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 is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 18,000 employees.

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

As of April 26, 2024, WDAY stock price declined to $251.04 with 2,364,139 million shares trading.

WDAY has a beta of 1.31, meaning it tends to be more sensitive to market movements. WDAY has a correlation of 0.27 to the broad based SPY ETF.

WDAY has a market cap of $66.32 billion. This is considered a Large Cap stock.

Last quarter Workday - Class A reported $2 billion in Revenue and $1.57 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.10.

In the last 3 years, WDAY stock 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, VUG, VGT.

WDAY has outperformed the market in the last year with a return of +34.1%, while the SPY ETF gained +27.4%. However, in the most recent history, WDAY shares have underperformed the stock market with its stock returning -13.0% in the last 3 month period and -4.8% for the last 2 week period, while SPY has returned +4.6% and -0.5%, respectively.

WDAY support price is $250.81 and resistance is $257.31 (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 stock will trade within this expected range on the day.