Workiva Inc [WK] stock is trading at $105.42, up 1.49%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WK shares have gain 3.03% over the last week, with a monthly amount glided 13.08%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Workiva Inc [NYSE: WK] stock has seen the most recent analyst activity on November 07, 2024, when BMO Capital Markets reiterated its Outperform rating and also boosted its price target to $104 from $96. Previously, Wolfe Research started tracking the stock with Outperform rating on August 28, 2023, and set its price target to $120. On October 21, 2022, Goldman initiated with a Buy rating and assigned a price target of $101 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $86 on September 01, 2022. Stifel downgraded its rating to a Hold and reduced its price target to $80 on May 04, 2022. BMO Capital Markets reiterated a Outperform rating for this stock on February 23, 2022, and downed its price target to $127. In a note dated February 01, 2022, BMO Capital Markets initiated an Outperform rating and provided a target price of $135 on this stock.
Workiva Inc [WK] stock has fluctuated between $65.47 and $106.03 over the past year. Currently, Wall Street analysts expect the stock to reach $89.5 within the next 12 months. Workiva Inc [NYSE: WK] shares were valued at $105.42 at the most recent close of the market. An investor can expect a potential drop of -15.1% based on the average WK price forecast.
Analyzing the WK fundamentals
Workiva Inc [NYSE:WK] reported sales of 705.44M for the trailing twelve months, which represents a growth of 17.35%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is 0.67 and Total Capital is -0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-15.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 104.21 points at the first support level, and at 103.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 106.52, and for the 2nd resistance point, it is at 107.63.
Ratios To Look Out For
For context, Workiva Inc’s Current Ratio is 1.75. As well, the Quick Ratio is 1.75, while the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 8.26.
Transactions by insiders
Recent insider trading involved RADIA SUKU V., Director, that happened on Nov 11 ’24 when 25678.0 shares were sold. Director, Herz Robert H completed a deal on Nov 11 ’24 to sell 4800.0 shares. Meanwhile, Director Herz Robert H sold 3177.0 shares on Nov 11 ’24.
