As of Thursday close, Workday Inc.’s (NASDAQ:WDAY) stock was down -$7.63, moving down -3.21 percent to $230.17. The average number of shares traded per day over the past five days has been 1,672,140 shares. 1 time new highs have been achieved over the past 5 days, with a -$14.91 fall in that time frame. In the last twenty days, the average volume was 1,770,205, while in the previous 50 days, it was 1,671,426.
Since last month, WDAY stock rose 1.73%. Shares of the company fell to $224.87 on 08/24/23, the lowest level in the past month. A 52-week high of $252.72 was reached on 09/11/23 after having rallying from a 52-week low of $128.72. Since the beginning of this year, WDAY’s stock price has risen by 37.55% or $62.84, and marked a new high 31 times. However, the stock has declined by -8.92% since its 52-week high.
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WDAY stock investors should be aware that Workday Inc. (WDAY) stock had its last reported insider trading activity 11 days ago on Sep 11. DUFFIELD DAVID A, the 10% Owner of the company, disposed of 108,333 shares for $250.58 on Sep 11. It resulted in a $27,145,887 divestment by the insider. STILL GEORGE J JR sold 5,000 shares at an average price of $251.00 on Sep 08. The insider now owns 115,000 shares following the transaction. On Sep 06, Chief Legal Officer & Secty Sauer Richard Harry sold 24,365 shares at $247.90 apiece. The transaction was valued at $6,040,096.
Valuation Metrics
The stock’s beta is 1.23. Besides these, the trailing price-to-sales (P/S) ratio of 9.08, the price-to-book (PB) ratio of 9.58, and the price-to-cash flow ratio of 39.73 may also be considered.
Financial Health
In the three months ended July 30, Workday Inc.’s quick ratio stood at 2.00, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.47, and the total debt-to-equity ratio was 0.47. On the profitability front, the trailing twelve-month gross margin is 73.90% percent. In the year ended July 30, EBITDA margin amounted to 3.49%, whereas operating margins totaled -1.50%. Based on annual data, WDAY earned $4.5 billion in gross profit and brought in $6.22 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.80%. Return on equity (ROE) for the past 12 months was -2.10%.
In Workday Inc.’s quarter-end financial report for July 30, it reported total debt of $2.98 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WDAY’s revenue rose 14.05% to $1.68 billion during the quarter, while net income inched up to $1.79 billion. While analysts expected Workday Inc. to report $1.26 quarterly earnings, the actual figure was $1.43 per share, beating the consensus estimate by 13.50%. During the quarter, the company generated $159.77 million in EBITDA. The liabilities of Workday Inc. were 7.46 billion at the end of its most recent quarter ended July 30, and its total debt was $3.27 billion. The value of shareholders’ equity is $262.0 million.
Technical Picture
This quick technical analysis looks at Workday Inc.’s (WDAY) price momentum. With a historical volatility rate of 20.69%, the RSI 9-day stood at 29.73% on 21 September.
With respect to its five-day moving average, the current Workday Inc. price is down by -6.08% percent or -$14.91. At present, WDAY shares trade -0.02% below its 20-day simple moving average and +23.65% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.06% above its SMA50 and +34.61% above its SMA200.
Stochastic coefficient K was 9.89% and Stochastic coefficient D was 24.15%, while ATR was 5.43. Given the Stochastic reading of 2.00% for the 14-day period, the RSI (14) reading has been calculated as 38.95%. As of today, the MACD Oscillator reading stands at -5.92, while the 14-day reading stands at -8.10.
Analyst Ratings
Needham reiterated its a Buy rating on Workday Inc. (NASDAQ: WDAY) in a note to investors. The analysts firm has however raised their price target to $250, representing a possible -4.62% increase in the stock price. Workday Inc. (WDAY) has been rated Overweight by analysts. According to 1 brokerage firm, WDAY is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Workday Inc. stock as buy, with 23 recommending it as overweight.
With a median target price of $260.00, the current consensus forecast for the stock is $169.00 – $310.00. Based on these forecasts, analysts predict Workday Inc. (WDAY) will achieve an average price target of $261.76.
