Dayforce Inc [DAY] stock is trading at $64.86, up 0.19%. 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 1.41% over the last week, with a monthly amount glided 7.37%, 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 September 24, 2024, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $70. Previously, Piper Sandler upgraded its rating to Overweight on July 31, 2024, and elevated its price target to $71. On June 11, 2024, BMO Capital Markets reiterated its Outperform rating but maintained its price target of $75 on the stock. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $75 on January 10, 2024. UBS initiated its recommendation with a Buy and recommended $87 as its price target on November 07, 2023. Goldman started tracking with a Neutral rating for this stock on October 23, 2023, and assigned it a price target of $74. In a note dated October 05, 2023, Needham upgraded an Buy rating on this stock but restated the target price of $82.
Dayforce Inc [DAY] stock has fluctuated between $47.08 and $74.66 over the past year. Currently, Wall Street analysts expect the stock to reach $67.25 within the next 12 months. Dayforce Inc [NYSE: DAY] shares were valued at $64.86 at the most recent close of the market. An investor can expect a potential return of 3.68% based on the average DAY price forecast.
Analyzing the DAY fundamentals
Dayforce Inc [NYSE:DAY] reported sales of 1.63B for the trailing twelve months, which represents a growth of 15.69%. 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 64.19 points at the first support level, and at 63.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.32, and for the 2nd resistance point, it is at 65.79.
Ratios To Look Out For
For context, Dayforce Inc’s Current Ratio 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 6.28, the price to book ratio is 4.19 and price to earnings (TTM) ratio is 219.86.
Transactions by insiders
Recent insider trading involved Holdridge Stephen H., President, COO, that happened on Oct 18 ’24 when 1000.0 shares were sold. Officer, STEPHEN H HOLDRIDGE completed a deal on Oct 18 ’24 to buy 1000.0 shares. Meanwhile, President, COO Holdridge Stephen H. sold 1000.0 shares on Oct 15 ’24.
