In the past week, DAY stock has gone up by 0.88%, with a monthly decline of -1.76% and a quarterly plunge of -14.39%. The volatility ratio for the week is 3.80%, and the volatility levels for the last 30 days are 4.47% for Dayforce Inc The simple moving average for the past 20 days is -1.18% for DAY’s stock, with a -14.79% simple moving average for the past 200 days.
Is It Worth Investing in Dayforce Inc (NYSE: DAY) Right Now?
The price-to-earnings ratio for Dayforce Inc (NYSE: DAY) is 179.49x, which is above its average ratio. Moreover, the 36-month beta value for DAY is 1.31. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for DAY is 155.74M and currently, short sellers hold a 10.46% of that float. On August 14, 2024, DAY’s average trading volume was 1.99M shares.
DAY) stock’s latest price update
Dayforce Inc (NYSE: DAY)’s stock price has plunge by 3.66relation to previous closing price of 51.08. Nevertheless, the company has seen a 0.88% surge in its stock price over the last five trading sessions. zacks.com reported 2024-08-12 that We have narrowed our search to three mid-cap Internet software stocks with strong potential for the rest of 2024. These are: TWLO, DAY, APPF.
Analysts’ Opinion of DAY
Many brokerage firms have already submitted their reports for DAY stocks, with Piper Sandler repeating the rating for DAY by listing it as a “Overweight.” The predicted price for DAY in the upcoming period, according to Piper Sandler is $71 based on the research report published on July 31, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see DAY reach a price target of $75. The rating they have provided for DAY stocks is “Outperform” according to the report published on June 11th, 2024.
Stifel gave a rating of “Buy” to DAY, setting the target price at $75 in the report published on January 10th of the current year.
DAY Trading at 2.46% from the 50-Day Moving Average
After a stumble in the market that brought DAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.90% of loss for the given period.
Volatility was left at 4.47%, however, over the last 30 days, the volatility rate increased by 3.80%, as shares sank -4.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.06% upper at present.
During the last 5 trading sessions, DAY rose by +0.88%, which changed the moving average for the period of 200-days by -18.74% in comparison to the 20-day moving average, which settled at $53.45. In addition, Dayforce Inc saw -21.11% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DAY starting from McDonald William Everett, who sale 5,995 shares at the price of $63.28 back on May 20 ’24. After this action, McDonald William Everett now owns 73,385 shares of Dayforce Inc, valued at $379,364 using the latest closing price.
Armstrong Christopher R, the EVP, Chief Operating Officer of Dayforce Inc, sale 60,000 shares at $69.14 during a trade that took place back on Mar 22 ’24, which means that Armstrong Christopher R is holding 149,319 shares at $4,148,139 based on the most recent closing price.
Stock Fundamentals for DAY
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.46 for the gross margin
The net margin for Dayforce Inc stands at 0.03. The total capital return value is set at 0.03. Equity return is now at value 2.00, with 0.55 for asset returns.
Based on Dayforce Inc (DAY), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 3.09.
Currently, EBITDA for the company is 264.6 million with net debt to EBITDA at 2.76. When we switch over and look at the enterprise to sales, we see a ratio of 5.6. The receivables turnover for the company is 6.26for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
To wrap up, the performance of Dayforce Inc (DAY) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
