Slack Technologies, Inc. (NYSE:WORK) has seen 3,343,326 shares traded in the recent trading session. The company, currently valued at $17.5 Billion, closed the recent trade at $31.04 per share which meant it gained $0.1 on the day or 0.55% during that session. The WORK stock price is -29.09% off its 52-week high price of $40.07 and 51.35% above the 52-week low of $15.1. If we look at the company’s 10-day average daily trading volume, we find that it stood at 25.08 Million shares traded. The 3-month trading volume is 19.39 Million shares.
The consensus among analysts is that Slack Technologies, Inc. (WORK) is an Overweight stock at the moment, with a recommendation rating of 2.5. 4 analysts rate the stock as a Sell, while 2 rate it as Overweight. 8 out of 24 have rated it as a Hold, with 10 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.03.
Slack Technologies, Inc. (NYSE:WORK) trade information
Sporting 0.62% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the WORK stock price touched $34.27- or saw a rise of 8.83%. Year-to-date, Slack Technologies, Inc. shares have moved 39.01%, while the 5-day performance has seen it change -8.2%. Over the past 30 days, the shares of Slack Technologies, Inc. (NYSE:WORK) have changed -10.84%. Short interest in the company has seen 44.34 Million shares shorted with days to cover at 2.29.
Wall Street analysts have a consensus price target for the stock at $33.95, which means that the shares’ value could jump 9.38% from current levels. The projected low price target is $20 while the price target rests at a high of $45. In that case, then, we find that the current price level is +44.97% off the targeted high while a plunge would see the stock lose -35.57% from current levels.
Slack Technologies, Inc. (WORK) estimates and forecasts
Figures show that Slack Technologies, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +40.32% over the past 6 months, with this year growth rate of -39.29%, compared to 8.8% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 78.6% and -150% for the next quarter. Revenue growth from the last financial year stood is estimated to be +38.2%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest -268.8% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Slack Technologies, Inc. (NYSE:WORK)’s Major holders
Insiders own 0.39% of the company shares, while shares held by institutions stand at 65.68% with a share float percentage of 65.93%. Investors are also buoyed by the number of investors in a company, with Slack Technologies, Inc. having a total of 396 institutions that hold shares in the company. The top two institutional holders are Morgan Stanley with over 57.9 Million shares worth more than $1.55 Billion. As of March 30, 2020, Morgan Stanley held 13.61% of shares outstanding.
The other major institutional holder is Price (T.Rowe) Associates Inc, with the holding of over 37.98 Million shares as of March 30, 2020. The firm’s total holdings are worth over $1.02 Billion and represent 8.93% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Morgan Stanley Inst Fd Inc-Growth Port and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 3.22% shares in the company for having 13686173 shares of worth $367.34 Million while later fund manager owns 6.86 Million shares of worth $184.18 Million as of March 30, 2020, which makes it owner of about 1.61% of company’s outstanding stock.