The stock price of Workday Inc (NASDAQ: WDAY) has dropped by -0.44 compared to previous close of 249.21. Despite this, the company has seen a fall of -2.92% in its stock price over the last five trading days. globenewswire.com reported 2024-09-17 that Systics, an exciting, new business venture founded by experienced Workday consultants, is set to unveil their highly-advanced, state-of-the-art technology.
Is It Worth Investing in Workday Inc (NASDAQ: WDAY) Right Now?
The price-to-earnings ratio for Workday Inc (NASDAQ: WDAY) is above average at 43.27x. The 36-month beta value for WDAY is also noteworthy at 1.35. 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.”
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The public float for WDAY is 209.60M, and at present, short sellers hold a 2.33% of that float. The average trading volume of WDAY on September 18, 2024 was 2.18M shares.
WDAY’s Market Performance
The stock of Workday Inc (WDAY) has seen a -2.92% decrease in the past week, with a 7.07% rise in the past month, and a 16.78% gain in the past quarter. The volatility ratio for the week is 2.41%, and the volatility levels for the past 30 days are at 2.23% for WDAY. The simple moving average for the past 20 days is -1.64% for WDAY’s stock, with a -3.04% simple moving average for the past 200 days.
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 5.60% 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 -20.29% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares surge +6.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.53% upper at present.
During the last 5 trading sessions, WDAY fell by -2.92%, which changed the moving average for the period of 200-days by -5.83% in comparison to the 20-day moving average, which settled at $253.02. In addition, Workday Inc saw -10.12% 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 69,986 shares at the price of $250.05 back on Sep 16 ’24. After this action, THE DAVID A DUFFIELD TRUST U/T now owns shares of Workday Inc, valued at $17,499,999 using the latest closing price.
STILL GEORGE J JR, the Director of Workday Inc, sale 7,500 shares at $255.45 during a trade that took place back on Sep 05 ’24, which means that STILL GEORGE J JR is holding 90,000 shares at $1,915,895 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 8.64. 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
In summary, Workday Inc (WDAY) has had a mixed 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.
