Weekly Performance Analysis for Workday Inc. (WDAY)

Workday Inc. (NASDAQ:WDAY) saw an upside of 1.39% to close Tuesday at $257.19 after adding $3.52 on the day. The 5-day average trading volume is 1,071,760 shares of the company’s common stock. It has gained $262.20 in the past week. An average of 1,461,205 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,553,686.

WDAY’s 1-month performance is -3.94% or -$10.34 on its low of $246.45 reached on 10/04/21. The company’s shares have touched a 52-week low of $201.62 and high of $282.77, with the stock’s rally to the 52-week high happening on 02/16/21. YTD, WDAY has achieved 7.34% or $17.58. However, the current price is down -9.05%% from the 52-week high price.

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Insider Transactions

On Oct 01, 12 days have gone by since the last insider trading activity for Workday Inc. (WDAY). DUFFIELD DAVID A (Director) most recently sold 298,688 shares at $251.13 per share on Oct 01. This transaction cost the insider $75,009,576. Director, DUFFIELD DAVID A, sold 108,900 shares at a price of $269.37 on Sep 15. Then, on Sep 15, Co-CEO Fernandez Gomez Luciano sold 9,464 shares at a price of $269.12 per share. This transaction amounted to $2,546,989.

Valuation Metrics

Workday Inc. (WDAY) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.86 for the sector.WDAY stock has a beta of 1.29. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.75 while the price-to-book (PB) in the most recent quarter is 16.42, with the price to cash flow ratio at 48.00.

Workday Inc.’s quick ratio for the period ended July 30 was 1.00, with the current ratio over the same period at 1.00 meaning that WDAY stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.17, while the total debt to equity was 0.48. In terms of profitability, the gross margin trailing 12 months is 72.50%. The trailing 12-month EBITDA margin is 4.30% while for the period ending July 30; Workday Inc.’s operating margin was -2.70%. The firm’s gross profit as reported stood at $3.12 billion against revenue of $4.32 billion.

Earnings Surprise

For the quarterly period ending July 30 this year, Workday Inc.’s cash and short-term investments amounted to $2.22 billion against total debt of $2.15 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected WDAY to announce $0.78 per share in earnings in its latest quarter, but it posted $1.23, representing a 57.70% surprise. EBITDA for the quarter stood at more than $119.01 million. WDAY stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 5.25 billion, with total debt at $2.15 billion. Shareholders hold equity totaling $248.0 million

Technical Picture

Let’s look briefly at Workday Inc. (WDAY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 49.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.23%.

The stock’s 5-day moving average is $256.19, reflecting a +2.04% or $5.14 change from its current price. WDAY is currently trading -4.67% above its 20-day SMA, +10.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +10.07% and +3.39% respectively.

Stochastic %K and %D was 32.48% and 33.73% and the average true range (ATR) pointed at 6.56. The RSI (14) points at 49.11%, while the 14-day stochastic is at 39.01% with the period’s ATR at 6.46. The stock’s 9-day MACD Oscillator is pointing at 1.46 and -0.93 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Workday Inc. (NASDAQ: WDAY), Daiwa Securities launched coverage with a Buy rating. Analysts offering their rating for WDAY stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate WDAY as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 25 have offered a “buy” rating.

What is WDAY’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $255.00 and a high of $340.00, with their median price target at $310.00. Looking at these predictions, the average price target given by analysts is for Workday Inc. (WDAY) stock is $305.10.


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