Dayforce Inc [NYSE: DAY] price plunged by -6.00 percent to reach at -$3.68.
The one-year DAY stock forecast points to a potential upside of 25.47. The average equity rating for DAY stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Dayforce Inc [DAY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DAY shares is $77.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DAY stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Dayforce Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 10, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Buy. The new note on the price target was released on November 07, 2023, representing the official price target for Dayforce Inc stock. Previously, the target price had yet another raise to $74, while Goldman analysts kept a Neutral rating on DAY stock.
The Average True Range (ATR) for Dayforce Inc is set at 2.25, with the Price to Sales ratio for DAY stock in the period of the last 12 months amounting to 5.93. The Price to Book ratio for the last quarter was 3.76, with the Price to Cash per share for the same quarter was set at 3.67. Price to Free Cash Flow for DAY in the course of the last twelve months was 85.39 with Quick ratio for the last quarter at 1.12.
DAY Stock Performance Analysis:
Dayforce Inc [DAY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.37. With this latest performance, DAY shares dropped by -10.81% in over the last four-week period, additionally sinking by -8.63% over the last 6 months – not to mention a drop of -11.49% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DAY stock in for the last two-week period is set at 36.40, with the RSI for the last a single of trading hit 34.23, and the three-weeks RSI is set at 38.04 for Dayforce Inc [DAY]. The present Moving Average for the last 50 days of trading for this stock 65.02, while it was recorded at 60.32 for the last single week of trading, and 68.16 for the last 200 days.
Insight into Dayforce Inc Fundamentals:
Dayforce Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.12 and a Current Ratio set at 1.12.
DAY Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DAY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dayforce Inc go to 21.86%.
Dayforce Inc [DAY] Institutonal Ownership Details
The top three institutional holders of DAY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in DAY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in DAY stock with ownership which is approximately 5.8386%.
