Citigroup lifts Workday Inc. [WDAY] price estimate. Who else is bullish?
Workday Inc. [NASDAQ: WDAY] The share price fell by -0.49 points on Thursday, while the share price fell at $150.49 at the close of the session, down -0.32%. Company report on September 13, 2022 This business day announces new innovations to support customers in the changing world of work.
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Helping customers adapt to more personalized experiences, a more open and connected ecosystem, and insights to drive digital transformation efforts.
Workday, Inc. announced. (NASDAQ: WDAY), the leading provider of cloud applications for financial institutions and human resources, today at Workday Rising, the company’s annual customer conference, announced a suite of new innovations and initiatives designed to help support customers in the changing world of work. This includes new capabilities to help elevate the finance office, ways to create more personalized employee experiences, and create a more open and connected work day to help companies adapt and thrive in today’s dynamic environment.
Workday Inc stock fell. It is now 44.91% higher than its YTD trading value. WDAY stock saw an intraday high of $152.21 and a low of $148.85 per share. The company’s 52-week high is 307.81, which means the current price is 12.22% higher than the all-time high touched on 01/03/22.
Compared to an average trading volume of 2.86 million shares, WDAY’s trading volume reached 2500,258 on the last trading day, which is why market watchers consider the stock to be active.
What Top Market Experts Say About Workday Inc. [WDAY]?
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on WDAY’s stock price target is $218.81 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for WDAY stock is the recommendation set at 1.80. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Citigroup has made an estimate for the shares of Workday Inc. , retaining their opinion of the stock as neutral, with their previous recommendation back on September 1, 2022. While these analysts held the previous recommendation, Guggenheim raised their target price to sell. The new note about price target was released on August 12, 2022, which is the official target price for Workday Inc.’s stock.
The Average True Range (ATR) is set for Workday Inc. at 5.77, with a price-to-sales ratio for WDAY’s stock in the last twelve months at 6.88. The price-to-book ratio for the last quarter was 7.46, with the price-to-cash-to-cash ratio for the same quarter set at 24.26. WDAY’s free cash flow rate for the past 12 months was 25.36 with a Q4 quick ratio of 1.60.
How has WDAY’s stock been performing lately?
Workday Inc. [WDAY] It fell into the red at the end of last week, fell in a negative direction and fell by -2.49. With this latest performance, WDAY’s shares are down -4.55% over the past four-week period, and also -36.44% over the past six months – not to mention a -44.41% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for WDAY stock for the past two weeks is set at 38.48, with the RSI for the last one trading at 32.46, and the three-week RSI for Workday Inc. is set at 42.23. [WDAY]. The current moving average of the last 50 trading days for this stock is 159.03 while it recorded at 152.28 for the last trading week, and 200.66 for the last 200 days.
Workday Inc. [WDAY]: A deeper look into the basics
Operating margin for any stock indicates how profitable the investment is, and Workday Inc. [WDAY] The equity’s current operating margin is -2.09 and the total margin is +72.26. Workday Inc.’s net margin was reported. Currently at +0.57.
Return on equity increased to 0.75, with return on assets remaining at 0.31.
Workday Inc.’s liquidity data is Interesting too, with the quick ratio at 1.60 and the current ratio at 1.60.
Earnings Analysis for Workday Inc. [WDAY]
The company’s progress can be seen through the prism of EPS growth, while Wall Street analysts focus on a 5-year EPS growth forecast for WDAY. When it comes to the stated value, analysts expect Workday Inc.’s 5-year EPS growth rate to rise. to 12.98%.
Business Insider Positions for Workday Inc. [WDAY]
There are currently approximately $26,479 million, or 89.40% of WDAY’s stock, in the hands of institutional investors. The three largest corporate owners of WDAY shares are: VANGUARD GROUP INC with ownership of 12684.931, which is approximately 4.377% of the company’s market capitalization and about 0.90% of the total institutional ownership; BLACKROCK INC. , owns 1,1716,234 shares of stock with an approximate value of $1.76 billion in WDAY stock; and JANUS HENDERSON GROUP PLC, which currently holds $1.38 billion in WDAY stock with ownership of approximately 47.956% of the company’s market value.
Positions in Workday Inc shares increased. held by institutional investors at the end of August and at the time of the August report, as 397 institutional owners consolidated their positions in Workday Inc. [NASDAQ:WDAY] About 27,250,417 shares. In addition, 445 investors decreased their positions by 28,465,702 shares, while 104 investors occupied positions by 120,239.004 shares. The said changes put institutional holdings at 175,955,123 shares, according to the latest report from the Securities and Exchange Commission. WDAY stock had 82 new institutional investors for a total of 4,361,412 shares, while 171 institutional investors sold positions worth 4,851,748 shares during the same period.