Workiva Inc. | WK

Daily Technical Analysis of Workiva Inc.

Workiva is up a bit on the day, funds flowing in kept the price up 1.39% since yesterday. It looks like WK may be interacting with an upward sloping support line. These can create nice entry points since it can have both momentum and support. In addition to being near an angled support line WK is near a weak support line. We'll see if it bounces off or heads lower. Momentum wise Workiva, hasn't been very high in either direction over the last 3 month. So hard to say what it will do here.

If the price bounces off of the support and moves up it'll probably head up to the $84.36 level, at which point it may hit some selling pressure. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Workiva By Price Target And Rating

The analysts are pretty neutral on Workiva right now, so not much useful information here. The current Analysts Sentiment Score is 0.22. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-02-21 Stifel Nicolaus lowered their price target by -7.61% to $85.00. BMO Capital Markets provided a price target decease of -8.13% to $113.00 from $123.00 on 2024-02-21. Robert W. Baird provided a price target boost of 7.2% to $134.00 from $125.00 on 2023-09-20. On 2023-08-28 Wolfe Research started covering Workiva with a rating of Outperform and added a price target of $120.00. Northland Securities gave a boost to their price target and moved to $115.00 from $90.00 on 2023-08-04. On 2023-08-04 The Goldman Sachs Group increased their price target by 12.04% to $121.00. Truist Financial decided to move up their price target on 2023-05-03 to $110.00 which is a 10% increase. On 2023-02-22 Citigroup increased their price target by 6.93% to $108.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Workiva

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Workiva

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.