Workday Inc (NASDAQ:WDAY) has a beta value of 1.37 and has seen 4.12 million shares traded in the recent trading session. The company, currently valued at $65.34B, closed the recent trade at $245.65 per share which meant it lost -$24.54 on the day or -9.08% during that session. The WDAY stock price is -26.72% off its 52-week high price of $311.28 and 18.66% above the 52-week low of $199.81. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.17 million shares traded. The 3-month trading volume is 1.79 million shares.
The consensus among analysts is that Workday Inc (WDAY) is Buy stock at the moment, with a recommendation rating of 1.77. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 28 have rated it as a Hold, with 20 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.77.
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Workday Inc (NASDAQ:WDAY) trade information
Sporting -9.08% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the WDAY stock price touched $245.65 or saw a rise of 11.0%. Year-to-date, Workday Inc shares have moved -11.02%, while the 5-day performance has seen it change -5.32%. Over the past 30 days, the shares of Workday Inc (NASDAQ:WDAY) have changed 2.94%. Short interest in the company has seen 4.51 million shares shorted with days to cover at 2.79.
Wall Street analysts have a consensus price target for the stock at $275, which means that the shares’ value could jump 10.67% from the levels at last check today. The projected low price target is $200.0 while the price target rests at a high of $350.0. In that case, then, we find that the latest price level in today’s session is -42.48% off the targeted high while a plunge would see the stock lose 18.58% from the levels at last check today.
Workday Inc (WDAY) estimates and forecasts
Figures show that Workday Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 18.42% over the past 6 months, with this year growth rate of 19.35%, compared to 24.70% for the industry. Revenue growth from the last financial year stood is estimated to be 15.95%.
32 analysts offering their estimates for the company have set an average revenue estimate of 2.18B for the current quarter. 25 have an estimated revenue figure of 2.23B for the next ending quarter. Year-ago sales stood 1.92B and 1.99B respectively for this quarter and the next, and analysts expect sales will grow by 13.67% for the current quarter and 15.95% for the next.
Earnings growth for 2024 is a modest 22.63% while over the next 5 years, the company’s earnings are expected to increase by 22.24%.
WDAY Dividends
Workday Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Workday Inc (NASDAQ:WDAY)’s Major holders
Insiders own 1.23% of the company shares, while shares held by institutions stand at 92.80% with a share float percentage of 93.96%. Investors are also buoyed by the number of investors in a company, with Workday Inc having a total of 1530.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 15.46 million shares worth more than $3.46 billion. As of 2024-06-30, VANGUARD GROUP INC held 5.8456% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 13.89 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.11 billion and represent 5.2539% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF. As of Jun 30, 2024, the former fund manager holds about 4.26% shares in the company for having 6.7 shares of worth $1.67 billion while later fund manager owns 4.13 shares of worth $1.03 billion as of Sep 30, 2024, which makes it owner of about 2.63% of company’s outstanding stock.
