Workday Inc [WDAY] stock prices are down -1.91% to $242.04 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 gain 0.76% over the last week, with a monthly amount drifted -1.99%, 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 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.
The stock price of Workday Inc [WDAY] has been fluctuating between $199.81 and $311.28 over the past year. Currently, Wall Street analysts expect the stock to reach $270.91 within the next 12 months. Workday Inc [NASDAQ: WDAY] shares were valued at $242.04 at the most recent close of the market. An investor can expect a potential return of 11.93% based on the average WDAY price forecast.
Analyzing the WDAY fundamentals
The Workday Inc [NASDAQ:WDAY] reported sales of 7.82B for trailing twelve months, representing a surge of 17.38%. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.07%, 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 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
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 240.05 points at the first support level, and at 238.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 245.52, and for the 2nd resistance point, it is at 248.99.
Ratios To Look Out For
It’s worth pointing out that Workday Inc [NASDAQ:WDAY]’s Current Ratio is 1.99. In addition, the Quick Ratio stands at 1.99 and the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 8.23, the price to book ratio is 7.72 and price to earnings (TTM) ratio is 42.21.
Transactions by insiders
Recent insider trading involved DUFFIELD DAVID A, 10% Owner, that happened on Oct 14 ’24 when 56000.0 shares were sold. Director, Frederick Wayne A.I. completed a deal on Oct 11 ’24 to sell 1828.0 shares. Meanwhile, 10% Owner DAVE & CHERYL DUFFIELD FOUNDAT bought 56000.0 shares on Oct 14 ’24.
