Slack Technologies, Inc. (NYSE:WORK) traded at $30.72 at last check on Monday, June 29, making a downturn move of -5.23% on its previous day’s price.
Looking at the stock we see that its previous close was $32.53 with the day’s price range being $30.15 – 32.30. In terms of its 52-week price range, WORK has a high of $40.07 and a low of $15.1. The company’s stock has gained about -0.03% over that past 30 days.
On the other hand, looking at the outlook for the WORK stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the WORK stock currently stands at 0, and the current price level is -8.18% off its SMA20 and -0.71% from its 50-day simple moving average. The RSI (14) is pointing at 45.57 while the volatility over the past week is 5.4% and jumps to 6.06% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 2. The average price target for the stock over the next 12 months is $33.95, with the estimates having a low of $20 and a high of $45. These price ends are -34.9% and +46.48% off the current price level respectively, although investors could be excited at the prospect of a +17.19% if the WORK share price touches on the median price of $36.
Let’s briefly compare Slack (WORK) stock to its peers. We find that today’s price change of -5.23% and -10.26% over the past 12 months for WORK competes that of Spotify Technology S.A. (SPOT), which has seen its stock price rise 0.51% in the latest trading session and is +84.96% over the last one year. Another of its peers Thomson Reuters Corp (TRI) has climbed 0.87% today, and is +3.77% up over the past year, while Docusign Inc (DOCU) is also down -5.23% yet its price remains in the red at -10.26% over the same period. Spotify has a P/E ratio of 0 compared to Slack’s 0 and Thomson’s 74.55. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.81% and 1.11%, respectively, in early deals.
Coming back to Slack Technologies, Inc. (NYSE:WORK), we note that the average 3-month trading volume was 19.37 Million, while that of the preceding 10-day period stands at 28.66 Million. Current shares outstanding are 432.6 Million.
According to data from Thomson Reuters, insiders hold 0.39% of the company’s shares while institutions hold 65.68%. The data shows that short shares as of June 14, 2020, stood at 44.34 Million at a short ratio of 1.81. This represents a 7.87% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 30.29 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +44.71% up in year-to-date price movement.