At the time of writing, Dayforce Inc [DAY] stock is trading at $75.23, up 6.03%. 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 16.02% over the last week, with a monthly amount glided 22.15%, 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 November 01, 2024, when BMO Capital Markets reiterated its Outperform rating and also boosted its price target to $80 from $70. Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on September 24, 2024, and set its price target to $70. On July 31, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $71 on the stock. BMO Capital Markets reiterated its Outperform rating but stick to its price target of $75 on June 11, 2024. Stifel initiated its recommendation with a Buy and recommended $75 as its price target on January 10, 2024. UBS started tracking with a Buy rating for this stock on November 07, 2023, and assigned it a price target of $87. In a note dated October 23, 2023, Goldman initiated an Neutral rating and provided a target price of $74 on this stock.
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 $75.23 at the most recent close of the market. An investor can expect a potential drop of -10.61% based on the average DAY price forecast.
Analyzing the DAY fundamentals
According to Dayforce Inc [NYSE:DAY], the company’s sales were 1.69B for trailing twelve months, which represents an 16.56% 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 0.03. 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 72.15 points at the first support level, and at 69.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.86, and for the 2nd resistance point, it is at 78.49.
Ratios To Look Out For
It is important to note that Dayforce Inc [NYSE:DAY] has a current ratio of 1.15. Further, the Quick Ratio stands at 1.15, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 7.42, the price to book ratio is 4.64 and price to earnings (TTM) ratio is 226.60.
Transactions by insiders
Recent insider trading involved STEPHEN H HOLDRIDGE, Officer, that happened on Nov 01 ’24 when 2000.0 shares were purchased. President, COO, Holdridge Stephen H. completed a deal on Oct 30 ’24 to sell 2000.0 shares. Meanwhile, Officer STEPHEN H HOLDRIDGE bought 2000.0 shares on Oct 30 ’24.
