In the past week, WDAY stock has gone down by -4.95%, with a monthly decline of -3.94% and a quarterly plunge of -8.26%. The volatility ratio for the week is 1.98%, and the volatility levels for the last 30 days are 1.88% for Workday Inc The simple moving average for the past 20 days is -4.99% for WDAY’s stock, with a 2.31% simple moving average for the past 200 days.
Is It Worth Investing in Workday Inc (NASDAQ: WDAY) Right Now?
Workday Inc (NASDAQ: WDAY) has a price-to-earnings ratio of 50.10x that is above its average ratio. Additionally, the 36-month beta value for WDAY is 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 207.36M and currently, short sellers hold a 1.95% ratio of that float. The average trading volume of WDAY on April 17, 2024 was 1.83M shares.
WDAY) stock’s latest price update
The stock price of Workday Inc (NASDAQ: WDAY) has plunged by -0.75 when compared to previous closing price of 259.63, but the company has seen a -4.95% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Randstad selects Workday’s (WDAY) AI native solution to drive efficiency in financial and human resources processes across enterprise operations.
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 -8.52% 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 -17.22% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -5.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.57% lower at present.
During the last 5 trading sessions, WDAY fell by -4.95%, which changed the moving average for the period of 200-days by +13.46% in comparison to the 20-day moving average, which settled at $270.47. In addition, Workday Inc saw -6.65% 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 $264.89 back on Apr 12 ’24. After this action, DUFFIELD DAVID A now owns 843,000 shares of Workday Inc, valued at $14,833,707 using the latest closing price.
DUFFIELD DAVID A, the 10% Owner of Workday Inc, sale 65,221 shares at $268.29 during a trade that took place back on Apr 08 ’24, which means that DUFFIELD DAVID A is holding 102,997 shares at $17,498,081 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 9.48. 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 conclusion, Workday Inc (WDAY) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
