A share price of Dayforce Inc [DAY] is currently trading at $54.06, up 2.10%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DAY shares have gain 3.70% over the last week, with a monthly amount drifted -2.79%, and not 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 July 31, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $71 from $68. Previously, BMO Capital Markets reaffirmed its Outperform rating on June 11, 2024, and kept the price target unchanged to $75. On January 10, 2024, Stifel initiated with a Buy rating and assigned a price target of $75 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $87 on November 07, 2023. Goldman initiated its recommendation with a Neutral and recommended $74 as its price target on October 23, 2023. Needham upgraded its rating to Buy for this stock on October 05, 2023, but kept the price target unchanged to $82. In a note dated July 13, 2023, TD Cowen downgraded an Market Perform rating on this stock and boosted its target price from $69 to $71.
Dayforce Inc experienced fluctuations in its stock price throughout the past year between $47.08 and $75.53. Currently, Wall Street analysts expect the stock to reach $66.33 within the next 12 months. Dayforce Inc [NYSE: DAY] shares were valued at $54.06 at the most recent close of the market. An investor can expect a potential return of 22.7% based on the average DAY price forecast.
Analyzing the DAY fundamentals
Trailing Twelve Months sales for Dayforce Inc [NYSE:DAY] were 1.63B which represents 15.69% growth. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.49.
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 53.01 points at the first support level, and at 51.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.71, and for the 2nd resistance point, it is at 55.37.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Dayforce Inc [NYSE:DAY] is 1.11. Further, the Quick Ratio stands at 1.11, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 5.24, the price to book ratio is 3.49 and price to earnings (TTM) ratio is 183.25.
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.
