Workday Inc. (NASDAQ: WDAY) is -44.73% lower on its value in year-to-date trading and has touched a low of $134.10 and a high of $307.81 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WDAY stock was last observed hovering at around $152.65 in the last trading session, with the day’s loss setting it -1.67% off its average median price target of $220.00 for the next 12 months. It is also 46.46% off the consensus price target high of $282.00 offered by 35 analysts, but current levels are -6.32% lower than the price target low of $142.00 for the same period.
Currently trading at $150.98, the stock is -6.33% and -4.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.52 million and changing -1.09% at the moment leaves the stock -25.19% off its SMA200. WDAY registered -44.12% loss for a year compared to 6-month loss of -38.16%.
The stock witnessed a -6.14% gain in the last 1 month and extending the period to 3 months gives it a 10.54%, and is -5.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.68% over the week and 3.66% over the month.
Workday Inc. (WDAY) has around 16918 employees, a market worth around $39.17B and $5.67B in sales. Fwd P/E is 38.13. Profit margin for the company is -3.50%. Distance from 52-week low is 12.59% and -50.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.60%).
Workday Inc. (WDAY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Workday Inc. (WDAY) is a “Overweight”. 35 analysts offering their recommendations for the stock have an average rating of 1.80, where 5 rate it as a Hold and 5 think it is a “Overweight”. 24 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Workday Inc. is expected to release its quarterly report on 12/01/2022.The EPS is expected to grow by 111.90% this year
Workday Inc. (WDAY) Top Institutional Holders
The shares outstanding are 254.35M, and float is at 199.26M with Short Float at 3.88%.
Workday Inc. (WDAY) Insider Activity
A total of 74 insider transactions have happened at Workday Inc. (WDAY) in the last six months, with sales accounting for 56 and purchases happening 18 times. The most recent transaction is an insider sale by DUFFIELD DAVID A, the company’s 10% Owner. SEC filings show that DUFFIELD DAVID A sold 102,500 shares of the company’s common stock on Sep 15 at a price of $156.24 per share for a total of $16.02 million. Following the sale, the insider now owns 0.1 million shares.
Workday Inc. disclosed in a document filed with the SEC on Sep 15 that Fernandez Gomez Luciano (Co-CEO) sold a total of 2,046 shares of the company’s common stock. The trade occurred on Sep 15 and was made at $158.32 per share for $0.32 million. Following the transaction, the insider now directly holds 0.26 million shares of the WDAY stock.
Still, SEC filings show that on Sep 15, Robinson Douglas A. (Co-President) disposed off 221 shares at an average price of $158.32 for $34988.0. The insider now directly holds 134,673 shares of Workday Inc. (WDAY).
Workday Inc. (WDAY): Who are the competitors?
The company’s main competitors (and peers) include Salesforce Inc. (CRM) that is trading -42.77% down over the past 12 months and Paychex Inc. (PAYX) that is 8.67% higher over the same period. Paylocity Holding Corporation (PCTY) is -12.46% down on the 1-year trading charts.