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In the latest session, Workday Inc (NASDAQ: WDAY) closed at $231.63 down -1.70% from its previous closing price of $235.63. In other words, the price has decreased by -$1.70 from its previous closing price. On the day, 2.07 million shares were traded. WDAY stock price reached its highest trading level at $237.48 during the session, while it also had its lowest trading level at $231.27.
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 8.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.95 and its Current Ratio is at 1.95. 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, BMO Capital Markets on May 24, 2024, Reiterated its Outperform rating but revised its target price to $300 from $338 previously.
On February 27, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $300 to $350.
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 Jul 12 ’24 when DUFFIELD DAVID A sold 56,000 shares for $229.32 per share. The transaction valued at 12,841,747 led to the insider holds 562,000 shares of the business.
DUFFIELD DAVID A sold 76,376 shares of WDAY for $17,317,415 on Jul 08 ’24. The 10% Owner now owns 102,997 shares after completing the transaction at $226.74 per share. On Jul 08 ’24, another insider, Sauer Richard Harry, who serves as the Chief Legal Officer & Secty of the company, sold 3,134 shares for $226.67 each. As a result, the insider received 710,391 and left with 92,014 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 62529441792 and an Enterprise Value of 57543950336. As of this moment, Workday’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.82, and their Forward P/E ratio for the next fiscal year is 29.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.17 while its Price-to-Book (P/B) ratio in mrq is 7.53. Its current Enterprise Value per Revenue stands at 7.607 whereas that against EBITDA is 103.87.
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 $202.01. The 50-Day Moving Average of the stock is 1.24%, while the 200-Day Moving Average is calculated to be -8.20%.
Shares Statistics:
For the past three months, WDAY has traded an average of 2.67M shares per day and 1872490 over the past ten days. A total of 210.67M shares are outstanding, with a floating share count of 208.59M. Insiders hold about 21.29% of the company’s shares, while institutions hold 70.96% stake in the company. Shares short for WDAY as of 1719532800 were 5563816 with a Short Ratio of 2.08, compared to 1717113600 on 5778950. Therefore, it implies a Short% of Shares Outstanding of 5563816 and a Short% of Float of 2.6300002.
