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After finishing at $59.28 in the prior trading day, Dayforce Inc (NYSE: DAY) closed at $59.70, up 0.71%. In other words, the price has increased by $0.71 from its previous closing price. On the day, 1.61 million shares were traded. DAY stock price reached its highest trading level at $59.74 during the session, while it also had its lowest trading level at $58.07.
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 16.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 88.36. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.51.
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, Stifel on January 10, 2024, initiated with a Buy rating and assigned the stock a target price of $75.
On November 07, 2023, UBS started tracking the stock assigning a Buy rating and target price of $87.
On October 23, 2023, Goldman started tracking the stock assigning a Neutral rating and target price of $74.Goldman initiated its Neutral rating on October 23, 2023, with a $74 target price.
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 Mar 22 ’24 when Armstrong Christopher R sold 60,000 shares for $69.14 per share. The transaction valued at 4,148,139 led to the insider holds 149,319 shares of the business.
Heuland Noemie Clemence sold 3,000 shares of DAY for $195,540 on Nov 10 ’23. The EVP, CFO now owns 58,353 shares after completing the transaction at $65.18 per share. On Nov 07 ’23, another insider, Turner Leagh Erin, who serves as the Co-Chief Executive Officer of the company, sold 7,084 shares for $66.05 each. As a result, the insider received 467,930 and left with 245,201 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 9287051264 and an Enterprise Value of 10022320128. As of this moment, Dayforce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 173.29, and their Forward P/E ratio for the next fiscal year is 29.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.14 while its Price-to-Book (P/B) ratio in mrq is 3.89. Its current Enterprise Value per Revenue stands at 6.621 whereas that against EBITDA is 47.075.
Stock Price History:
Over the past 52 weeks, DAY has reached a high of $75.53, while it has fallen to a 52-week low of $55.62. The 50-Day Moving Average of the stock is -10.18%, while the 200-Day Moving Average is calculated to be -12.73%.
Shares Statistics:
The stock has traded on average 1.42M shares per day over the past 3-months and 1394050 shares per day over the last 10 days, according to various share statistics. A total of 156.30M shares are outstanding, with a floating share count of 149.26M. Insiders hold about 4.05% of the company’s shares, while institutions hold 109.75% stake in the company. Shares short for DAY as of 1711584000 were 9687871 with a Short Ratio of 6.81, compared to 1709164800 on 9478195. Therefore, it implies a Short% of Shares Outstanding of 9687871 and a Short% of Float of 9.47.
Earnings Estimates
Investors are keenly observing as 10.0 analysts analyze and rate the current performance of Dayforce Inc (DAY) in the stock market.On average, analysts expect EPS of $0.59 for the current quarter, with a high estimate of $0.66 and a low estimate of $0.49, while EPS last year was $0.41. The consensus estimate for the next quarter is $0.55, with high estimates of $0.62 and low estimates of $0.48.
Analysts are recommending an EPS of between $2.52 and $1.95 for the fiscal current year, implying an average EPS of $2.28. EPS for the following year is $2.77, with 9.0 analysts recommending between $3.29 and $2.18.
Revenue Estimates
11 analysts predict $583.61M in revenue for the current quarter. It ranges from a high estimate of $587.75M to a low estimate of $582.27M. As of the current estimate, Dayforce Inc’s year-ago sales were $491.05MFor the next quarter, 11 analysts are estimating revenue of $572.82M. There is a high estimate of $580.08M for the next quarter, whereas the lowest estimate is $566.75M.
A total of 11 analysts have provided revenue estimates for DAY’s current fiscal year. The highest revenue estimate was $2.38B, while the lowest revenue estimate was $2.36B, resulting in an average revenue estimate of $2.37B. In the same quarter a year ago, actual revenue was $2.07BBased on 10 analysts’ estimates, the company’s revenue will be $2.69B in the next fiscal year. The high estimate is $2.74B and the low estimate is $2.67B.
