Ceridian HCM Holding Inc. (NYSE:CDAY) finished Friday with an addition of $0.18 to close at $128.07, an upside of 0.14 percent. An average of 625,940 shares of common stock have been traded in the last five days. There was a gain of $5.65 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 864,710 shares traded, while the 50-day average volume stands at 1,421,642.
CDAY stock has increased by 13.40% in the last month. The company shares reached their 1-month lowest point of $109.25 on 09/23/21. With the stock rallying to its 52-week high on 10/22/21, shares of the company touched a low of $78.20 and a high of $128.26 in 52 weeks. It has reached a new high 24 times so far this year and achieved 20.19% or $21.51 in price. In spite of this, the price is down -0.15% from the 52-week high.
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8 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 $7,000 shares at $122.64 per share on Oct 15. In this transaction, the insider spent $858,473. President and COO, Turner Leagh Erin, disposed of 6,000 shares at a price of $106.26 on Sep 15. The insider now owns more than $637,560 worth of shares. Prior to that, Director Throop Gerald C went on to Sale 8,736 shares at $112.70 each on Sep 09. An amount of $984,547 was transacted.
Ceridian HCM Holding Inc. (CDAY) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 38.99 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 1.37. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 21.08, the price-to-book (PB) ratio at 8.69.
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. 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%. For the broader industry, ROE averaged 3.34 over the past year.
For the three-month period that ended June 29, Ceridian HCM Holding Inc. had $1.12 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$25.8 million in the quarter, while revenues of -$19.2 million were grew 121.32%. The analyst consensus anticipated Ceridian HCM Holding Inc.’s latest quarter earnings to come in at $0.04 per share, but it turned out to be $0.06, a 50.00% 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 22 October was 79.56%, suggesting the stock is Overbought, with historical volatility in this time frame at 20.41%.
As of today, CDAY’s price is $125.64 +4.62% or $5.65 from its 5-day moving average. CDAY is currently trading +11.44% higher than its 20-day SMA and +47.16% higher than its 100-day SMA. However, the stock’s current price level is +19.43% above the SMA50 and +23.48% above the SMA200.
The stochastic %K and %D were 92.02% and 90.56%, respectively, and the average true range (ATR) was 2.99. With the 14-day stochastic at 93.28% and the average true range at 2.97, the RSI (14) stands at 74.77%. The stock has reached 2.68 on the 9-day MACD Oscillator while the 14-day reading was at 5.27.
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 $140.00, with a median target of $117.00. Taking a look at these predictions, the average price target given by analysts for Ceridian HCM Holding Inc. (CDAY) stock is $117.92.