Daily Progress: Dayforce Inc (DAY) Drop -4.68, Closing at 48.46

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In the latest session, Dayforce Inc (NYSE: DAY) closed at $48.46 down -4.68% from its previous closing price of $50.84. In other words, the price has decreased by -$4.68 from its previous closing price. On the day, 2.21 million shares were traded. DAY stock price reached its highest trading level at $51.19 during the session, while it also had its lowest trading level at $48.19.

Ratios:

For a deeper understanding of Dayforce Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 74.00. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.50.

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, BMO Capital Markets on June 11, 2024, Reiterated its Outperform rating and also kept its target price maintained to $75.

On January 10, 2024, Stifel started tracking the stock assigning a Buy rating and target price of $75.

On November 07, 2023, UBS started tracking the stock assigning a Buy rating and target price of $87.UBS initiated its Buy rating on November 07, 2023, with a $87 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 20 ’24 when McDonald William Everett sold 5,995 shares for $63.28 per share. The transaction valued at 379,364 led to the insider holds 73,385 shares of the business.

Armstrong Christopher R sold 60,000 shares of DAY for $4,148,139 on Mar 22 ’24. The EVP, Chief Operating Officer now owns 149,319 shares after completing the transaction at $69.14 per share. On Nov 10 ’23, another insider, Heuland Noemie Clemence, who serves as the EVP, CFO of the company, sold 3,000 shares for $65.18 each. As a result, the insider received 195,540 and left with 58,353 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 7651833856 and an Enterprise Value of 8498734080. As of this moment, Dayforce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 148.60, and their Forward P/E ratio for the next fiscal year is 24.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.86 while its Price-to-Book (P/B) ratio in mrq is 3.15. Its current Enterprise Value per Revenue stands at 5.397 whereas that against EBITDA is 35.649.

Stock Price History:

The Beta on a monthly basis for DAY is 1.27, which has changed by -0.2910022 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, DAY has reached a high of $75.53, while it has fallen to a 52-week low of $48.65. The 50-Day Moving Average of the stock is -12.04%, while the 200-Day Moving Average is calculated to be -24.70%.

Shares Statistics:

For the past three months, DAY has traded an average of 1.77M shares per day and 1830050 over the past ten days. A total of 156.30M shares are outstanding, with a floating share count of 155.04M. Insiders hold about 1.81% of the company’s shares, while institutions hold 110.12% stake in the company. Shares short for DAY as of 1718323200 were 13626853 with a Short Ratio of 7.70, compared to 1715731200 on 11044581. Therefore, it implies a Short% of Shares Outstanding of 13626853 and a Short% of Float of 13.020000000000001.

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