The stock price of Dayforce Inc (NYSE: DAY) has plunged by -0.37 when compared to previous closing price of 59.18, but the company has seen a 2.20% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that The headline numbers for Dayforce (DAY) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Dayforce Inc (NYSE: DAY) Right Now?
Dayforce Inc (NYSE: DAY) has a price-to-earnings ratio that is above its average at 180.80x. The stock has a 36-month beta value of 1.30. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DAY is 151.50M, and at present, short sellers hold a 6.56% of that float. On May 09, 2024, the average trading volume of DAY was 1.45M shares.
DAY’s Market Performance
DAY stock saw a decrease of 2.20% in the past week, with a monthly decline of -8.02% and a quarterly a decrease of -14.93%. The volatility ratio for the week is 3.93%, and the volatility levels for the last 30 days are 3.54% for Dayforce Inc (DAY). The simple moving average for the last 20 days is -1.48% for DAY stock, with a simple moving average of -13.19% for the last 200 days.
Analysts’ Opinion of DAY
Many brokerage firms have already submitted their reports for DAY stocks, with Stifel repeating the rating for DAY by listing it as a “Buy.” The predicted price for DAY in the upcoming period, according to Stifel is $75 based on the research report published on January 10, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see DAY reach a price target of $87. The rating they have provided for DAY stocks is “Buy” according to the report published on November 07th, 2023.
Goldman gave a rating of “Neutral” to DAY, setting the target price at $74 in the report published on October 23rd of the previous year.
DAY Trading at -7.84% from the 50-Day Moving Average
After a stumble in the market that brought DAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.94% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 3.93%, as shares sank -5.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.01% lower at present.
During the last 5 trading sessions, DAY rose by +2.20%, which changed the moving average for the period of 200-days by -13.83% in comparison to the 20-day moving average, which settled at $59.68. In addition, Dayforce Inc saw -12.16% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DAY starting from Armstrong Christopher R, who sale 60,000 shares at the price of $69.14 back on Mar 22 ’24. After this action, Armstrong Christopher R now owns 149,319 shares of Dayforce Inc, valued at $4,148,139 using the latest closing price.
Heuland Noemie Clemence, the EVP, CFO of Dayforce Inc, sale 3,000 shares at $65.18 during a trade that took place back on Nov 10 ’23, which means that Heuland Noemie Clemence is holding 58,353 shares at $195,540 based on the most recent closing price.
Stock Fundamentals for DAY
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.44 for the gross margin
The net margin for Dayforce Inc stands at 0.03. The total capital return value is set at 0.04. Equity return is now at value 2.25, with 0.50 for asset returns.
Based on Dayforce Inc (DAY), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 3.37.
Currently, EBITDA for the company is 264.6 million with net debt to EBITDA at 3.3. When we switch over and look at the enterprise to sales, we see a ratio of 6.45. The receivables turnover for the company is 5.71for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To sum up, Dayforce Inc (DAY) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
