Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Dayforce Inc (NYSE: DAY) closed at $70.13 down -1.54% from its previous closing price of $71.23. In other words, the price has decreased by -$1.54 from its previous closing price. On the day, 1.7 million shares were traded. DAY stock price reached its highest trading level at $70.43 during the session, while it also had its lowest trading level at $69.01.
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 22.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 61.07. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.48.
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, Deutsche Bank on January 08, 2025, Downgraded its rating to Hold and sets its target price to $80 from $85 previously.
On November 19, 2024, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $75.
BMO Capital Markets reiterated its Outperform rating for the stock on November 13, 2024, while the target price for the stock was revised from $80 to $90.
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 Dec 13 ’24 when Holdridge Stephen H. sold 1,000 shares for $77.29 per share. The transaction valued at 77,290 led to the insider holds 120,022 shares of the business.
STEPHEN H HOLDRIDGE bought 1,000 shares of DAY for $77,290 on Dec 13 ’24. On Nov 26 ’24, another insider, Ossip David D, who serves as the Chairman and CEO of the company, sold 858,697 shares for $79.55 each. As a result, the insider received 68,309,346 and left with 794,527 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 11059501056 and an Enterprise Value of 11802601472. As of this moment, Dayforce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 211.23, and their Forward P/E ratio for the next fiscal year is 31.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.53 while its Price-to-Book (P/B) ratio in mrq is 4.33. Its current Enterprise Value per Revenue stands at 6.965 whereas that against EBITDA is 46.817.
Stock Price History:
Over the past 52 weeks, DAY has reached a high of $82.69, while it has fallen to a 52-week low of $47.08. The 50-Day Moving Average of the stock is -7.73%, while the 200-Day Moving Average is calculated to be 13.20%.
Shares Statistics:
For the past three months, DAY has traded an average of 1.50M shares per day and 834400 over the past ten days. A total of 157.80M shares are outstanding, with a floating share count of 148.70M. Insiders hold about 5.71% of the company’s shares, while institutions hold 113.44% stake in the company. Shares short for DAY as of 1734048000 were 10865099 with a Short Ratio of 7.24, compared to 1731628800 on 13070949. Therefore, it implies a Short% of Shares Outstanding of 10865099 and a Short% of Float of 10.3999995.
