Dayforce Inc [DAY] stock is trading at $78.70, up 3.68%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DAY shares have gain 2.55% over the last week, with a monthly amount glided 21.34%, 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 19, 2024, when Scotiabank initiated its Sector Perform rating and assigned the stock a price target of $75. Previously, BMO Capital Markets reaffirmed its Outperform rating on November 13, 2024, and elevated its price target to $90. On November 01, 2024, BMO Capital Markets reiterated its Outperform rating and revised its price target to $80 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $70 on September 24, 2024. Piper Sandler upgraded its rating to a Overweight and raised its price target to $71 on July 31, 2024. BMO Capital Markets reiterated a Outperform rating for this stock on June 11, 2024, but kept the price target unchanged to $75. In a note dated January 10, 2024, Stifel initiated an Buy rating and provided a target price of $75 on this stock.
Dayforce Inc [DAY] stock has fluctuated between $47.08 and $81.32 over the past year. Currently, Wall Street analysts expect the stock to reach $68.5 within the next 12 months. Dayforce Inc [NYSE: DAY] shares were valued at $78.70 at the most recent close of the market. An investor can expect a potential drop of -12.96% based on the average DAY price forecast.
Analyzing the DAY fundamentals
Dayforce Inc [NYSE:DAY] reported sales of 1.69B for the trailing twelve months, which represents a growth of 16.56%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.
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 76.94 points at the first support level, and at 75.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.60, and for the 2nd resistance point, it is at 80.49.
Ratios To Look Out For
For context, Dayforce Inc’s Current Ratio is 1.15. In addition, the Quick Ratio stands at 1.15 and the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 7.32, the price to book ratio is 4.86 and price to earnings (TTM) ratio is 237.05.
Transactions by insiders
Recent insider trading involved Holdridge Stephen H., President, COO, that happened on Nov 15 ’24 when 1000.0 shares were sold. Officer, STEPHEN H HOLDRIDGE completed a deal on Nov 15 ’24 to buy 1000.0 shares. Meanwhile, President, COO Holdridge Stephen H. sold 1000.0 shares on Nov 05 ’24.
