Workday Inc (NASDAQ:WDAY) saw an upside of 0.62% to $230.65 after adding $1.41 on Wednesday. The 5-day average trading volume is 1,161,428 shares of the company’s common stock. It has gained $235.86 in the past week and touched a new high 1 time within the past 5 days. An average of 1,323,487 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,599,283.
WDAY’s 1-month performance is -2.39% or -$6.49 on its low of $228.56 reached on 09/26/23. The company’s shares have touched a 52-week low of $128.72 and high of $252.72, with the stock’s rally to the 52-week high happening on 09/11/23. YTD, WDAY has achieved 37.84% or $63.15 and has reached a new high 31 times. However, the current price is down -8.73% from the 52-week high price.
Insider Transactions
WDAY stock investors last saw insider trading activity on Sep 11.DUFFIELD DAVID A (10% Owner) most recently sold 108,333 shares at $250.58 per share on Sep 11. This transaction cost the insider $27,145,887. Director, STILL GEORGE J JR, sold 5,000 shares at a price of $251.00 on Sep 08. Then, on Sep 06, Chief Legal Officer & Secty Sauer Richard Harry sold 24,365 shares at a price of $247.90 per share. This transaction amounted to $6,040,096.
Valuation Metrics
WDAY stock has a beta of 1.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.07 while the price-to-book (PB) in the most recent quarter is 9.63, with the price to cash flow ratio at 38.96.
Workday Inc’s quick ratio for the period ended July 30 was 1.96, with the current ratio over the same period at 1.96. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.51, while the total debt to equity was 0.52. In terms of profitability, the gross margin trailing 12 months is 73.67%. The trailing 12-month EBITDA margin is 3.49% while for the period ending July 30, Workday Inc’s operating margin was -2.24%. The firm’s gross profit as reported stood at $4.5 billion against revenue of $6.22 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 181.57% to $78.66 million, while revenue of $0.14 million was 99.82% off the previous quarter. Analysts expected WDAY to announce $1.26 per share in earnings in its latest quarter, but it posted $1.43, representing a 13.50% surprise. EBITDA for the quarter stood at more than $159.77 million. WDAY stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 7.46 billion, with total debt at $3.27 billion. Shareholders hold equity totaling $262.0 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 26 September was 34.02% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.84%.
The stock’s 5-day moving average is $230.46, reflecting a -3.08% or -$7.32 change from its current price. WDAY is currently trading -4.63% above its 20-day SMA, +26.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.93% and SMA200 by+36.11%.
Stochastic %K and %D was 7.21% and 6.43% and the average true range (ATR) pointed at 4.76. The RSI (14) points at 40.62%, while the 14-day stochastic is at 7.95% with the period’s ATR at 4.98. The stock’s 9-day MACD Oscillator is pointing at -4.94 and -9.51 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Workday Inc (NASDAQ: WDAY), Needham reiterated its a Buy rating for the company but lifted their price target by $220 to $250. 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. 4 rates the stock as overweight while 23 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 $169.00 and a high of $310.00, with their median price target at $260.00. Looking at these predictions, the average price target given by analysts is for Workday Inc (WDAY) stock is $261.76.
