There are many powerful catalysts in the market: Workday Inc. (WDAY) can be one of them

Workday Inc. (NASDAQ: WDAY) closed the day trading at $173.40 up 3.50% from the previous closing price of $167.54. In other words, the price has increased by $+5.86 from its previous closing price. On the day, 2556515 shares were traded. WDAY stock price reached its highest trading level at $174.38 during the session, while it also had its lowest trading level at $167.97.

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Ratios:

For a better understanding of WDAY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.29. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.55.

Upgrades & Downgrades

On January 13, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $200.

On January 09, 2023, MoffettNathanson started tracking the stock assigning a Outperform rating and target price of $245.MoffettNathanson initiated its Outperform rating on January 09, 2023, with a $245 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 05 when Larson Barbara A sold 1,491 shares for $161.73 per share. The transaction valued at 241,135 led to the insider holds 75,097 shares of the business.

BHUSRI ANEEL sold 2,787 shares of WDAY for $450,712 on Jan 05. The Co-CEO now owns 415,722 shares after completing the transaction at $161.72 per share. On Jan 05, another insider, Robinson Douglas A., who serves as the Co-President of the company, sold 1,444 shares for $161.73 each. As a result, the insider received 233,533 and left with 130,068 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 7.24 while its Price-to-Book (P/B) ratio in mrq is 8.20.

Stock Price History:

Over the past 52 weeks, WDAY has reached a high of $260.46, while it has fallen to a 52-week low of $128.72. The 50-Day Moving Average of the stock is 162.00, while the 200-Day Moving Average is calculated to be 163.89.

Shares Statistics:

Over the past 3-months, WDAY traded about 2.25M shares per day on average, while over the past 10 days, WDAY traded about 2.1M shares per day. A total of 255.75M shares are outstanding, with a floating share count of 200.33M. Insiders hold about 0.90% of the company’s shares, while institutions hold 89.00% stake in the company. Shares short for WDAY as of Oct 13, 2022 were 6.36M with a Short Ratio of 4.63M, compared to 7.47M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.48% and a Short% of Float of 3.18%.

Earnings Estimates

Current recommendations for the stock of the company come from 31 analysts. On average, analysts expect EPS of $0.83 for the current quarter, with a high estimate of $0.97 and a low estimate of $0.72, while EPS last year was $1.1. The consensus estimate for the next quarter is $0.89, with high estimates of $1.02 and low estimates of $0.79.

Analysts are recommending an EPS of between $3.62 and $3.22 for the fiscal current year, implying an average EPS of $3.39. EPS for the following year is $4.47, with 34 analysts recommending between $5.15 and $3.96.

Revenue Estimates

A total of 35 analysts have provided revenue estimates for WDAY’s current fiscal year. The highest revenue estimate was $6.26B, while the lowest revenue estimate was $6.03B, resulting in an average revenue estimate of $6.2B. In the same quarter a year ago, actual revenue was $5.14B, up 20.60% from the average estimate. Based on 34 analysts’ estimates, the company’s revenue will be $7.38B in the next fiscal year. The high estimate is $7.63B and the low estimate is $7.23B. The average revenue growth estimate for next year is up 19.10% from the average revenue estimate for this year.