Slack Technologies Inc. [WORK] Is Currently -1.16 below its 200 Period Moving Avg: What Dose This Mean?

Slack Technologies Inc. [NYSE: WORK] loss -1.16% or -0.49 points to close at $41.81 with a heavy trading volume of 6645859 shares. The company report on March 5, 2021 that Slack Announces Strong Fourth Quarter and Fiscal Year 2021 Results.

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Crossed $1 billion in revenue run rate with $250.6 million in total revenue in Q4 FY2021.

Q4 FY2021 Calculated Billings of $359.9 million, up 41% year-over-year.

It opened the trading session at $42.28, the shares rose to $42.41 and dropped to $41.77, the range by which the price of stock traded the whole day. The daily chart for WORK points out that the company has recorded 31.52% gains over the past six months. However, it is still -73.56% lower than its most recent low trading price.

If we look at the average trading volume of 6.77M shares, WORK reached to a volume of 6645859 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Slack Technologies Inc. [WORK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WORK shares is $42.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WORK stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Slack Technologies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 16, 2021. The new note on the price target was released on December 09, 2020, representing the official price target for Slack Technologies Inc. stock. Previously, the target price had yet another raise from $20 to $45, while Wedbush kept a Neutral rating on WORK stock.

The Average True Range (ATR) for Slack Technologies Inc. is set at 0.53, with the Price to Sales ratio for WORK stock in the period of the last 12 months amounting to 26.55. The Price to Book ratio for the last quarter was 28.83, with the Price to Cash per share for the same quarter was set at 2.77. Price to Free Cash Flow for WORK in the course of the last twelve months was 385.24 with Quick ratio for the last quarter at 2.70.

Trading performance analysis for WORK stock

Slack Technologies Inc. [WORK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.75. With this latest performance, WORK shares gained by 2.85% in over the last four-week period, additionally plugging by 31.52% over the last 6 months – not to mention a rise of 65.13% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WORK stock in for the last two-week period is set at 55.79, with the RSI for the last a single of trading hit 57.49, and the three-weeks RSI is set at 54.26 for Slack Technologies Inc. [WORK]. The present Moving Average for the last 50 days of trading for this stock 41.65, while it was recorded at 42.00 for the last single week of trading, and 35.17 for the last 200 days.

Slack Technologies Inc. [WORK]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Slack Technologies Inc. [WORK] shares currently have an operating margin of -31.20 and a Gross Margin at +86.52. Slack Technologies Inc.’s Net Margin is presently recorded at -33.28.

Return on Total Capital for WORK is now -20.71, given the latest momentum, and Return on Invested Capital for the company is -22.96. Return on Equity for this stock declined to -38.92, with Return on Assets sitting at -15.50. When it comes to the capital structure of this company, Slack Technologies Inc. [WORK] has a Total Debt to Total Equity ratio set at 109.20. Additionally, WORK Total Debt to Total Capital is recorded at 52.20, with Total Debt to Total Assets ending up at 37.46. Long-Term Debt to Equity for the company is recorded at 105.02, with the Long-Term Debt to Total Capital now at 50.20.

Reflecting on the efficiency of the workforce at the company, Slack Technologies Inc. [WORK] managed to generate an average of -$118,044 per employee. Receivables Turnover for the company is 4.71 with a Total Asset Turnover recorded at a value of 0.47.Slack Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.70 and a Current Ratio set at 2.70.

Slack Technologies Inc. [WORK]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Slack Technologies Inc. posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 66.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WORK.

An analysis of insider ownership at Slack Technologies Inc. [WORK]

There are presently around $15,603 million, or 74.70% of WORK stock, in the hands of institutional investors. The top three institutional holders of WORK stocks are: VANGUARD GROUP INC with ownership of 41,802,676, which is approximately 11.273% of the company’s market cap and around 0.60% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 28,108,301 shares of the stock with an approximate value of $1.18 billion in WORK stocks shares; and BLACKROCK INC., currently with $997.58 million in WORK stock with ownership of nearly 11.382% of the company’s market capitalization.

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Positions in Slack Technologies Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 337 institutional holders increased their position in Slack Technologies Inc. [NYSE:WORK] by around 164,080,818 shares. Additionally, 290 investors decreased positions by around 208,614,154 shares, while 58 investors held positions by with 500,083 shares. The mentioned changes placed institutional holdings at 373,195,055 shares, according to the latest SEC report filing. WORK stock had 213 new institutional investments in for a total of 104,893,231 shares, while 109 institutional investors sold positions of 25,104,479 shares during the same period.

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