Workiva Stock Actually Gained 27% in the Second Half of 2022. Is the Worst Over?
At one point in 2022, shares of software company Workiva (NYSE: WK) were down 62% from their all-time high. As of this writing, however, Workiva stock is only down 46% from its high because it gained 27% in the second half of the year, according to data provided by S&P Global Market Intelligence.
Do recent gains means the worst is over for Workiva stock? As we'll see, the answer is more complicated than you might expect.
Workiva helps businesses generate reports that are used for regulatory compliance purposes. Over the last six months, Workiva has reported financial results twice -- in August for the second quarter of 2022 and in November for the third quarter. The company beat expectations in both reports. But these events weren't the biggest catalysts for Workiva stock as the chart below shows.
Source Fool.com
