The stock of Workday Inc (WDAY) has gone down by -0.73% for the week, with a 0.05% rise in the past month and a -3.25% drop in the past quarter. The volatility ratio for the week is 1.86%, and the volatility levels for the past 30 days are 1.82% for WDAY. The simple moving average for the last 20 days is -2.02% for WDAY stock, with a simple moving average of 6.30% for the last 200 days.
Is It Worth Investing in Workday Inc (NASDAQ: WDAY) Right Now?
Workday Inc (NASDAQ: WDAY) has a higher price-to-earnings ratio of 51.88x compared to its average ratio. WDAY has 36-month beta value of 1.31. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 5 as “overweight,” 22 as “hold,” and 4 as “sell.”
The public float for WDAY is 208.24M, and currently, short sellers hold a 1.95% ratio of that float. The average trading volume of WDAY on April 11, 2024 was 1.84M shares.
WDAY) stock’s latest price update
Workday Inc (NASDAQ: WDAY)’s stock price has plunge by -1.56relation to previous closing price of 271.10. Nevertheless, the company has seen a -0.73% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that In the most recent trading session, Workday (WDAY) closed at $271.10, indicating a +0.93% shift from the previous trading day.
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 -6.05% 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 -14.27% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares sank -1.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.07% lower at present.
During the last 5 trading sessions, WDAY fell by -0.73%, which changed the moving average for the period of 200-days by +20.07% in comparison to the 20-day moving average, which settled at $272.13. In addition, Workday Inc saw -3.33% 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 65,221 shares at the price of $268.29 back on Apr 08 ’24. After this action, DUFFIELD DAVID A now owns 102,997 shares of Workday Inc, valued at $17,498,081 using the latest closing price.
Chakraborty Sayan, the Co-President of Workday Inc, sale 15,065 shares at $268.27 during a trade that took place back on Apr 08 ’24, which means that Chakraborty Sayan is holding 88,205 shares at $4,041,530 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 9.81. 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
To put it simply, Workday Inc (WDAY) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
