While Workiva Inc has underperformed by -1.36%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WK rose by 2.04%, with highs and lows ranging from $116.83 to $65.47, whereas the simple moving average jumped by 17.44% in the last 200 days.
On January 03, 2025, Raymond James Upgraded Workiva Inc (NYSE: WK) to Outperform. A report published by Stifel on December 18, 2024, Upgraded its rating to ‘Buy’ for WK. BMO Capital Markets also reiterated WK shares as ‘Outperform’, quoting a target price of $104 on the company’s shares in a report dated November 07, 2024. Wolfe Research Initiated an Outperform rating on August 28, 2023, and assigned a price target of $120. Goldman initiated its ‘Buy’ rating for WK, as published in its report on October 21, 2022. Citigroup’s report from September 01, 2022 suggests a price prediction of $86 for WK shares, giving the stock a ‘Buy’ rating. Stifel also rated the stock as ‘Hold’.
Analysis of Workiva Inc (WK)
Further, the quarter-over-quarter increase in sales is 17.35%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Workiva Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 1.75, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and WK is recording an average volume of 542.16K. On a monthly basis, the volatility of the stock is set at 4.48%, whereas on a weekly basis, it is put at 4.61%, with a loss of -0.97% over the past seven days. Furthermore, long-term investors anticipate a median target price of $123.44, showing growth from the present price of $99.10, which can serve as yet another indication of whether WK is worth investing in or should be passed over.
How Do You Analyze Workiva Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 11.78%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 78.96% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WK shares are owned by institutional investors to the tune of 78.96% at present.
