Dayforce Inc [NYSE: DAY] traded at a high on Wednesday, posting a 7.29 gain after which it closed the day’ session at $70.08.
The results of the trading session contributed to over 4396999 shares changing hands. Over the past one week, the price volatility of Dayforce Inc stands at 4.79% while the volatility over the past one month is 2.72%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for DAY stock reached $11.08 billion, with 156.30 million shares outstanding and 151.84 million shares in the current float. Compared to the average trading volume of 1.43M shares, DAY reached a trading volume of 4396999 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $76.33 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 1.85. 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.
KeyBanc Capital Markets have made an estimate for Dayforce Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 24, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $68 to $71. The new note on the price target was released on July 31, 2024, representing the official price target for Dayforce Inc stock. Previously, the target price had yet another raise to $75, while BMO Capital Markets analysts kept a Outperform rating on DAY stock.
The Average True Range (ATR) for Dayforce Inc is set at 2.01, with the Price to Sales ratio for DAY stock in the period of the last 12 months amounting to 6.79. The Price to Book ratio for the last quarter was 4.52, with the Price to Cash per share for the same quarter was set at 2.95. Price to Free Cash Flow for DAY in the course of the last twelve months was 90.45 with Quick ratio for the last quarter at 1.11.
How has DAY stock performed recently?
Dayforce Inc [DAY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.05. With this latest performance, DAY shares gained by 15.26% in over the last four-week period, additionally plugging by 21.48% over the last 6 months – not to mention a rise of 10.99% 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 82.77, with the RSI for the last a single of trading hit 89.63, and the three-weeks RSI is set at 76.66 for Dayforce Inc [DAY]. The present Moving Average for the last 50 days of trading for this stock 60.37, while it was recorded at 66.08 for the last single week of trading, and 60.20 for the last 200 days.
Dayforce Inc [DAY]: Deeper insight into the fundamentals
Dayforce Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.11 and a Current Ratio set at 1.11.
Earnings analysis for Dayforce Inc [DAY]
With the latest financial reports released by the company, Dayforce Inc posted 0.37/share EPS, while the average EPS was predicted by analysts to be reported at 0.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.07. 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 25.91%.