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After finishing at $72.64 in the prior trading day, Dayforce Inc (NYSE: DAY) closed at $71.39, down -1.72%. In other words, the price has decreased by -$1.72 from its previous closing price. On the day, 1.23 million shares were traded. DAY stock price reached its highest trading level at $73.49 during the session, while it also had its lowest trading level at $70.73.
Ratios:
Our goal is to gain a better understanding of DAY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 62.17. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Scotiabank on November 19, 2024, initiated with a Sector Perform rating and assigned the stock a target price of $75.
On November 13, 2024, BMO Capital Markets reiterated its Outperform rating and also lowered its target price recommendation from $80 to $90.
BMO Capital Markets reiterated its Outperform rating for the stock on November 01, 2024, while the target price for the stock was revised from $70 to $80.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 13 ’24 when Holdridge Stephen H. sold 1,000 shares for $77.29 per share. The transaction valued at 77,290 led to the insider holds 120,022 shares of the business.
STEPHEN H HOLDRIDGE bought 1,000 shares of DAY for $77,290 on Dec 13 ’24. On Nov 26 ’24, another insider, Ossip David D, who serves as the Chairman and CEO of the company, sold 858,697 shares for $79.55 each. As a result, the insider received 68,309,346 and left with 794,527 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DAY now has a Market Capitalization of 11258203136 and an Enterprise Value of 12001302528. As of this moment, Dayforce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 215.03, and their Forward P/E ratio for the next fiscal year is 32.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.64 while its Price-to-Book (P/B) ratio in mrq is 4.41. Its current Enterprise Value per Revenue stands at 7.083 whereas that against EBITDA is 47.605.
Stock Price History:
Over the past 52 weeks, DAY has reached a high of $82.69, while it has fallen to a 52-week low of $47.08. The 50-Day Moving Average of the stock is -5.37%, while the 200-Day Moving Average is calculated to be 15.33%.
Shares Statistics:
The stock has traded on average 1.50M shares per day over the past 3-months and 1239130 shares per day over the last 10 days, according to various share statistics. A total of 157.80M shares are outstanding, with a floating share count of 148.69M. Insiders hold about 5.72% of the company’s shares, while institutions hold 113.43% stake in the company. Shares short for DAY as of 1734048000 were 10865099 with a Short Ratio of 7.22, compared to 1731628800 on 13070949. Therefore, it implies a Short% of Shares Outstanding of 10865099 and a Short% of Float of 10.3999995.
