How to Buy Workiva Stock
Workiva Inc
Workiva is a app company located in Iowa, United States, which is part of the Technology sector, and is traded under the ticker WK on the NYSE exchange.
Workiva stock last closed at $94.41, up 2.69% from the previous day, and has increased 34.05% in one year. It has overperformed other stocks in the Software - Application industry by 0.39 percentage points. Workiva stock is currently +58.86% from its 52-week low of $59.43, and -9.88% from its 52-week high of $104.76.
There are currently 53.39M shares of WK outstanding. The market value of WK is $5.04B. In the last 24 hours, 204,746 WK shares were traded.
How to Buy Workiva Stock
Wondering how to invest in Workiva stock? Here's how.
- Choose where to buy Workiva stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Workiva stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Pick your payment method and add your details.
- Analyze Workiva stock: The Workiva ticker symbol is WK. Is Workiva stock a good investment? Should you buy shares of WK? How do WK's underlying business fundamentals look? Do top analysts think Workiva is a good buy? Why has WK's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if WK is a good stock to buy).
- Make your WK buy order: Decide if you will purchase WK shares at the current market price or use a limit order to purchase WK shares at a specific price.
- Get notifications regarding your investment in WK: Create a watchlist to track your investment in Workiva stock.
Step 1: Choose where to buy Workiva stock
You need an online brokerage account in order to access the NYSE market and buy WK shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Technology to Utilities, New York to Tokyo — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal details so you are able to buy WK today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal data to start your new brokerage account.
- Send your data by clicking the "Create Account" button.
Step 3: Deposit money your brokerage account
Now that you've opened your account on the highest rated stock app, you need to deposit funds:
Watch the tutorial below for more details depositing money into your new investment account.
Step 4: Analyze Workiva stock
After you have identified the best place to buy Workiva stock, it's absolutely critical to analyze their stock before you invest, so you truly understand the risk as well as the opportunity.
Workiva Metrics
Fundamentals of WK
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on WK's stock page.
Is WK stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge WK's true value.
Using relative valuations measures:
- WK may be overvalued based on its P/B ratio of 5,419.97x, relative to Software - Application industry P/B ratio of 5.46x
You can do more valuation analysis on WK's stock here.
WK Financial Health Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the WK balance sheet.
- There are more short-term assets than long-term liabilities on the WK balance sheet.
- Total WK debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- WK has a relatively high debt to equity ratio of 859.3.
- WK earnings of -$109.96M is not enough to cover its interest payments.
- WK profit margin has gone down from -10.4% to -21.2% in the past year.
- WK's operating cash flow of $17.83M allows it to safely service it's debt of $366.49M.
Is WK stock a Buy, Hold, or Sell, according to analysts?
Out of 4 sell side analysts who monitor WK, the consensus analyst rating on Workiva is a Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Latest WK Analyst Ratings
Terry Tillman, a top 21% analyst from Truist Securities maintains WK with a strong buy rating and raises their WK price target from $100.00 to $110.00, on May 3, 2023.
Brad Reback, a top 13% analyst from Stifel Nicolaus maintains WK with a hold rating and raises their WK price target from $77.00 to $83.00, on May 3, 2023.
Rob Oliver, a top 14% analyst from Baird maintains WK with a buy rating and raises their WK price target from $96.00 to $100.00, on Feb 22, 2023.
Daniel Jester, a top 18% analyst from BMO Capital maintains WK with a buy rating and raises their WK price target from $88.00 to $96.00, on Feb 22, 2023.
You can dig deeper into what analysts are projecting on the Workiva stock forecast page.
WK Technical Indicators
WK Growth Numbers
Last year, WK revenue was $558.39M. During the past 5 year, WK's revenue has gone up by 20.93% per year. This was slower than the Software - Application industry average of 33.51%.
Find out more about WK's earnings and revenue performance here.
Are WK insiders buying or selling the stock?
In the past 12 months, executives and large shareholders at WK have bought more shares than they have sold.
Michael D. Hawkins, EVP Sales of WK, was the latest WK insider to sell. They sold $332,491.70 worth of WK stock on May 22, 2023.
Dig into more about who owns WK shares here.
Can I rely on WK as an income stream?
No, Workiva doesn't provide an income stream by paying out dividends.
What others are saying about WK
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your WK buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular price limit, place a limit order.
Hit the Open Trade button and eToro will execute the order.
If you want more assistance buying stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your investment in WK
Now that you own some WK stock, you'll want to keep up with your new company.
Start a watchlist to track the latest developments regarding your WK stock.
WK Feed
How to Buy Stock in Workiva
To summarize, here are the 6 steps you need to take to buy Workiva stock right now:
- Choose where to buy Workiva stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Analyze Workiva stock
- Make your WK buy order
- Get notifications regarding your investment in WK
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Workiva, add WK to your watchlist by clicking the button below.
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