The stock of Dayforce Inc (DAY) has seen a -3.46% decrease in the past week, with a -10.73% drop in the past month, and a 15.92% flourish in the past quarter. The volatility ratio for the week is 2.96%, and the volatility levels for the past 30 days are at 2.37% for DAY. The simple moving average for the last 20 days is -5.77% for DAY stock, with a simple moving average of 13.20% for the last 200 days.
Is It Worth Investing in Dayforce Inc (NYSE: DAY) Right Now?
The price-to-earnings ratio for Dayforce Inc (NYSE: DAY) is 211.23x, which is above its average ratio. Moreover, the 36-month beta value for DAY is 1.27. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for DAY is 148.70M and currently, short sellers hold a 7.31% of that float. On January 10, 2025, DAY’s average trading volume was 1.50M shares.
DAY) stock’s latest price update
The stock of Dayforce Inc (NYSE: DAY) has decreased by -1.54 when compared to last closing price of 71.23. Despite this, the company has experienced a -3.46% fall in its stock price over the last five trading sessions. https://thefly.com reported 2024-12-06 that Barclays raised the firm’s price target on Dayforce to $84 from $80 and keeps an Equal Weight rating on the shares. With software “back in favor again,” valuation levels have now caught up to historical averages, the analyst tells investors in a research note. However, the firm says there could be further upside as estimates have not moved higher yet and as base valuations shift out another year to 2026.
Analysts’ Opinion of DAY
Many brokerage firms have already submitted their reports for DAY stocks, with Deutsche Bank repeating the rating for DAY by listing it as a “Hold.” The predicted price for DAY in the upcoming period, according to Deutsche Bank is $80 based on the research report published on January 08, 2025 of the current year 2025.
Scotiabank, 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 “Sector Perform” according to the report published on November 19th, 2024.
BMO Capital Markets gave a rating of “Outperform” to DAY, setting the target price at $90 in the report published on November 13th of the previous year.
DAY Trading at -7.73% 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 -15.19% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares sank -11.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.16% upper at present.
During the last 5 trading sessions, DAY fell by -3.46%, which changed the moving average for the period of 200-days by +1.39% in comparison to the 20-day moving average, which settled at $74.42. In addition, Dayforce Inc saw -3.46% 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 $77.29 back on Dec 13 ’24. After this action, Holdridge Stephen H. now owns 120,022 shares of Dayforce Inc, valued at $77,290 using the latest closing price.
STEPHEN H HOLDRIDGE, the Officer of Dayforce Inc, proposed sale 1,000 shares at $77.29 during a trade that took place back on Dec 13 ’24, which means that STEPHEN H HOLDRIDGE is holding shares at $77,290 based on the most recent closing price.
Stock Fundamentals for DAY
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.47 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 2.19, with 0.62 for asset returns.
Based on Dayforce Inc (DAY), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 2.97.
Currently, EBITDA for the company is 264.6 million with net debt to EBITDA at 2.48. When we switch over and look at the enterprise to sales, we see a ratio of 6.97. The receivables turnover for the company is 6.62for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.
Conclusion
To wrap up, the performance of Dayforce Inc (DAY) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
