Workday Inc. (NASDAQ:WDAY) trading with an addition of $3.61 to $270.21 on Thursday, an upside of 1.35 percent. An average of 1,205,819 shares of common stock have been traded in the last five days. There was a gain of $12.30 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 1,509,820 shares traded, while the 50-day average volume stands at 1,548,310.
WDAY stock has decreased by -1.18% in the last month. The company shares reached their 1-month lowest point of $246.45 on 10/04/21. With the stock rallying to its 52-week high on 02/16/21, shares of the company touched a low of $201.62 and a high of $282.77 in 52 weeks. It has reached a new high 12 times so far this year and achieved 11.26% or $30.55 in price. In spite of this, the price is down -4.44% from the 52-week high.
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13 days have passed since Workday Inc. (WDAY) last reported insider trading activity. DUFFIELD DAVID A, who is Director, most recently acquired $298,688 shares at $251.13 per share on Oct 01. In this transaction, the insider spent $75,009,576. Director, DUFFIELD DAVID A, disposed of 108,900 shares at a price of $269.37 on Sep 15. The insider now owns more than $29,334,827 worth of shares. Prior to that, Co-CEO Fernandez Gomez Luciano went on to Sale 9,464 shares at $269.12 each on Sep 15. An amount of $2,546,989 was transacted.
Workday Inc. (WDAY) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.86 for the sector. The stock’s beta is 1.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 14.26, the price-to-book (PB) ratio at 17.02, and the price-to-cash flow ratio at 49.76.
The quick ratio of Workday Inc. for the three months ended July 30 was 1.00, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.48 for the quarter ending July 30. On the profitability front, the trailing 12-month gross margin is 72.50% against a 5-year average of 70.6%. Workday Inc.’s EBITDA margin for the year ending July 30 is 4.30%, while its operating margin for the same period stands at -2.70%. Its gross profit as reported stood at $3.12 billion compared to revenue of $4.32 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Workday Inc.’s return on assets was -0.40%, compared to -8.0% over the last five years. In the past year, the return on investment has been -5.00%, and the 5-year average is -12.8%. Meanwhile, the return on equity (ROE) for the past 12 months has been -1.10% and the 5-year average holds at -21.9%. For the broader industry, ROE averaged 3.34 over the past year.
For the three-month period that ended July 30, Workday Inc. had $2.22 billion in cash and short-term investments compared to $654.63 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $105.74 million in the quarter, while revenues of -$46.52 million were grew 126.5%. The analyst consensus anticipated Workday Inc.’s latest quarter earnings to come in at $0.78 per share, but it turned out to be $1.23, a 57.70% surprise. For the quarter, EBITDA amounted to $119.01 million. Shareholders own equity worth $248.0 million.
From a technical analysis perspective, let’s take a brief look at Workday Inc. (WDAY) price momentum. RSI 9-day as of the close on 13 October was 67.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.11%.
As of today, WDAY’s price is $260.70 +4.77% or $12.30 from its 5-day moving average. WDAY is currently trading -0.34% lower than its 20-day SMA and +15.45% higher than its 100-day SMA. However, the stock’s current price level is +16.33% above the SMA50 and +13.65% above the SMA200.
The stochastic %K and %D were 66.95% and 48.55%, respectively, and the average true range (ATR) was 7.55. With the 14-day stochastic at 87.49% and the average true range at 7.14, the RSI (14) stands at 62.19%. The stock has reached 6.93 on the 9-day MACD Oscillator while the 14-day reading was at 8.25.
DA Davidson launched coverage on Workday Inc. (NASDAQ: WDAY) in its analyst report released on October 13, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Workday Inc. (WDAY) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WDAY, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 25 others rate it as a “buy”.
What is WDAY’s price target for the next 12 months?
Analysts predict a range of price targets between $255.00 and $340.00, with a median target of $310.00. Taking a look at these predictions, the average price target given by analysts for Workday Inc. (WDAY) stock is $305.10.