A new trading day began on Monday, with Dayforce Inc (NYSE: DAY) stock price up 2.73% from the previous day of trading, before settling in for the closing price of $52.11. DAY’s price has ranged from $47.08 to $75.53 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 15.64%. Meanwhile, its annual earnings per share averaged 7.73%. With a float of $155.04 million, this company’s outstanding shares have now reached $156.30 million.
Let’s determine the extent of company efficiency that accounts for 9084 employees.
Dayforce Inc (DAY) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Dayforce Inc is 1.81%, while institutional ownership is 111.75%. The most recent insider transaction that took place on May 20 ’24, was worth 379,364. In this transaction EVP, GC & Corporate Secretary of this company sold 5,995 shares at a rate of $63.28, taking the stock ownership to the 73,385 shares. Before that another transaction happened on Mar 22 ’24, when Company’s EVP, Chief Operating Officer sold 60,000 for $69.14, making the entire transaction worth $4,148,139. This insider now owns 149,319 shares in total.
Dayforce Inc (DAY) Recent Fiscal highlights
In its latest quarterly report, released on 3/31/2024, the company reported earnings of 0.32 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.41 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.73% per share during the next fiscal year.
Dayforce Inc (NYSE: DAY) Trading Performance Indicators
Here are Dayforce Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.37. Likewise, its price to free cash flow for the trailing twelve months is 81.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.33, a number that is poised to hit 0.36 in the next quarter and is forecasted to reach 2.01 in one year’s time.
Technical Analysis of Dayforce Inc (DAY)
Looking closely at Dayforce Inc (NYSE: DAY), its last 5-days average volume was 1.77 million, which is a jump from its year-to-date volume of 1.63 million. As of the previous 9 days, the stock’s Stochastic %D was 25.67%. Additionally, its Average True Range was 1.82.
During the past 100 days, Dayforce Inc’s (DAY) raw stochastic average was set at 26.18%, which indicates a significant decrease from 65.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.64% in the past 14 days, which was higher than the 36.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.65, while its 200-day Moving Average is $63.06. However, in the short run, Dayforce Inc’s stock first resistance to watch stands at $54.35. Second resistance stands at $55.16. The third major resistance level sits at $56.54. If the price goes on to break the first support level at $52.16, it is likely to go to the next support level at $50.78. Now, if the price goes above the second support level, the third support stands at $49.97.
Dayforce Inc (NYSE: DAY) Key Stats
With a market capitalization of 8.45 billion, the company has a total of 157,900K Shares Outstanding. Currently, annual sales are 1,514 M while annual income is 54,800 K. The company’s previous quarter sales were 431,500 K while its latest quarter income was 7,100 K.
