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Dayforce Inc (DAY) Analysis & Opinions from Experts

Dayforce Inc (NYSE: DAY) is -1.36% lower on its value in year-to-date trading and has touched a low of $55.62 and a high of $75.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DAY stock was last observed hovering at around $66.05 in the last trading session, with the day’s gains setting it 0.16%.

Currently trading at $66.21, the stock is -1.68% and -3.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 0.24% at the moment leaves the stock -3.70% off its SMA200. DAY registered -3.00% loss for a year compared to 6-month gain of -1.22%. The firm has a 50-day simple moving average (SMA 50) of $7.25 and a 200-day simple moving average (SMA200) of $41.47.

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The stock witnessed a -6.81% loss in the last 1 month and extending the period to 3 months gives it a -1.53%, and is -6.60% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.87% over the week and 2.61% over the month.

Dayforce Inc (DAY) has around 9084 employees, a market worth around $10.37B and $1.51B in sales. Current P/E ratio is 192.19 and Fwd P/E is 32.45. Profit margin for the company is 3.62%. Distance from 52-week low is 19.04% and -12.34% from its 52-week high. The company has generated returns on investments over the last 12 months (1.51%).

Dayforce Inc quarterly earnings per share for the current quarter are estimated at $0.42 with sales reaching $426.08M over the same period.The EPS is expected to grow by 9.97% this year, but quarterly earnings will post 14.00% year-over-year. Quarterly sales are estimated to grow 18.00% in year-over-year returns.

Dayforce Inc (DAY) Top Institutional Holders

639 institutions hold shares in Dayforce Inc (DAY), with institutional investors hold 117.32% of the company’s shares. The shares outstanding are 156.30M, and float is at 150.24M with Short Float at 5.89%. Institutions hold 115.93% of the Float.

Dayforce Inc (DAY) Insider Activity

The most recent transaction is an insider sale by Armstrong Christopher R,the company’sEVP, Chief Operating Officer. SEC filings show that Armstrong Christopher R sold 60,000 shares of the company’s common stock on Mar 22 ’24 at a price of $69.14 per share for a total of $4.15 million. Following the sale, the insider now owns 0.15 million shares.

Dayforce Inc disclosed in a document filed with the SEC on Nov 10 ’23 that Heuland Noemie Clemence (EVP, CFO) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Nov 10 ’23 and was made at $65.18 per share for $0.2 million. Following the transaction, the insider now directly holds 58353.0 shares of the DAY stock.

Still, SEC filings show that on Nov 07 ’23, Turner Leagh Erin (Co-Chief Executive Officer) disposed off 7,084 shares at an average price of $66.05 for $0.47 million. The insider now directly holds 245,201 shares of Dayforce Inc (DAY).

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