The stock of Workday Inc (NASDAQ: WDAY) has increased by 4.37 when compared to last closing price of 241.25.Despite this, the company has seen a gain of 5.67% in its stock price over the last five trading days. fool.com reported 2024-11-05 that Workday’s strengths, management, and financials-all in 12 minutes or less!
Is It Worth Investing in Workday Inc (NASDAQ: WDAY) Right Now?
Workday Inc (NASDAQ: WDAY) has a price-to-earnings ratio of 43.91x that is above its average ratio. Additionally, the 36-month beta value for WDAY is 1.34. 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 209.81M and currently, short sellers hold a 2.10% ratio of that float. The average trading volume of WDAY on November 07, 2024 was 1.96M shares.
WDAY’s Market Performance
WDAY’s stock has seen a 5.67% increase for the week, with a 5.15% rise in the past month and a 18.67% gain in the past quarter. The volatility ratio for the week is 2.51%, and the volatility levels for the past 30 days are at 2.18% for Workday Inc The simple moving average for the last 20 days is 4.32% for WDAY’s stock, with a simple moving average of 0.77% for the last 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 2.39% 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 -19.11% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares surge +4.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.87% lower at present.
During the last 5 trading sessions, WDAY rose by +5.67%, which changed the moving average for the period of 200-days by -13.57% in comparison to the 20-day moving average, which settled at $241.37. In addition, Workday Inc saw -8.79% 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 $242.01 back on Oct 14 ’24. After this action, DUFFIELD DAVID A now owns 281,000 shares of Workday Inc, valued at $13,552,624 using the latest closing price.
Frederick Wayne A.I., the Director of Workday Inc, sale 1,828 shares at $241.85 during a trade that took place back on Oct 11 ’24, which means that Frederick Wayne A.I. is holding 8,674 shares at $442,106 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 8.76. 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 conclusion, Workday Inc (WDAY) has seen better 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.
