Suitable Value Stocks? – Workday, Inc. (WDAY), MongoDB, Inc. (MDB)

Investors making a wish list of stocks to watch should take a look at Workday, Inc. (NASDAQ:WDAY). The stock is offering a price-to-sales ratio of 12.38. This situation may create an opportunity where long term players can win with either market bounce, or when long-term value is realized. The broad EDP Services industry has an average P/S ratio of 5.47, which is significantly worse than the sector’s 2.67. In the past 7-year record, this ratio went down as low as 8.1 and as high as 40.32. Also, it is down from 0.9 of the total 1840 rivals across the globe.

WDAY traded at an unexpectedly low level on 01/10/2019 when the stock experienced a 1.07% gain to a closing price of $167.96. The company saw 1766878 shares trade hands over the course of the day. Given that its average daily volume over the last 5 days has been 2551680 shares a day, this signifies a pretty significant change over the norm.

Workday, Inc. (WDAY) Analyst Gushes

Analysts are speculating a 22.65% move, based on the high target price ($206) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $162.4 price target, but the stock is already up 55.88% from its recent lows. However, the stock is trading at -2.73% versus recent highs ($172.67). Analysts believe that we could see stock price minimum in the $106 range (lowest target price), allowing for another -36.89% drop from its current position. Leading up to this report, we have seen a 5.19% rise in the stock price over the last 30 days and a 27.56% increase over the past 3 months. Overall, the share price is up 5.19% so far this year. Additionally, the stock had a day price range of $164.02 to $168.1.

Workday, Inc. (WDAY) Price Potential

Heading into the stock price potential, Workday, Inc. needs to grow just 1.21% to cross its median price target of $170. In order to determine directional movement, the 50-day and 200-day moving averages for Workday, Inc. (NASDAQ:WDAY) are $156.25 and $140.74. Given that liquidity is king in short-term, WDAY is a stock with 213.18 million shares outstanding that normally trades 7.12% of its float. The stock price recently experienced a 5-day gain of 9.05% with 7.16 average true range (ATR). WDAY has a beta of 1.91 and RSI is 60.43.

Investors also need to beware of the MongoDB, Inc. (NASDAQ:MDB) valuations. The stock trades on a P/S of 0, which suggests that the shares are attractive compared with peers. The broad Computer Software: Prepackaged Software industry has an average P/S ratio of 5.47, which is significantly worse than the sector’s 2.67. In the past 3-year record, this ratio went down as low as 5.5 and as high as 21.54. Also, it is down from 0.9 of the total 1840 rivals across the globe.

MongoDB, Inc. (MDB)’s Lead Over its Technicals

MongoDB, Inc. by far traveled 198.89% versus a 1-year low price of $25.16. The share price was last seen -13.18% lower, reaching at $75.2 on Jan. 10, 2019. At recent session, the prices were hovering between $72.91 and $81.5. This company shares are 22.75% off its target price of $92.31 and the current market capitalization stands at $3.94B. The recent change has given its price a -6.41% deficit over SMA 50 and -19.34% deficit over its 52-week high. The stock witnessed -9.45% declines, 10.31% gains and 41.25% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MDB’s volatility during a week at 8.14% and during a month it has been found around 7.57%.

MongoDB, Inc. (NASDAQ:MDB) Intraday Metrics

MongoDB, Inc. (MDB) exchanged hands at an unexpectedly high level of 5914362 shares over the course of the day. Noting its average daily volume at 2333640 shares each day over the month, this signifies a pretty significant change over the norm.

MongoDB, Inc. Target Levels

The market experts are predicting a 46.28% rally, based on the high target price ($110) for MongoDB, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $63 range (lowest target price). If faced, it would be a -16.22% drop from its current position. Overall, the share price is down -10.2% year to date.