Slack Technologies Inc. [WORK] has traded in a range of $15.10 to $40.07 in the last 1 year. As of this writing, the stock is at $27.52, up 3.60%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, WORK shares are 5.52% up with the monthly amount drift of -13.79% and seems bad in a long time frame.
On 16, November 2020, Slack Announces Date of Third Quarter Fiscal Year 2021 Financial Results. According to news published on Yahoo Finance, Slack Technologies, Inc. (NYSE:WORK) today announced that it will report its financial results for the third quarter of fiscal year 2021, ended October 31, 2020, following the close of the U.S. markets on Wednesday, December 9, 2020. Slack will host a conference call that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results.
Analyst Birdseye View:
The most recent analyst activity for Slack Technologies Inc. [NYSE:WORK] stock was on October 14, 2020, when it was Reiterated with an Outperform rating from RBC Capital Mkts, which also raised its 12-month price target on the stock from $30 to $37. Before that, on October 21, 2020, Morgan Stanley Recapitulated an Underweight rating and elevated its amount target to $27. On September 09, 2020, Canaccord Genuity Reiterated a Buy rating and plunged its price target on this stock from $38 to $32. 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 boosted its amount on this stock to $30. On June 05, 2020, Monness Crespi & Hardt Downgrade a Neutral rating. On June 02, 2020 Cowen Initiated an Outperform rating and elevated its amount target to $45.
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 $32.05. At the most recent market close, shares of Slack Technologies Inc. [NYSE:WORK] were valued at $27.52. According to the average price forecast, investors can expect a potential return of 7.16%.
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.
The Principal structure of this organization shows its whole liability to 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 26.08 points at 1st support level, the second support level is making up to 25.60. But as of 1st resistance point, this stock is sitting at 27.09 and at 27.62 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.
The most recent insider trade was by Frati Robert, Sr VP Sales, Customer Success, and it was the sale of 5000.0 shares on Nov 06. Zell Brandon, the Chief Accounting Officer, completed a sale of 3484.0 shares on Nov 03. On Nov 02, Schellhase David, General Counsel and Secretary, completed a sale of 3347.0 shares.