Workday Inc [WDAY] stock is trading at $269.08, up 0.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WDAY shares have lost -1.66% over the last week, with a monthly amount glided 0.88%, and 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.
Workday Inc [WDAY] stock has fluctuated 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 $269.08 at the most recent close of the market. An investor can expect a potential drop of -9.28% based on the average WDAY price forecast.
Analyzing the WDAY fundamentals
Workday Inc [NASDAQ:WDAY] reported sales of 7.20B for the trailing twelve months, which represents a growth 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 266.85 points at the first support level, and at 264.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 273.53, and for the 2nd resistance point, it is at 277.99.
Ratios To Look Out For
For context, Workday Inc’s Current Ratio is 1.92. As well, the Quick Ratio is 1.92, while the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 9.87, the price to book ratio is 8.78 and price to earnings (TTM) ratio is 52.31.
Transactions by insiders
Recent insider trading involved DUFFIELD DAVID A, 10% Owner, that happened on Apr 01 ’24 when 64162.0 shares were sold. 10% Owner, DUFFIELD DAVID A completed a deal on Apr 01 ’24 to sell 56000.0 shares. Meanwhile, 10% Owner DUFFIELD DAVID A sold 56000.0 shares on Mar 22 ’24.
