Dayforce Inc (NYSE: DAY) has a higher price-to-earnings ratio of 216.81x compared to its average ratio, The 36-month beta value for DAY is at 1.30. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for DAY is 151.84M, and currently, shorts hold a 10.83% of that float. The average trading volume for DAY on October 16, 2024 was 1.55M shares.
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DAY) stock’s latest price update
Dayforce Inc (NYSE: DAY) has experienced a rise in its stock price by 0.82 compared to its previous closing price of 63.44. However, the company has seen a gain of 5.72% in its stock price over the last five trading days. globenewswire.com reported 2024-10-10 that Attendees globally to discover new solutions, customer best practices, and breakthrough innovations at the flagship Dayforce experience; Keynote live stream open for registration Attendees globally to discover new solutions, customer best practices, and breakthrough innovations at the flagship Dayforce experience; Keynote live stream open for registration
DAY’s Market Performance
DAY’s stock has risen by 5.72% in the past week, with a monthly rise of 7.32% and a quarterly rise of 15.02%. The volatility ratio for the week is 2.32% while the volatility levels for the last 30 days are 2.35% for Dayforce Inc. The simple moving average for the past 20 days is 5.12% for DAY’s stock, with a 6.25% simple moving average for the past 200 days.
Analysts’ Opinion of DAY
Many brokerage firms have already submitted their reports for DAY stocks, with KeyBanc Capital Markets repeating the rating for DAY by listing it as a “Overweight.” The predicted price for DAY in the upcoming period, according to KeyBanc Capital Markets is $70 based on the research report published on September 24, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see DAY reach a price target of $71, previously predicting the price at $68. The rating they have provided for DAY stocks is “Overweight” according to the report published on July 31st, 2024.
BMO Capital Markets gave a rating of “Outperform” to DAY, setting the target price at $75 in the report published on June 11th of the current year.
DAY Trading at 10.59% 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 -14.83% of loss for the given period.
Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares surge +8.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.77% upper at present.
During the last 5 trading sessions, DAY rose by +5.72%, which changed the moving average for the period of 200-days by -5.93% in comparison to the 20-day moving average, which settled at $60.84. In addition, Dayforce Inc saw -4.71% 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 JEFFREY JACOBS, who proposed sale 643 shares at the price of $63.37 back on Oct 15 ’24. After this action, JEFFREY JACOBS now owns shares of Dayforce Inc, valued at $40,747 using the latest closing price.
STEPHEN H HOLDRIDGE, the Officer of Dayforce Inc, proposed sale 1,000 shares at $63.37 during a trade that took place back on Oct 15 ’24, which means that STEPHEN H HOLDRIDGE is holding shares at $63,370 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 6.67. 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
In conclusion, Dayforce Inc (DAY) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
