At the time of writing, Workday Inc [WDAY] stock is trading at $262.70, down -2.29%. An important factor to consider is whether the stock is rising or falling in short-term value. The WDAY shares have gain 3.67% over the last week, with a monthly amount glided 8.89%, 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 November 27, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $270 from $285. Previously, Scotiabank started tracking the stock with Sector Outperform rating on November 19, 2024, and set its price target to $340. On May 24, 2024, BMO Capital Markets reiterated its Outperform rating and revised its price target to $300 on the stock. Needham reiterated its Buy rating and increased its price target to $350 on February 27, 2024. In a note dated November 29, 2023, BMO Capital Markets reiterated an Outperform rating on this stock and boosted its target price from $260 to $290.
For the past year, the stock price of Workday Inc fluctuated between $199.81 and $311.28. Currently, Wall Street analysts expect the stock to reach $289.5 within the next 12 months. Workday Inc [NASDAQ: WDAY] shares were valued at $262.70 at the most recent close of the market. An investor can expect a potential return of 10.2% based on the average WDAY price forecast.
Analyzing the WDAY fundamentals
According to Workday Inc [NASDAQ:WDAY], the company’s sales were 8.13B for trailing twelve months, which represents an 16.75% jump. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.2 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 260.60 points at the first support level, and at 258.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 266.65, and for the 2nd resistance point, it is at 270.60.
Ratios To Look Out For
It is important to note that Workday Inc [NASDAQ:WDAY] has a current ratio of 2.00. On the other hand, the Quick Ratio is 1.99, and the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 8.60, the price to book ratio is 8.37 and price to earnings (TTM) ratio is 43.58.
Transactions by insiders
Recent insider trading involved DUFFIELD DAVID A, 10% Owner, that happened on Dec 02 ’24 when 70003.0 shares were sold. President, Prod. and Tech., Chakraborty Sayan completed a deal on Nov 29 ’24 to sell 5498.0 shares. Meanwhile, 10% Owner THE DAVID A DUFFIELD TRUST U/T bought 70003.0 shares on Dec 02 ’24.
