The stock of Dayforce Inc (DAY) has gone up by 2.21% for the week, with a 6.50% rise in the past month and a 20.38% rise in the past quarter. The volatility ratio for the week is 2.34%, and the volatility levels for the past 30 days are 3.15% for DAY. The simple moving average for the past 20 days is 3.92% for DAY’s stock, with a -2.83% simple moving average for the past 200 days.
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 200.61x. The stock has a 36-month beta value of 1.29. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 4 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for DAY is 151.84M, and at present, short sellers hold a 10.81% of that float. On September 19, 2024, the average trading volume of DAY was 1.76M shares.
DAY) stock’s latest price update
Dayforce Inc (NYSE: DAY)’s stock price has plunge by 0.32relation to previous closing price of 58.99. Nevertheless, the company has seen a 2.21% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-11 that Secures Interim Approval to Access Debtor-in-Possession Financing Reiterates Commitment to Continue Providing Customers with Unmistakable Value and Extreme Bargains COLUMBUS, Ohio, Sept. 11, 2024 /PRNewswire/ — Big Lots, Inc. (NYSE: BIG) (the “Company”) today announced that it received interim Court approval for certain “first day” motions related to the Company’s voluntary Chapter 11 proceedings.
Analysts’ Opinion of DAY
Many brokerage firms have already submitted their reports for DAY stocks, with Piper Sandler repeating the rating for DAY by listing it as a “Overweight.” The predicted price for DAY in the upcoming period, according to Piper Sandler is $71 based on the research report published on July 31, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see DAY reach a price target of $75. The rating they have provided for DAY stocks is “Outperform” according to the report published on June 11th, 2024.
Stifel gave a rating of “Buy” to DAY, setting the target price at $75 in the report published on January 10th of the current year.
DAY Trading at 8.02% 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 -21.44% of loss for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +8.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.48% upper at present.
During the last 5 trading sessions, DAY rose by +2.21%, which changed the moving average for the period of 200-days by -14.11% in comparison to the 20-day moving average, which settled at $57.17. In addition, Dayforce Inc saw -11.83% 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 Holdridge Stephen H., who sale 1,000 shares at the price of $60.06 back on Sep 16 ’24. After this action, Holdridge Stephen H. now owns 102,437 shares of Dayforce Inc, valued at $60,060 using the latest closing price.
STEPHEN H HOLDRIDGE, the Officer of Dayforce Inc, proposed sale 1,000 shares at $60.06 during a trade that took place back on Sep 16 ’24, which means that STEPHEN H HOLDRIDGE is holding shares at $60,060 based on the most recent closing price.
Stock Fundamentals for DAY
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.46 for the gross margin
The net margin for Dayforce Inc stands at 0.03. The total capital return value is set at 0.03. Equity return is now at value 2.00, with 0.55 for asset returns.
Based on Dayforce Inc (DAY), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 3.09.
Currently, EBITDA for the company is 264.6 million with net debt to EBITDA at 2.76. When we switch over and look at the enterprise to sales, we see a ratio of 6.21. The receivables turnover for the company is 6.26for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
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.
