Workday Inc [WDAY] stock prices are up 0.60% to $268.47 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WDAY shares have lost -0.23% over the last week, with a monthly amount drifted -1.01%, and not seem to be holding up well over a long-time horizon.
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On 11, April 2024, Randstad Selects Workday for Global Finance, HR, and Talent Solutions. In a post published today on Yahoo Finance, Companies Also to Explore Mutual Service Offering to Provide Businesses Around the World With Greater Access to Talent Management Tools.
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 $268.47 at the most recent close of the market. An investor can expect a potential drop of -9.08% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
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 265.66 points at the first support level, and at 262.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 270.48, and for the 2nd resistance point, it is at 272.49.
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. In addition, the Quick Ratio stands at 1.92 and the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 9.85, the price to book ratio is 8.77 and price to earnings (TTM) ratio is 52.19.
Transactions by insiders
Recent insider trading involved DUFFIELD DAVID A, 10% Owner, that happened on Apr 08 ’24 when 65221.0 shares were sold. Co-President, Chakraborty Sayan completed a deal on Apr 08 ’24 to sell 15065.0 shares. Meanwhile, Chief Legal Officer & Secty Sauer Richard Harry sold 8447.0 shares on Apr 08 ’24.
