Ceridian HCM Holding Inc. (NYSE:CDAY) finished Wednesday with an addition of $2.91 to close at $122.84, an upside of 2.43 percent. An average of 932,420 shares of common stock have been traded in the last five days. There was a gain of $6.73 in the past week. The last 20 days have seen an average of 2,400,310 shares traded, while the 50-day average volume stands at 1,529,764.
CDAY stock has increased by 14.85% in the last month. The company shares reached their 1-month lowest point of $104.89 on 09/20/21. With the stock rallying to its 52-week high on 10/13/21, shares of the company touched a low of $78.20 and a high of $120.88 in 52 weeks. In spite of this, the price is up 1.62% from the 52-week high.
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29 days have passed since Ceridian HCM Holding Inc. (CDAY) last reported insider trading activity. Turner Leagh Erin, who is President and COO, most recently acquired $6,000 shares at $106.26 per share on Sep 15. In this transaction, the insider spent $637,560. Director, Throop Gerald C, disposed of 8,736 shares at a price of $112.70 on Sep 09. The insider now owns more than $984,547 worth of shares. Prior to that, Head of Acct & Fin Reporting Jacobs Jeffrey Scott went on to Sale 1,000 shares at $115.00 each on Sep 03. An amount of $115,000 was transacted.
Ceridian HCM Holding Inc. (CDAY) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.24 for the sector. In the last five years, Ceridian HCM Holding Inc.’s PE ratio has ranged between 1377.00 and 74.86. The stock’s beta is 1.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 20.12, the price-to-book (PB) ratio at 8.34.
The quick ratio of Ceridian HCM Holding Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.51 and a total debt to equity ratio of 0.51 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 38.10% against a 5-year average of 40.8%. Ceridian HCM Holding Inc.’s EBITDA margin for the year ending June 29 is 9.19%, while its operating margin for the same period stands at -9.20%. Its gross profit as reported stood at $341.3 million compared to revenue of $842.5 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ceridian HCM Holding Inc.’s return on assets was -0.90%, compared to -0.3% over the last five years. In the past year, the return on investment has been -0.10%, and the 5-year average is 0.8%. Meanwhile, the return on equity (ROE) for the past 12 months has been -3.00% and the 5-year average holds at -3.1%. For the broader industry, ROE averaged 3.34 over the past year.
The analyst consensus anticipated Ceridian HCM Holding Inc.’s latest quarter earnings to come in at $0.06 per share, but it turned out to be $0.08, a 33.30% surprise. For the quarter, EBITDA amounted to $8.7 million. Shareholders own equity worth $149.86 million.
From a technical analysis perspective, let’s take a brief look at Ceridian HCM Holding Inc. (CDAY) price momentum. RSI 9-day as of the close on 13 October was 73.27%, suggesting the stock is Overbought, with historical volatility in this time frame at 31.46%.
As of today, CDAY’s price is $119.44 +5.80% or $6.73 from its 5-day moving average. CDAY is currently trading +14.15% higher than its 20-day SMA and +39.86% higher than its 100-day SMA. However, the stock’s current price level is +25.90% above the SMA50 and +15.16% above the SMA200.
The stochastic %K and %D were 87.84% and 86.75%, respectively, and the average true range (ATR) was 3.23. With the 14-day stochastic at 94.69% and the average true range at 3.12, the RSI (14) stands at 69.51%. The stock has reached 2.90 on the 9-day MACD Oscillator while the 14-day reading was at 4.02.
DA Davidson launched coverage on Ceridian HCM Holding Inc. (NYSE: CDAY) in its analyst report released on October 13, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Ceridian HCM Holding Inc. (CDAY) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CDAY, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is CDAY’s price target for the next 12 months?
Analysts predict a range of price targets between $95.00 and $135.00, with a median target of $112.50. Taking a look at these predictions, the average price target given by analysts for Ceridian HCM Holding Inc. (CDAY) stock is $115.33.