At the time of writing, Dayforce Inc [DAY] stock is trading at $77.53, down -0.97%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DAY shares have gain 0.41% over the last week, with a monthly amount drifted -1.81%, and not 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.
For the past year, the stock price of Dayforce Inc fluctuated between $47.08 and $82.69. Currently, Wall Street analysts expect the stock to reach $73.67 within the next 12 months. Dayforce Inc [NYSE: DAY] shares were valued at $77.53 at the most recent close of the market. An investor can expect a potential drop of -4.98% 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. 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 76.89 points at the first support level, and at 76.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.33, and for the 2nd resistance point, it is at 79.14.
Ratios To Look Out For
It is important to note that Dayforce Inc [NYSE:DAY] has a current ratio of 1.15. Also, the Quick Ratio is 1.15, while the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 7.22, the price to book ratio is 4.79 and price to earnings (TTM) ratio is 233.52.
Transactions by insiders
Recent insider trading involved Ossip David D, Chairman and CEO, that happened on Nov 26 ’24 when 0.86 million shares were sold. Officer, David Ossip completed a deal on Nov 26 ’24 to buy 0.86 million shares. Meanwhile, President, COO Holdridge Stephen H. sold 1000.0 shares on Nov 15 ’24.
