The Ratings Game: Workday, Inc. (WDAY), Park Hotels & Resorts Inc. (PK)

Over the past 52 weeks Workday, Inc. (NASDAQ:WDAY) has embarked on a rally that has seen it rise 36.19% and is now up by 17.13% since start of this year. The equity price rose 2.91% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a -1.31% fall over the past 30 days. Its equity price climbed by 14.79% over the past three months which led to its overall six-month increase to stand at 27.98%.

The shares of Workday, Inc. (WDAY) dropped by -6.48% or -$12.96 from its last recorded high of $200 which it attained on January 03 to close at $187.04 per share. Over the past 52 weeks, the shares of Workday, Inc. has been trading as low as $117.24 before witnessing a massive surge by 59.54% or $69.8. This price movement has led to the WDAY stock receiving more attention and has become one to watch out for. It jumped by 0.47% on Thursday and this got the market excited. The stock’s beta now stands at 1.84 and when compared to its 200-day moving average and its 50-day moving average, WDAY price stands 26.21% above and 4.33% above respectively. Its average daily volatility for this week is 2.45% which is less than the 2.82% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Workday, Inc. with most of them predicting a $199.11 price target on a short-term (12 months) basis. The average price target by the analysts will see a 6.45% rise in the stock and would lead to WDAY’s market cap to surge to $43.44B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 37 analysts that track Workday, Inc. (NASDAQ:WDAY) and find out that 14 of them rated it as a Hold. 20 of the 23 analysts rated it as a Buy or a Strong Buy while 3 advised investors to desist from buying the stock or sell it if they already possess it.

A look at WDAY technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 53.88 point. Its trading volume has lost -516038 shares compared to readings over the past three months as it recently exchanged 1643962 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2160000 shares, and this is 0.76 times the normal volume.

The price of Park Hotels & Resorts Inc. (NYSE:PK) currently stands at $31.47 after it went up by $0.09 or 0.29% and has found a strong support at $31.24 a share. If the PK price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $31.02 mark would also be bad for the stock as it means that the stock would plunge by 1.43% from its current position. However, if the stock price is able to trade above the resistance point around $31.59, then it could likely surge higher to try and break the upward resistance which stands at $31.72 a share. Its average daily volatility over the past one month stands at 2%. The stock has plunged by 1.05% from its 52-weeks high of $31.14 which it reached on Jul. 09, 2018. In general, it is 20.37% above its 52-weeks lowest point which stands at $25.06 and this setback was observed on Feb. 01, 2019.

Analysts have predicted a price target for Park Hotels & Resorts Inc. (PK) for 1 year and it stands at an average $32.15/share. This means that it would likely increase by 2.16% from its current position. The current price of the stock has been moving between $31.14 and $31.49. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $27. On the other hand, one analyst is super bullish about the price, setting a target as high as $36.

The PK stock Stochastic Oscillator (%D) is at 47.15%, which means that it is currently neutral. The shares P/S ratio stands at 2.35 which compares to the 1.49 recorded by the industry or the 12.8 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 21.66, which is higher than the 13.31 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 26.6% over the past five years.