Workday Inc [WDAY] stock is trading at $279.91, up 5.06%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WDAY shares have gain 11.31% over the last week, with a monthly amount glided 8.50%, 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.
Workday Inc [WDAY] stock has fluctuated between $199.81 and $311.28 over the past year. Currently, Wall Street analysts expect the stock to reach $289.5 within the next 12 months. Workday Inc [NASDAQ: WDAY] shares were valued at $279.91 at the most recent close of the market. An investor can expect a potential return of 3.43% based on the average WDAY price forecast.
Analyzing the WDAY fundamentals
Workday Inc [NASDAQ:WDAY] reported sales of 8.13B for the trailing twelve months, which represents a growth of 16.75%. Gross Profit Margin for this corporation currently stands at 0.78% 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 274.26 points at the first support level, and at 268.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 289.78, and for the 2nd resistance point, it is at 299.65.
Ratios To Look Out For
For context, Workday Inc’s Current Ratio is 2.00. Further, the Quick Ratio stands at 1.99, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 9.32, the price to book ratio is 8.92 and price to earnings (TTM) ratio is 46.44.
Transactions by insiders
Recent insider trading involved James Bozzini, Director, that happened on Dec 09 ’24 when 18696.0 shares were purchased. 10% Owner, DUFFIELD DAVID A completed a deal on Dec 02 ’24 to sell 70003.0 shares. Meanwhile, President, Prod. and Tech. Chakraborty Sayan sold 5498.0 shares on Nov 29 ’24.
