A share price of Dayforce Inc [DAY] is currently trading at $50.75, up 0.83%. An important factor to consider is whether the stock is rising or falling in short-term value. The DAY shares have gain 2.11% over the last week, with a monthly amount glided 2.61%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Dayforce Inc [NYSE: DAY] stock has seen the most recent analyst activity on June 11, 2024, when BMO Capital Markets reiterated its Outperform rating but kept the price target unchanged to $75 for it. Previously, Stifel started tracking the stock with Buy rating on January 10, 2024, and set its price target to $75. On November 07, 2023, UBS initiated with a Buy rating and assigned a price target of $87 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $74 on October 23, 2023. Needham upgraded its rating to a Buy but $82 remained the price target by the analyst firm on October 05, 2023. TD Cowen downgraded its rating to Market Perform for this stock on July 13, 2023, and upped its price target to $71. In a note dated January 09, 2023, MoffettNathanson initiated an Market Perform rating and provided a target price of $68 on this stock.
Dayforce Inc experienced fluctuations in its stock price throughout the past year between $48.65 and $75.53. Currently, Wall Street analysts expect the stock to reach $65.33 within the next 12 months. Dayforce Inc [NYSE: DAY] shares were valued at $50.75 at the most recent close of the market. An investor can expect a potential return of 28.73% based on the average DAY price forecast.
Analyzing the DAY fundamentals
Trailing Twelve Months sales for Dayforce Inc [NYSE:DAY] were 1.57B which represents 16.43% growth. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 49.95 points at the first support level, and at 49.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.24, and for the 2nd resistance point, it is at 51.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Dayforce Inc [NYSE:DAY] is 1.07. On the other hand, the Quick Ratio is 1.07, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 5.09, the price to book ratio is 3.29 and price to earnings (TTM) ratio is 155.63.
Transactions by insiders
Recent insider trading involved McDonald William Everett, EVP, GC & Corporate Secretary, that happened on May 20 ’24 when 5995.0 shares were sold. EVP, Chief Operating Officer, Armstrong Christopher R completed a deal on Mar 22 ’24 to sell 60000.0 shares. Meanwhile, EVP, CFO Heuland Noemie Clemence sold 3000.0 shares on Nov 10 ’23.
