A share price of Workday Inc [WDAY] is currently trading at $272.04, up 0.86%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WDAY shares have gain 2.76% over the last week, with a monthly amount drifted -8.33%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 27, February 2024, Workday CEO to Present at the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2024. In a post published today on Yahoo Finance, Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced that Carl Eschenbach, CEO, Workday, will present at the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2024 at 8:45 a.m. Pacific Time / 11:45 a.m. Eastern Time. There will also be a live webcast of the event, available here.
From an analyst’s perspective:
Workday Inc [NASDAQ: WDAY] stock has seen the most recent analyst activity on February 27, 2024, when Needham reiterated its Buy rating and also boosted its price target to $350 from $300. BMO Capital Markets reiterated its Outperform rating and increased its price target to $290 on November 29, 2023. Needham reiterated its recommendation of a Buy and raised its price target to $250 on August 25, 2023. RBC Capital Mkts started tracking with a Outperform rating for this stock on June 28, 2023, and assigned it a price target of $275. In a note dated May 24, 2023, Exane BNP Paribas upgraded an Outperform rating on this stock but restated the target price of $235.
Workday Inc experienced fluctuations in its stock price throughout the past year between $174.25 and $311.28. Currently, Wall Street analysts expect the stock to reach $244.1 within the next 12 months. Workday Inc [NASDAQ: WDAY] shares were valued at $272.04 at the most recent close of the market. An investor can expect a potential drop of -10.27% based on the average WDAY price forecast.
Analyzing the WDAY fundamentals
Trailing Twelve Months sales for Workday Inc [NASDAQ:WDAY] were 7.20B which represents 16.78% growth. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.21 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 269.08 points at the first support level, and at 266.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 273.75, and for the 2nd resistance point, it is at 275.46.
Workday Inc [WDAY] reported earnings per share of $1.57 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.47/share, meaning a difference of $0.1 and a surprise factor of 6.80%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $1.53 per share as compared to estimates of $1.41 per share, a difference of $0.12 representing a surprise of 8.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Workday Inc [NASDAQ:WDAY] is 1.92. Also, the Quick Ratio is 1.92, while the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 9.98, the price to book ratio is 8.88 and price to earnings (TTM) ratio is 52.89.
Transactions by insiders
Recent insider trading involved STILL GEORGE J JR, Director, that happened on Mar 12 ’24 when 5000.0 shares were sold. Co-President, Robinson Douglas A. completed a deal on Mar 05 ’24 to sell 411.0 shares. Meanwhile, 10% Owner DUFFIELD DAVID A sold 59391.0 shares on Mar 01 ’24.
