At the time of writing, Workday Inc [WDAY] stock is trading at $229.13, up 1.59%. 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 2.58% over the last week, with a monthly amount glided 8.53%, 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 May 24, 2024, when BMO Capital Markets reiterated its Outperform rating and also revised its price target to $300 from $338. Previously, Needham reaffirmed its Buy rating on February 27, 2024, and elevated its price target to $350. BMO Capital Markets reiterated its recommendation of a Outperform and raised its price target to $290 on November 29, 2023. Needham reiterated a Buy rating for this stock on August 25, 2023, and upped its price target to $250. In a note dated June 28, 2023, RBC Capital Mkts initiated an Outperform rating and provided a target price of $275 on this stock.
For the past year, the stock price of Workday Inc fluctuated between $202.01 and $311.28. Currently, Wall Street analysts expect the stock to reach $257.56 within the next 12 months. Workday Inc [NASDAQ: WDAY] shares were valued at $229.13 at the most recent close of the market. An investor can expect a potential return of 12.41% based on the average WDAY price forecast.
Analyzing the WDAY fundamentals
According to Workday Inc [NASDAQ:WDAY], the company’s sales were 7.51B for trailing twelve months, which represents an 18.83% jump. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.2 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 225.64 points at the first support level, and at 222.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 230.98, and for the 2nd resistance point, it is at 232.84.
Ratios To Look Out For
It is important to note that Workday Inc [NASDAQ:WDAY] has a current ratio of 1.95. Also, the Quick Ratio is 1.95, while the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 8.08, the price to book ratio is 7.44 and price to earnings (TTM) ratio is 41.37.
Transactions by insiders
Recent insider trading involved DUFFIELD DAVID A, 10% Owner, that happened on Jul 01 ’24 when 78279.0 shares were sold. 10% Owner, DUFFIELD DAVID A completed a deal on Jun 28 ’24 to sell 56000.0 shares. Meanwhile, 10% Owner DUFFIELD DAVID A sold 56000.0 shares on Jun 21 ’24.
