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Slack Technologies (NYSE:WORK) is a software company that provides instant messaging and virtual collaboration software for workplaces all over the world. The platform allows employees to chat and collaborate with each other in real time, instead of relying on email.
You can have direct conversations with one other person or several people in a group message, as well as create team or project-specific channels for easy, effective and fast communication between co-workers. The use of emojis and icons means employees can react to and vote on different ideas or concepts virtually. You can also make video calls via the Slack platform, similar to Facebook Messenger.
How to buy shares in Slack
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Slack. Find the share by name or ticker symbol: WORK. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Slack reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$28.62, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Slack, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Slack. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
How has coronavirus impacted Slack's share price?
Since the stock market crash in March caused by coronavirus, Slack's share price has had significant positive movement.
Its last market close was US$28.62, which is 0.63% up on its pre-crash value of US$28.44 and 89.54% up on the lowest point reached during the March crash when the shares fell as low as US$15.1.
If you had bought US$1,000 worth of Slack shares at the start of February 2020, those shares would have been worth US$1,179.59 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth US$1,364.03.
Slack share priceUse our graph to track the performance of WORK stocks over time.
Slack shares at a glance
|52-week range||US$15.1 - US$44.15|
|50-day moving average||US$42.3421|
|200-day moving average||US$32.203|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||US$-2.558|
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Is it a good time to buy Slack stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Slack price performance over time
|1 week (2021-01-07)||-32.05%|
|1 month (2020-12-17)||-32.72%|
|3 months (2020-10-16)||-11.26%|
|6 months (2020-07-17)||-10.87%|
|1 year (2020-01-16)||24.60%|
|2 years (2019-01-13)||N/A|
|3 years (2018-01-13)||N/A|
|5 years (2016-01-13)||N/A|
|Revenue TTM||US$833.9 million|
|Gross profit TTM||US$533.2 million|
|Return on assets TTM||-9.51%|
|Return on equity TTM||-36.97%|
|Market capitalisation||US$24.4 billion|
TTM: trailing 12 months
Shorting Slack shares
There are currently 37.8 million Slack shares held short by investors – that's known as Slack's "short interest". This figure is 31.2% down from 55.0 million last month.
There are a few different ways that this level of interest in shorting Slack shares can be evaluated.
Slack's "short interest ratio" (SIR)
Slack's "short interest ratio" (SIR) is the quantity of Slack shares currently shorted divided by the average quantity of Slack shares traded daily (recently around 30.0 million). Slack's SIR currently stands at 1.26. In other words for every 100,000 Slack shares traded daily on the market, roughly 1260 shares are currently held short.
However Slack's short interest can also be evaluated against the total number of Slack shares, or, against the total number of tradable Slack shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Slack's short interest could be expressed as 0.07% of the outstanding shares (for every 100,000 Slack shares in existence, roughly 70 shares are currently held short) or 0.0882% of the tradable shares (for every 100,000 tradable Slack shares, roughly 88 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Slack.
Find out more about how you can short Slack stock.
Slack share dividends
We're not expecting Slack to pay a dividend over the next 12 months.
Have Slack's shares ever split?
Slack's shares were split on a 2:3 basis on 12 March 2015. So if you had owned 3 shares the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Slack shares – just the quantity. However, indirectly, the new 50% higher share price could have impacted the market appetite for Slack shares which in turn could have impacted Slack's share price.
Slack Technologies, Inc. operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc. and changed its name to Slack Technologies, Inc. in 2014. Slack Technologies, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
Frequently asked questions
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