Workday Inc (NASDAQ:WDAY) finished Friday with an addition of $3.63 to close at $214.85, an upside of 1.72 percent. An average of 3,542,480 shares of common stock have been traded in the last five days. There was a fall of -$15.97 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 1,882,880 shares traded, while the 50-day average volume stands at 1,813,638.
WDAY stock has decreased by -11.64% in the last month. The company shares reached their 1-month lowest point of $202.65 on 09/28/23. With the stock rallying to its 52-week high on 09/11/23, shares of the company touched a low of $128.72 and a high of $252.72 in 52 weeks. It has reached a new high 31 times so far this year and achieved 28.40% or $47.52 in price. In spite of this, the price is down -14.98% from the 52-week high.
Insider Transactions
WDAY stock investors should be aware that Workday Inc (WDAY) stock had its last reported insider trading activity 19 days ago on Sep 11. In this transaction, the insider spent $27,145,887. Director, STILL GEORGE J JR, disposed of 5,000 shares at a price of $251.00 on Sep 08. The insider now owns more than $1,255,007 worth of shares. Prior to that, Chief Legal Officer & Secty Sauer Richard Harry went on to Sale 24,365 shares at $247.90 each on Sep 06. An amount of $6,040,096 was transacted.
Valuation Metrics
Workday Inc (WDAY) stock’s beta is 1.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.44, the price-to-book (PB) ratio at 8.97, and the price-to-cash flow ratio at 36.29.
Financial Health
The quick ratio of Workday Inc for the three months ended July 30 was 1.96, and the current ratio was 1.96, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.51 and a total debt to equity ratio of 0.52 for the quarter ending July 30. Its gross profit as reported stood at $4.5 billion compared to revenue of $6.22 billion.
Earnings Surprise
For the three-month period that ended July 30, Workday Inc had $2.98 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $78.66 million in the quarter, while revenues were grew 181.57%. The analyst consensus anticipated Workday Inc’s latest quarter earnings to come in at $1.26 per share, but it turned out to be $1.43, a 13.50% surprise. For the quarter, EBITDA amounted to $159.77 million. Shareholders own equity worth $262.0 million.
Technical Picture
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 29 September was 25.56%, suggesting the stock is oversold, with historical volatility in this time frame at 46.06%.
As of today, WDAY’s price is $223.54 -6.92% or -$15.97 from its 5-day moving average. WDAY is currently trading -12.13% lower than its 20-day SMA and +19.63% higher than its 100-day SMA. However, the stock’s current price level is -3.36% below the SMA50 and +24.38% above the SMA200.
The stochastic %K and %D were 19.04% and 13.36%, respectively, and the average true range (ATR) was 7.41. With the 14-day stochastic at 25.26% and the average true range at 6.73, the RSI (14) stands at 31.34%. The stock has reached -9.88 on the 9-day MACD Oscillator while the 14-day reading was at -15.52.
Analyst Ratings
Needham reiterated its a Buy rating on Workday Inc (NASDAQ: WDAY), but raised their price target to $220, indicating a potential price increase of 2.34% for the stock. The consensus rating for Workday Inc (WDAY) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell WDAY, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 23 others rate it as a “buy”.
