For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Dayforce Inc’s stock clocked out at $60.95, down -0.64% from its previous closing price of $61.34. In other words, the price has decreased by -$0.64 from its previous closing price. On the day, 1.42 million shares were traded. DAY stock price reached its highest trading level at $61.79 during the session, while it also had its lowest trading level at $60.43.
Ratios:
To gain a deeper understanding of DAY’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 90.21. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 9481503744 and an Enterprise Value of 10218070016. As of this moment, Dayforce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 176.92, and their Forward P/E ratio for the next fiscal year is 29.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.26 while its Price-to-Book (P/B) ratio in mrq is 3.97. Its current Enterprise Value per Revenue stands at 6.75 whereas that against EBITDA is 47.995.
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 -9.48%, while the 200-Day Moving Average is calculated to be -11.06%.
Shares Statistics:
It appears that DAY traded 1.42M shares on average per day over the past three months and 1382160 shares per day over the past ten days. 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 109.76% 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.
