At the time of writing, Dayforce Inc [DAY] stock is trading at $70.08, up 7.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DAY shares have gain 8.05% over the last week, with a monthly amount glided 15.26%, 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.
For the past year, the stock price of Dayforce Inc fluctuated between $47.08 and $74.66. Currently, Wall Street analysts expect the stock to reach $67.25 within the next 12 months. Dayforce Inc [NYSE: DAY] shares were valued at $70.08 at the most recent close of the market. An investor can expect a potential drop of -4.04% 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 0.47% with Operating Profit Margin at 0.07%, 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 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
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 63.87 points at the first support level, and at 57.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.94, and for the 2nd resistance point, it is at 77.79.
Ratios To Look Out For
It is important to note that Dayforce Inc [NYSE:DAY] has a current ratio of 1.11. As well, the Quick Ratio is 1.11, while the Cash Ratio is 1.81. Considering the valuation of this stock, the price to sales ratio is 6.79, the price to book ratio is 4.52 and price to earnings (TTM) ratio is 237.56.
Transactions by insiders
Recent insider trading involved STEPHEN H HOLDRIDGE, Officer, that happened on Oct 30 ’24 when 2000.0 shares were purchased. President, COO, Holdridge Stephen H. completed a deal on Oct 18 ’24 to sell 1000.0 shares. Meanwhile, Officer STEPHEN H HOLDRIDGE bought 1000.0 shares on Oct 18 ’24.
