Market Momentum Report: Workday Inc (WDAY)’s Negative Close at 223.09

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The price of Workday Inc (NASDAQ: WDAY) closed at $223.09 in the last session, down -1.52% from day before closing price of $226.54. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 1.91 million shares were traded. WDAY stock price reached its highest trading level at $226.1 during the session, while it also had its lowest trading level at $221.5201.


We take a closer look at WDAY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.66. 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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 08 ’24 when DUFFIELD DAVID A sold 76,376 shares for $226.74 per share. The transaction valued at 17,317,415 led to the insider holds 102,997 shares of the business.

Sauer Richard Harry sold 3,134 shares of WDAY for $710,391 on Jul 08 ’24. The Chief Legal Officer & Secty now owns 92,014 shares after completing the transaction at $226.67 per share. On Jul 05 ’24, another insider, DUFFIELD DAVID A, who serves as the 10% Owner of the company, sold 56,000 shares for $228.12 each. As a result, the insider received 12,774,564 and left with 618,000 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 60122304512 and an Enterprise Value of 55280848896. As of this moment, Workday’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.28, and their Forward P/E ratio for the next fiscal year is 28.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.87 while its Price-to-Book (P/B) ratio in mrq is 7.25. Its current Enterprise Value per Revenue stands at 7.307 whereas that against EBITDA is 99.785.

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 -3.53%, while the 200-Day Moving Average is calculated to be -11.62%.

Shares Statistics:

According to the various share statistics, WDAY traded on average about 2.61M shares per day over the past 3-months and 1741430 shares per day over the past 10 days. A total of 210.67M shares are outstanding, with a floating share count of 208.51M. Insiders hold about 21.32% of the company’s shares, while institutions hold 70.95% stake in the company. Shares short for WDAY as of 1718323200 were 5307113 with a Short Ratio of 2.04, compared to 1715731200 on 4653765. Therefore, it implies a Short% of Shares Outstanding of 5307113 and a Short% of Float of 2.5100000000000002.

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