During the recent session, Slack Technologies, Inc. (NYSE:WORK)’s traded shares were 3,675,872, with the beta value of the company hitting 0. At the last check, the stock’s price was $41.69, reflecting an intraday gain of 0.47% or $0.19. The 52-week high for the WORK share is $44.57, that puts it down -6.91% from that peak though still a striking +45.02% gain since the share price plummeted to a 52-week low of $22.92. The company’s market capitalization is $24.25 Billion, and the average intraday trading volume over the past 10 days was 3.82 Million shares, and the average trade volume was 7.52 Million shares over the past three months.
Slack Technologies, Inc. (WORK) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.8. WORK has a Sell rating from none of the analyst(s) out of 11 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 1 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.02.
Slack Technologies, Inc. (NYSE:WORK): Trading Information
Slack Technologies, Inc. (WORK) registered a 0.47% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.64% in intraday trading to $41.99 this Thursday, Apr 08, hitting a weekly high. The stock’s 5-day price performance is 2.69%, and it has moved by 4.22% in 30 days. Based on these gigs, the overall price performance for the year is -1.23%. The short interest in Slack Technologies, Inc. (NYSE:WORK) is 48.63 Million shares and it means that shorts have 6.47 day(s) to cover.
The consensus price target of analysts on Wall Street is $42.88, which implies an increase of 2.85% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $30 and $46 respectively. As a result, WORK is trading at a discount of 10.34% off the target high and -28.04% off the low.
Slack Technologies, Inc. (WORK) projections and forecasts
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return 48.5% in 2021, the next five years will return 0% per annum.
Slack Technologies, Inc. (NYSE:WORK)’s Biggest Investors
Slack Technologies, Inc. insiders own 1.11% of total outstanding shares while institutional holders control 74.73%, with the float percentage being 75.57%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 783 institutions own stock in it. As of Dec 30, 2020, the company held over 41.8 Million shares (or 8.34% of all shares), a total value of $1.77 Billion in shares.
The next largest institutional holding, with 28.11 Million shares, is of Price (T.Rowe) Associates Inc’s that is approximately 5.6% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $1.19 Billion.
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Also, the Mutual Funds coming in first place with the largest holdings of Slack Technologies, Inc. (WORK) shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 12,927,809 shares. This amounts to just over 2.58 percent of the company’s overall shares, with a $546.07 Million market value. The same data shows that the other fund manager holds slightly less at 10.37 Million, or about 2.07% of the stock, which is worth about $438.12 Million.