In the past week, WDAY stock has gone down by -1.98%, with a monthly gain of 20.77% and a quarterly surge of 20.09%. The volatility ratio for the week is 1.93%, and the volatility levels for the last 30 days are 2.33% for Workday Inc The simple moving average for the last 20 days is 7.05% for WDAY stock, with a simple moving average of -0.02% for the last 200 days.
Is It Worth Investing in Workday Inc (NASDAQ: WDAY) Right Now?
Workday Inc (NASDAQ: WDAY) has a price-to-earnings ratio that is above its average at 44.49x. The stock has a 36-month beta value of 1.35. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 5 as “overweight,” 22 as “hold,” and 4 as “sell.”
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The public float for WDAY is 209.56M, and at present, short sellers hold a 2.47% of that float. On September 05, 2024, the average trading volume of WDAY was 2.24M shares.
WDAY) stock’s latest price update
Workday Inc (NASDAQ: WDAY)’s stock price has plunge by -1.34relation to previous closing price of 258.60. Nevertheless, the company has seen a -1.98% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-09-05 that Five cloud computing stocks with strong price upside potential are: DDOG, DOMO, OKTA, OLO, WDAY.
Analysts’ Opinion of WDAY
Many brokerage firms have already submitted their reports for WDAY stocks, with BMO Capital Markets repeating the rating for WDAY by listing it as a “Outperform.” The predicted price for WDAY in the upcoming period, according to BMO Capital Markets is $300 based on the research report published on May 24, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see WDAY reach a price target of $350, previously predicting the price at $300. The rating they have provided for WDAY stocks is “Buy” according to the report published on February 27th, 2024.
DA Davidson gave a rating of “Neutral” to WDAY, setting the target price at $300 in the report published on January 10th of the current year.
WDAY Trading at 10.83% 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 -18.04% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares surge +21.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.48% upper at present.
During the last 5 trading sessions, WDAY fell by -1.89%, which changed the moving average for the period of 200-days by +10.10% in comparison to the 20-day moving average, which settled at $240.60. In addition, Workday Inc saw -7.58% 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 THE DAVID A DUFFIELD TRUST U/T, who proposed sale 66,492 shares at the price of $263.19 back on Sep 03 ’24. After this action, THE DAVID A DUFFIELD TRUST U/T now owns shares of Workday Inc, valued at $17,500,029 using the latest closing price.
STILL GEORGE J JR, the Director of Workday Inc, sale 7,500 shares at $260.32 during a trade that took place back on Aug 26 ’24, which means that STILL GEORGE J JR is holding 97,500 shares at $1,952,398 based on the most recent closing price.
Stock Fundamentals for WDAY
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.76 for the gross margin
The net margin for Workday Inc stands at 0.2. The total capital return value is set at 0.03. Equity return is now at value 21.08, with 10.28 for asset returns.
Based on Workday Inc (WDAY), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.78. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 2.84.
Currently, EBITDA for the company is 403.0 million with net debt to EBITDA at 2.46. When we switch over and look at the enterprise to sales, we see a ratio of 8.84. The receivables turnover for the company is 6.07for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.
Conclusion
To sum up, Workday Inc (WDAY) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
