Dayforce Inc (DAY) concluded trading on Wednesday at a closing price of $59.28, with 5.4 million shares of worth about $319.92 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.64% during that period and on July 31, 2024 the price saw a gain of about 10.43%. Currently the company’s common shares owned by public are about 156.30M shares, out of which, 155.04M shares are available for trading.
Stock saw a price change of 15.58% in past 5 days and over the past one month there was a price change of 17.78%. Year-to-date (YTD), DAY shares are showing a performance of -11.68% which decreased to -16.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.08 but also hit the highest price of $75.53 during that period. The average intraday trading volume for Dayforce Inc shares is 1.94 million. The stock is currently trading 13.61% above its 20-day simple moving average (SMA20), while that difference is up 12.97% for SMA50 and it goes to -5.83% lower than SMA200.
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Dayforce Inc (NYSE: DAY) currently have 156.30M outstanding shares and institutions hold larger chunk of about 111.78% of that.
The stock has a current market capitalization of $9.36B and its 3Y-monthly beta is at 1.26. PE ratio of stock for trailing 12 months is 181.78, while it has posted earnings per share of $0.33 in the same period. Its PEG reads 10.03 and has Quick Ratio of 1.07 while making debt-to-equity ratio of 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DAY, volatility over the week remained 4.79% while standing at 3.92% over the month.
Stock’s fiscal year EPS is expected to rise by 13.96% while it is estimated to increase by 18.69% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on Aug-01-24 offering an Overweight rating for the stock and assigned a target price range of between $68 and $71 to it. Coverage by BMO Capital Markets stated Dayforce Inc (DAY) stock as an Outperform in their note to investors on June 11, 2024, suggesting a price target of $75 for the stock. On January 10, 2024, Stifel Initiated their recommendations, while on November 07, 2023, UBS Initiated their ratings for the stock with a price target of $87. Stock get a Neutral rating from Goldman on October 23, 2023.
