Workday Inc. [NASDAQ: WDAY] gained 1.83% on the last trading session, reaching $183.05 price per share at the time. Workday Inc. represents 232.94 million in outstanding shares, while the company has a total market value of $42.21 billion with the latest information. WDAY stock price has been found in the range of $178.705 to $185.02.
If compared to the average trading volume of 2.84M shares, WDAY reached a trading volume of 1963491 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Workday Inc. [WDAY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WDAY shares is $185.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WDAY stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Workday Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on May 28, 2020. While these analysts kept the previous recommendation, Wedbush dropped their target price from $206 to $196. The new note on the price target was released on May 28, 2020, representing the official price target for Workday Inc. stock. Previously, the target price had yet another raise from $174 to $190, while Stifel kept a Hold rating on WDAY stock. On May 28, 2020, analysts increased their price target for WDAY shares from 194 to 200.
The Average True Range (ATR) for Workday Inc. is set at 6.69, with the Price to Sales ratio for WDAY stock in the period of the last 12 months amounting to 11.05. The Price to Book ratio for the last quarter was 16.39, with the Price to Cash per share for the same quarter was set at 11.27. Price to Free Cash Flow for WDAY in the course of the last twelve months was 49.25 with Quick ratio for the last quarter at 1.20.
Trading performance analysis for WDAY stock
Workday Inc. [WDAY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.74. With this latest performance, WDAY shares gained by 9.89% in over the last four-week period, additionally plugging by 11.87% over the last 6 months – not to mention a drop of -11.04% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WDAY stock in for the last two-week period is set at 65.27, with the RSI for the last a single of trading hit 66.40, and the three-weeks RSI is set at 62.02 for Workday Inc. [WDAY]. The present Moving Average for the last 50 days of trading for this stock 155.13, while it was recorded at 179.60 for the last single week of trading, and 165.39 for the last 200 days.
Workday Inc. [WDAY]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Workday Inc. [WDAY] shares currently have an operating margin of -14.04 and a Gross Margin at +70.58. Workday Inc.’s Net Margin is presently recorded at -13.27.
Return on Total Capital for WDAY is now -14.08, given the latest momentum, and Return on Invested Capital for the company is -14.40. Return on Equity for this stock declined to -21.63, with Return on Assets sitting at -7.79. When it comes to the capital structure of this company, Workday Inc. [WDAY] has a Total Debt to Total Equity ratio set at 63.13. Additionally, WDAY Total Debt to Total Capital is recorded at 38.70, with Total Debt to Total Assets ending up at 23.03. Long-Term Debt to Equity for the company is recorded at 50.65, with the Long-Term Debt to Total Capital now at 31.05.
Reflecting on the efficiency of the workforce at the company, Workday Inc. [WDAY] managed to generate an average of -$39,400 per employee. Receivables Turnover for the company is 4.58 with a Total Asset Turnover recorded at a value of 0.59.Workday Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
Workday Inc. [WDAY]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Workday Inc. posted 0.44/share EPS, while the average EPS was predicted by analysts to be reported at 0.35/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WDAY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Workday Inc. go to 21.75%.
An analysis of insider ownership at Workday Inc. [WDAY]
There are presently around $28,230 million, or 91.70% of WDAY stock, in the hands of institutional investors. The top three institutional holders of WDAY stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 19,961,852, which is approximately -11.614% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 10,269,993 shares of the stock with an approximate value of $1.85 billion in WDAY stocks shares; and BLACKROCK INC., currently with $1.56 billion in WDAY stock with ownership of nearly 6.403% of the company’s market capitalization.
Positions in Workday Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 321 institutional holders increased their position in Workday Inc. [NASDAQ:WDAY] by around 25,881,119 shares. Additionally, 283 investors decreased positions by around 22,259,386 shares, while 71 investors held positions by with 108,899,477 shares. The mentioned changes placed institutional holdings at 157,039,982 shares, according to the latest SEC report filing. WDAY stock had 87 new institutional investments in for a total of 9,314,272 shares, while 97 institutional investors sold positions of 3,320,480 shares during the same period.