At the time of writing, Dayforce Inc [DAY] stock is trading at $59.00, up 3.96%. 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 6.17% over the last week, with a monthly amount glided 13.22%, 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 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.
For the past year, the stock price of Dayforce Inc fluctuated 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 $59.00 at the most recent close of the market. An investor can expect a potential return of 12.42% based on the average DAY price forecast.
Analyzing the DAY fundamentals
According to Dayforce Inc [NYSE:DAY], the company’s sales were 1.63B for trailing twelve months, which represents an 15.69% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
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 57.68 points at the first support level, and at 56.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.83, and for the 2nd resistance point, it is at 60.65.
Ratios To Look Out For
It is important to note that Dayforce Inc [NYSE:DAY] has a current ratio of 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 5.72, the price to book ratio is 3.81 and price to earnings (TTM) ratio is 200.00.
Transactions by insiders
Recent insider trading involved Holdridge Stephen H., President Customer&Revenue Ops, that happened on Aug 15 ’24 when 1000.0 shares were sold. Officer, STEPHEN H HOLDRIDGE completed a deal on Aug 15 ’24 to buy 1000.0 shares. Meanwhile, EVP, GC & Corporate Secretary McDonald William Everett sold 5995.0 shares on May 20 ’24.
