In the latest session, Workday Inc (NASDAQ: WDAY) closed at $294.66 down -0.17% from its previous closing price of $295.16. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 3205472 shares were traded. WDAY stock price reached its highest trading level at $298.50 during the session, while it also had its lowest trading level at $290.49.
Ratios:
For a deeper understanding of Workday Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.34. For the most recent quarter (mrq), Quick Ratio is recorded 2.08 and its Current Ratio is at 1.92. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.40.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on February 27, 2024, Reiterated its Buy rating but revised its target price to $350 from $300 previously.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 12 when DUFFIELD DAVID A sold 62,731 shares for $281.45 per share. The transaction valued at 17,655,609 led to the insider holds 102,997 shares of the business.
DUFFIELD DAVID A sold 63,448 shares of WDAY for $17,583,533 on Jan 10. The 10% Owner now owns 102,997 shares after completing the transaction at $277.13 per share. On Jan 08, another insider, DUFFIELD DAVID A, who serves as the 10% Owner of the company, sold 65,839 shares for $272.33 each. As a result, the insider received 17,929,674 and left with 102,997 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WDAY now has a Market Capitalization of 77.52B and an Enterprise Value of 73.00B. As of this moment, Workday’s Price-to-Earnings (P/E) ratio for their current fiscal year is 57.27, and their Forward P/E ratio for the next fiscal year is 37.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.75 while its Price-to-Book (P/B) ratio in mrq is 11.70. Its current Enterprise Value per Revenue stands at 10.06 whereas that against EBITDA is 157.00.
Stock Price History:
Over the past 52 weeks, WDAY has reached a high of $311.28, while it has fallen to a 52-week low of $174.06. The 50-Day Moving Average of the stock is 287.08, while the 200-Day Moving Average is calculated to be 241.72.
Shares Statistics:
For the past three months, WDAY has traded an average of 1.82M shares per day and 2.32M over the past ten days. A total of 263.00M shares are outstanding, with a floating share count of 206.04M. Insiders hold about 21.66% of the company’s shares, while institutions hold 71.24% stake in the company. Shares short for WDAY as of Feb 15, 2024 were 3.09M with a Short Ratio of 1.70, compared to 3.09M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.18% and a Short% of Float of 1.49%.
Earnings Estimates
There are 30 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.58 for the current quarter, with a high estimate of $1.68 and a low estimate of $1.36, while EPS last year was $1.31. The consensus estimate for the next quarter is $1.61, with high estimates of $1.73 and low estimates of $1.4.
Analysts are recommending an EPS of between $7.26 and $5.68 for the fiscal current year, implying an average EPS of $6.64. EPS for the following year is $7.81, with 32 analysts recommending between $8.59 and $7.01.
Revenue Estimates
A total of 37 analysts have provided revenue estimates for WDAY’s current fiscal year. The highest revenue estimate was $8.59B, while the lowest revenue estimate was $8.33B, resulting in an average revenue estimate of $8.41B. In the same quarter a year ago, actual revenue was $7.26B, up 15.90% from the average estimate. Based on 32 analysts’ estimates, the company’s revenue will be $9.83B in the next fiscal year. The high estimate is $10.39B and the low estimate is $9.64B. The average revenue growth estimate for next year is up 16.90% from the average revenue estimate for this year.
