At the time of writing, Workday Inc [WDAY] stock is trading at $273.67, down -0.42%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WDAY shares have gain 2.72% over the last week, with a monthly amount drifted -1.03%, 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 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 $273.67 at the most recent close of the market. An investor can expect a potential return of 5.78% 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 0.78% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 271.05 points at the first support level, and at 268.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 275.79, and for the 2nd resistance point, it is at 277.92.
Ratios To Look Out For
It is important to note that Workday Inc [NASDAQ:WDAY] has a current ratio of 2.00. As well, the Quick Ratio is 1.99, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 8.95, the price to book ratio is 8.72 and price to earnings (TTM) ratio is 45.40.
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.
