Alert: Negative Investment/Fundamental Signals (2/26/24)-Workiva Inc (NYSE: WK)

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Recent important negative changes in fundamentals have impacted Workiva Inc (NYSE: WK): the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.

Workiva Inc (NYSE: WK) suffers from notable negative changes in investment behavior: its longer term price trend turned down.

The stock is currently unrated.

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Current PriceTarget Research Rating

WK’s future returns on capital are forecasted to fall short of the cost of capital. Accordingly, the company is expected to be a major Value Eraser.

Workiva is currently unrated.

Recent Price Action

Workiva Inc (NYSE: WK) stock declined by -2.8% on 2/26/24. The shares closed at $84.98. Moreover, this decline was accompanied by unusually high trading volume at 188% of normal. The stock has been weak relative to the market over the last nine months and has declined -9.7% during the last week.

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