Workday Inc (NASDAQ: WDAY) closed the day trading at $273.02 down -6.47% from the previous closing price of $291.92. In other words, the price has decreased by -$18.90 from its previous closing price. On the day, 8216602 shares were traded.
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 9.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.38. 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:
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 Feb 28 when Robinson Douglas A. sold 3,121 shares for $293.79 per share. The transaction valued at 916,920 led to the insider holds 165,932 shares of the business.
DUFFIELD DAVID A sold 62,731 shares of WDAY for $17,655,609 on Jan 12. The 10% Owner now owns 102,997 shares after completing the transaction at $281.45 per share. On Jan 10, another insider, DUFFIELD DAVID A, who serves as the 10% Owner of the company, sold 63,448 shares for $277.13 each. As a result, the insider received 17,583,533 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 76.77B and an Enterprise Value of 72.26B. As of this moment, Workday’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53.07, and their Forward P/E ratio for the next fiscal year is 34.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.96 while its Price-to-Book (P/B) ratio in mrq is 10.84. Its current Enterprise Value per Revenue stands at 9.95 whereas that against EBITDA is 155.39.
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 287.91, while the 200-Day Moving Average is calculated to be 242.82.
Shares Statistics:
Over the past 3-months, WDAY traded about 1.70M shares per day on average, while over the past 10 days, WDAY traded about 2.74M shares per day. 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 71.16% stake in the company. Shares short for WDAY as of Feb 15, 2024 were 3.09M with a Short Ratio of 1.82, 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
Current recommendations for the stock of the company come from 30 analysts. 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 33 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 $9.84B 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.
