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As of close of business last night, Workiva Inc’s stock clocked out at $72.70, down -2.28% from its previous closing price of $74.40. In other words, the price has decreased by -$2.28 from its previous closing price. On the day, 0.55 million shares were traded. WK stock price reached its highest trading level at $75.31 during the session, while it also had its lowest trading level at $72.3001.
Ratios:
To gain a deeper understanding of WK’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.27. For the most recent quarter (mrq), Quick Ratio is recorded 2.05 and its Current Ratio is at 2.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wolfe Research on August 28, 2023, initiated with a Outperform rating and assigned the stock a target price of $120.
On October 21, 2022, Goldman started tracking the stock assigning a Buy rating and target price of $101.
On September 01, 2022, Citigroup started tracking the stock assigning a Buy rating and target price of $86.Citigroup initiated its Buy rating on September 01, 2022, with a $86 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 08 ’24 when Hawkins Michael D. sold 3,435 shares for $81.46 per share. The transaction valued at 279,815 led to the insider holds 55,487 shares of the business.
Hawkins Michael D. sold 2,381 shares of WK for $206,837 on Feb 26 ’24. The EVP, Sales now owns 62,453 shares after completing the transaction at $86.87 per share. On Feb 02 ’24, another insider, Hawkins Michael D., who serves as the EVP, Sales of the company, sold 11,439 shares for $93.62 each. As a result, the insider received 1,070,919 and left with 62,453 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WK now has a Market Capitalization of 3985769984 and an Enterprise Value of 3939265536. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.08. Its current Enterprise Value per Revenue stands at 6.009 whereas that against EBITDA is -135.804.
Stock Price History:
Over the past 52 weeks, WK has reached a high of $116.00, while it has fallen to a 52-week low of $69.40. The 50-Day Moving Average of the stock is -5.04%, while the 200-Day Moving Average is calculated to be -16.92%.
Shares Statistics:
It appears that WK traded 356.78K shares on average per day over the past three months and 496833 shares per day over the past ten days. A total of 50.33M shares are outstanding, with a floating share count of 48.40M. Insiders hold about 11.71% of the company’s shares, while institutions hold 86.68% stake in the company. Shares short for WK as of 1719532800 were 3406639 with a Short Ratio of 9.55, compared to 1717113600 on 3401038. Therefore, it implies a Short% of Shares Outstanding of 3406639 and a Short% of Float of 6.800000000000001.
