Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Dayforce Inc before investing.

In this article, we go over a few key elements for understanding Dayforce Inc’s stock price such as:

• Dayforce Inc’s current stock price and volume
• Why Dayforce Inc’s stock price changed recently
• Upgrades and downgrades for DAY from analysts
• DAY’s stock price momentum as measured by its relative strength

About Dayforce Inc (DAY)

Before we jump into Dayforce Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Dayforce, Inc. is a global human capital management (HCM) software company. The Company’s Dayforce, which is a flagship cloud HCM platform, provides a full suite of HCM functionality, including global human resources (HR), payroll and tax, workforce management, benefits, and talent intelligence functionality. The Company also sells Powerpay, a cloud HR and payroll solution for the Canadian small business market, through both direct sales and established partner channels. Dayforce Human Resources provides HR professionals, managers, and employees a single, complete record of all of their HR information. Dayforce Workforce Management helps organizations manage their workforces by configuring the system to meet complex employment and working time rules and policies. Dayforce Wallet is a digital payment solution that gives employees instant access to their net earnings. The Company also offer payroll and payroll-related services using legacy technology and on-premises technology.

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Dayforce Inc’s Stock Price as of Market Close

As of July 08, 2024, 4:00 PM, CST, Dayforce Inc’s stock price was $48.46.

Dayforce Inc is down 4.68% from its previous closing price of $50.84.

During the last market session, Dayforce Inc’s stock traded between $50.71 and $51.32. Currently, there are 156.90 million shares of Dayforce Inc stock available for purchase.

Dayforce Inc’s price-earnings (P/E) ratio is currently at 156.1, which is high compared to the Software industry median of 46.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Dayforce Inc Stock Price History

Dayforce Inc’s (DAY) price is currently down 2.3% so far this month.

During the month of July, Dayforce Inc’s stock price has reached a high of $52.36 and a low of $48.19.

Over the last year, Dayforce Inc has hit prices as high as $75.53 and as low as $48.65. Year to date, Dayforce Inc’s stock is down 24.46%.

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What Caused Dayforce Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 05, 2024, there were 2 analysts who downgraded Dayforce Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Dayforce Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Dayforce Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Dayforce Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Dayforce Inc (DAY) by visiting AAII Stock Evaluator.

Relative Price Strength of Dayforce Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 05, 2024, Dayforce Inc has a weighted four-quarter relative price strength of -12.85%, which translates to a Momentum Score of 30 and is considered to be Weak.

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Dayforce Inc Stock Price: Bottom Line

As of July 8, 2024, Dayforce Inc’s stock price is $48.46, which is down 4.68% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Dayforce Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.