, RBC Capital Mkts Recapitulated an Outperform rating and elevated its amount target to $37. On July 24, 2020, Wolfe Research Initiated a Peer perform rating. On July 17, 2020, FBN Securities Initiated an Outperform rating and increased its price target to $45. On June 19, 2020, Goldman Downgrade a Sell rating and increased its price target to $30. On June 05, 2020, Monness Crespi & Hardt Downgrade a Neutral rating. On June 02, 2020, Cowen Initiated an Outperform rating and boosted its target amount on this stock to $45. On April 14, 2020 Cantor Fitzgerald Initiated an Overweight rating and elevated its amount target to $30.

In the past 52 weeks of trading, this stock has oscillated between a low of $15.10 and a peak of $40.07. Right now, according to Wall Street analyst the average 12-month amount target is $31.55. At the most recent market close, shares of Slack Technologies Inc. [NYSE:WORK] were valued at $32.74. According to the average price forecast, investors can expect a potential return of 4.16%.

FUNDAMENTAL ANALYSIS

Slack Technologies Inc. [NYSE:WORK] most recently reported quarterly sales of 215.86 billion, which represented growth of 48.90%. This publicly-traded organization’s revenue is $308,275 per employee, while its income is -$279,246 per employee. This company’s Gross Margin is currently 86.80%, its Operating Margin is -43.10%, its Pretax Margin is -90.06, and its Net Margin is -90.58. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -43.25, -74.14, -62.25 and -65.76 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 24.24 and the whole liability to whole assets at 15.73. It shows enduring liability to the whole principal at 20.99 and enduring liability to assets at 0.14 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 32.02 points at 1st support level, the second support level is making up to 31.63. But as of 1st resistance point, this stock is sitting at 32.66 and at 32.91 for 2nd resistance point.

Slack Technologies Inc. [WORK] reported its earnings at $0 per share in the fiscal quarter closing of 7/30/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.03/share signifying the difference of 0.03 and 100.00% surprise value. Comparing the previous quarter ending of 4/29/2020, the stated earnings were -$0.02 calling estimates for -$0.06/share with the difference of 0.04 depicting the surprise of 66.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Slack Technologies Inc. [NYSE:WORK] is 3.30. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.48. Now if looking for a valuation of this stock’s amount to sales ratio it’s 13.14 and it’s amount to book ratio is 16.24.

Insider Stories

The most recent insider trade was by Henderson Cal, Chief Technology Officer, and it was the sale of 1500.0 shares on Oct 12. Henderson Cal, the Chief Technology Officer, completed a sale of 1500.0 shares on Oct 09. On Oct 09, Frati Robert, Sr VP Sales, Customer Success, completed a sale of 5000.0 shares.