Workday Inc [WDAY] stock prices are up 1.16% to $276.41 at the moment. 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 2.48% over the last week, with a monthly amount drifted -8.47%, and not seem to be holding up well over a long-time horizon.
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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.
The stock price of Workday Inc [WDAY] has been fluctuating between $174.25 and $311.28 over the past year. Currently, Wall Street analysts expect the stock to reach $244.1 within the next 12 months. Workday Inc [NASDAQ: WDAY] shares were valued at $276.41 at the most recent close of the market. An investor can expect a potential drop of -11.69% based on the average WDAY price forecast.
Analyzing the WDAY fundamentals
The Workday Inc [NASDAQ:WDAY] reported sales of 7.20B for trailing twelve months, representing a surge of 16.78%. 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 272.47 points at the first support level, and at 268.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 278.75, and for the 2nd resistance point, it is at 281.09.
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
It’s worth pointing out that Workday Inc [NASDAQ:WDAY]’s Current Ratio 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 10.14, the price to book ratio is 9.02 and price to earnings (TTM) ratio is 53.74.
Transactions by insiders
Recent insider trading involved DUFFIELD DAVID A, 10% Owner, that happened on Mar 18 ’24 when 57000.0 shares were sold. 10% Owner, DUFFIELD DAVID A completed a deal on Mar 15 ’24 to sell 64329.0 shares. Meanwhile, Director STILL GEORGE J JR sold 5000.0 shares on Mar 12 ’24.
