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As of close of business last night, Dayforce Inc’s stock clocked out at $57.07, down -2.53% from its previous closing price of $58.55. In other words, the price has decreased by -$2.53 from its previous closing price. On the day, 0.93 million shares were traded. DAY stock price reached its highest trading level at $58.595 during the session, while it also had its lowest trading level at $56.41.
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 19.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 73.66. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.49.
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 the company, Piper Sandler on July 31, 2024, Upgraded its rating to Overweight and sets its target price to $71 from $68 previously.
On June 11, 2024, BMO Capital Markets reiterated its Outperform ratingand also kept the price unchanged to $75.
On January 10, 2024, Stifel started tracking the stock assigning a Buy rating and target price of $75.Stifel initiated its Buy rating on January 10, 2024, with a $75 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 Aug 15 ’24 when Holdridge Stephen H. sold 1,000 shares for $55.01 per share. The transaction valued at 55,010 led to the insider holds 103,437 shares of the business.
STEPHEN H HOLDRIDGE bought 1,000 shares of DAY for $55,010 on Aug 15 ’24. On May 20 ’24, another insider, McDonald William Everett, who serves as the EVP, GC & Corporate Secretary of the company, sold 5,995 shares for $63.28 each. As a result, the insider received 379,364 and left with 73,385 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 9256754176 and an Enterprise Value of 9795767296. As of this moment, Dayforce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 193.46, and their Forward P/E ratio for the next fiscal year is 28.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.53 while its Price-to-Book (P/B) ratio in mrq is 3.68. Its current Enterprise Value per Revenue stands at 6.002 whereas that against EBITDA is 40.428.
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 $47.08. The 50-Day Moving Average of the stock is 8.12%, while the 200-Day Moving Average is calculated to be -7.41%.
Shares Statistics:
It appears that DAY traded 1.92M shares on average per day over the past three months and 1191230 shares per day over the past ten days. A total of 156.30M shares are outstanding, with a floating share count of 151.83M. Insiders hold about 3.97% of the company’s shares, while institutions hold 115.31% stake in the company. Shares short for DAY as of 1723680000 were 16688873 with a Short Ratio of 8.70, compared to 1721001600 on 17032974. Therefore, it implies a Short% of Shares Outstanding of 16688873 and a Short% of Float of 15.920000000000002.
Earnings Estimates
Dayforce Inc (DAY) is currently under the scrutiny of 15.0 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is $0.48, with high estimates of $0.67 and low estimates of $0.36.
Analysts are recommending an EPS of between $1.98 and $1.59 for the fiscal current year, implying an average EPS of $1.8. EPS for the following year is $2.09, with 16.0 analysts recommending between $2.54 and $1.78.
Revenue Estimates
In the current quarter, 16 analysts expect revenue to total $428.23M. It ranges from a high estimate of $431.7M to a low estimate of $427.2M. As of the current estimate, Dayforce Inc’s year-ago sales were $nanFor the next quarter, 16 analysts are estimating revenue of $458.13M. There is a high estimate of $461.4M for the next quarter, whereas the lowest estimate is $450.1M.
A total of 16 analysts have provided revenue estimates for DAY’s current fiscal year. The highest revenue estimate was $1.75B, while the lowest revenue estimate was $1.74B, resulting in an average revenue estimate of $1.74B. In the same quarter a year ago, actual revenue was $1.51BBased on 17 analysts’ estimates, the company’s revenue will be $1.97B in the next fiscal year. The high estimate is $2.03B and the low estimate is $1.9B.
