Workday Inc. (NASDAQ:WDAY) saw an upside of 0.42% to $231.09 after adding $0.97 on Monday. The 5-day average trading volume is 1,170,163 shares of the company’s common stock. It has gained $240.18 in the past week and touched a new high 1 time within the past 5 days. An average of 1,799,796 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,161,800.
WDAY’s 1-month performance is 5.65% or $12.90 on its low of $217.91 reached on 07/10/23. The company’s shares have touched a 52-week low of $128.72 and high of $240.18, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, WDAY has achieved 38.10% or $64.30 and has reached a new high 24 times. However, the current price is down -3.79% from the 52-week high price.
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Insider Transactions
WDAY stock investors last saw insider trading activity on Jul 06.Chakraborty Sayan (Co-President) most recently sold 4,917 shares at $218.81 per share on Jul 06. This transaction cost the insider $1,075,886. COO, Bozzini James, sold 4,941 shares at a price of $221.43 on Jul 05. Then, on Jul 05, Chief Legal Officer & Secty Sauer Richard Harry sold 4,223 shares at a price of $221.43 per share. This transaction amounted to $935,114.
Valuation Metrics
WDAY stock has a beta of 1.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.28 while the price-to-book (PB) in the most recent quarter is 10.06, with the price to cash flow ratio at 53.52.
Workday Inc.’s quick ratio for the recent period was 1.90, with the current ratio over the same period at 1.90. In terms of profitability, the gross margin trailing 12 months is 73.20%. The trailing 12-month EBITDA margin is 3.49%. The firm’s gross profit as reported stood at $4.5 billion against revenue of $6.22 billion.
Earnings Surprise
Workday Inc.’s cash and short-term investments amounted to $4.89 billion against total debt of $3.25 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 73078.57% to $0.14 million, while revenue of $270.43 million was -193064.29% off the previous quarter. EBITDA for the quarter stood at more than $99.53 million. WDAY stock balance sheet for the recent quarter shows that total liabilities totaled 7.31 billion, with total debt at $3.25 billion. Shareholders hold equity totaling $261.0 million.
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 04 August was 55.03% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.43%.
The stock’s 5-day moving average is $232.02, reflecting a -2.32% or -$5.50 change from its current price. WDAY is currently trading +4.15% above its 20-day SMA, +26.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +18.06% and SMA200 by+51.78%.
Stochastic %K and %D was 48.28% and 52.38% and the average true range (ATR) pointed at 6.26. The RSI (14) points at 56.55%, while the 14-day stochastic is at 54.95% with the period’s ATR at 6.12. The stock’s 9-day MACD Oscillator is pointing at -2.09 and 0.24 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Workday Inc. (NASDAQ: WDAY), RBC Capital Mkts launched coverage with an Outperform rating. Analysts offering their rating for WDAY stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate WDAY as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 22 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 $142.00 and a high of $290.00, with their median price target at $243.00. Looking at these predictions, the average price target given by analysts is for Workday Inc. (WDAY) stock is $240.38.
