Workday Inc (WDAY) Beta Value: Understanding the Market Risk

The price-to-earnings ratio for Workday Inc (NASDAQ: WDAY) is above average at 52.81x. The 36-month beta value for WDAY is also noteworthy at 1.31. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 22 rating it as “hold,” and 4 rating it as “sell.”

The public float for WDAY is 208.16M, and at present, short sellers hold a 1.83% of that float. The average trading volume of WDAY on April 03, 2024 was 1.86M shares.

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WDAY) stock’s latest price update

Workday Inc (NASDAQ: WDAY)’s stock price has plunge by -0.29relation to previous closing price of 272.44. Nevertheless, the company has seen a -1.46% plunge in its stock price over the last five trading sessions. Business Insider reported 2024-04-01 that Daily work hours have decreased by nearly an hour since 2021, potentially impacting the economy, per a new study. Despite shorter workdays, efficiency remains flat and time spent collaborating has increased.

WDAY’s Market Performance

Workday Inc (WDAY) has seen a -1.46% fall in stock performance for the week, with a -6.94% decline in the past month and a -1.59% plunge in the past quarter. The volatility ratio for the week is 1.96%, and the volatility levels for the past 30 days are at 2.03% for WDAY. The simple moving average for the last 20 days is 0.03% for WDAY stock, with a simple moving average of 8.84% for the last 200 days.

Analysts’ Opinion of WDAY

Many brokerage firms have already submitted their reports for WDAY stocks, with Needham repeating the rating for WDAY by listing it as a “Buy.” The predicted price for WDAY in the upcoming period, according to Needham is $350 based on the research report published on February 27, 2024 of the current year 2024.

DA Davidson, on the other hand, stated in their research note that they expect to see WDAY reach a price target of $300. The rating they have provided for WDAY stocks is “Neutral” according to the report published on January 10th, 2024.

KeyBanc Capital Markets gave a rating of “Overweight” to WDAY, setting the target price at $310 in the report published on January 04th of the current year.

WDAY Trading at -5.23% from the 50-Day Moving Average

After a stumble in the market that brought WDAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.73% of loss for the given period.

Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares sank -0.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.32% lower at present.

During the last 5 trading sessions, WDAY fell by -1.46%, which changed the moving average for the period of 200-days by +25.01% in comparison to the 20-day moving average, which settled at $271.52. In addition, Workday Inc saw -1.59% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at WDAY starting from DUFFIELD DAVID A, who sale 56,000 shares at the price of $276.95 back on Mar 22 ’24. After this action, DUFFIELD DAVID A now owns 1,011,000 shares of Workday Inc, valued at $15,509,160 using the latest closing price.

DUFFIELD DAVID A, the 10% Owner of Workday Inc, sale 57,000 shares at $272.02 during a trade that took place back on Mar 18 ’24, which means that DUFFIELD DAVID A is holding 1,067,000 shares at $15,504,990 based on the most recent closing price.

Stock Fundamentals for WDAY

Current profitability levels for the company are sitting at:

  • 0.03 for the present operating margin
  • 0.76 for the gross margin

The net margin for Workday Inc stands at 0.19. The total capital return value is set at 0.02. Equity return is now at value 20.20, with 9.22 for asset returns.

Based on Workday Inc (WDAY), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.7. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 2.14.

Currently, EBITDA for the company is 465.0 million with net debt to EBITDA at 2.12. When we switch over and look at the enterprise to sales, we see a ratio of 9.98. The receivables turnover for the company is 4.43for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.92.

Conclusion

In summary, Workday Inc (WDAY) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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