WDAY Stock Summary and Trading Ideas (Workday - Class A | NASDAQ:WDAY)

Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday was founded in 2005 and is headquartered in Pleasanton, California.

Workday - Class A trades on the NASDAQ stock market under the symbol WDAY.

As of December 27, 2024, WDAY stock price declined to $266.24 with 1,448,729 million shares trading.

WDAY has a beta of 1.12, meaning it tends to be more sensitive to market movements. WDAY has a correlation of 0.18 to the broad based SPY ETF.

WDAY has a market cap of $70.55 billion. This is considered a Large Cap stock.

Last quarter Workday - Class A reported $2 billion in Revenue and $1.89 earnings per share. This beat revenue expectation by $30 million and exceeded earnings estimates by $.13.

In the last 3 years, WDAY traded as high as $311.28 and as low as $128.72.

The top ETF exchange traded funds that WDAY belongs to (by Net Assets): VTI, QQQ, VXF, SPY, IVV.

WDAY has underperformed the market in the last year with a price return of -2.8% while the SPY ETF gained +26.6%. However, in the short term, WDAY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.5% vs +4.3% return in SPY. But in the last 2 weeks, WDAY shares have been beat by the market, returning -3.1% compared to an SPY return of -1.2%.

WDAY support price is $263.45 and resistance is $275.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WDAY shares will trade within this expected range on the day.