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As of close of business last night, Dayforce Inc’s stock clocked out at $61.59, down -0.28% from its previous closing price of $61.76. In other words, the price has decreased by -$0.28 from its previous closing price. On the day, 1.23 million shares were traded. DAY stock price reached its highest trading level at $62.19 during the session, while it also had its lowest trading level at $61.35.
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 20.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 79.49. 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 this company, KeyBanc Capital Markets on September 24, 2024, initiated with a Overweight rating and assigned the stock a target price of $70.
On July 31, 2024, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $68 to $71.
BMO Capital Markets reiterated its Outperform rating for the stock on June 11, 2024, and also maintained the target price at $75.
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 Oct 01 ’24 when Jacobs Jeffrey Scott sold 376 shares for $61.10 per share. The transaction valued at 22,974 led to the insider holds 34,217 shares of the business.
Holdridge Stephen H. sold 1,000 shares of DAY for $60,060 on Sep 16 ’24. The President, COO now owns 102,437 shares after completing the transaction at $60.06 per share. On Sep 16 ’24, another insider, STEPHEN H HOLDRIDGE, who serves as the Officer of the company, bought 1,000 shares for $60.06 each.
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 9764232192 and an Enterprise Value of 10510379008. As of this moment, Dayforce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 208.78, and their Forward P/E ratio for the next fiscal year is 29.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.97 while its Price-to-Book (P/B) ratio in mrq is 3.98. Its current Enterprise Value per Revenue stands at 6.44 whereas that against EBITDA is 43.378.
Stock Price History:
Over the past 52 weeks, DAY has reached a high of $75.33, while it has fallen to a 52-week low of $47.08. The 50-Day Moving Average of the stock is 9.28%, while the 200-Day Moving Average is calculated to be 1.89%.
Shares Statistics:
It appears that DAY traded 1.69M shares on average per day over the past three months and 1598290 shares per day over the past ten days. A total of 156.30M shares are outstanding, with a floating share count of 151.84M. Insiders hold about 3.96% of the company’s shares, while institutions hold 114.22% stake in the company. Shares short for DAY as of 1726185600 were 16574192 with a Short Ratio of 9.82, compared to 1723680000 on 16688873. Therefore, it implies a Short% of Shares Outstanding of 16574192 and a Short% of Float of 15.810001000000002.
