As of Thursday close, Ceridian HCM Holding Inc.’s (NYSE:CDAY) stock was down -$2.29, moving down -3.35 percent to $65.99. The average number of shares traded per day over the past five days has been 1,298,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$8.02 fall in that time frame. In the last twenty days, the average volume was 950,950, while in the previous 50 days, it was 1,238,620.
Since last month, CDAY stock retreated -5.61%. Shares of the company fell to $65.79 on 09/21/23, the lowest level in the past month. A 52-week high of $79.66 was reached on 02/09/23 after having rallying from a 52-week low of $51.52. Since the beginning of this year, CDAY’s stock price has risen by 2.87% or $1.84, and marked a new high 11 times. However, the stock has declined by -17.16% since its 52-week high.
CDAY stock investors should be aware that Ceridian HCM Holding Inc. (CDAY) stock had its last reported insider trading activity 10 days ago on Sep 12. Holdridge Stephen H., the President Customer&Revenue Ops of the company, disposed of 1,000 shares for $75.00 on Sep 12. It resulted in a $75,000 divestment by the insider. Turner Leagh Erin sold 6,000 shares at an average price of $72.68 on Sep 07. The insider now owns 245,201 shares following the transaction. On Aug 22, EVP, CPTO Korngiebel Joseph B sold 11,193 shares at $70.26 apiece. The transaction was valued at $786,420.
Valuation Metrics
The stock’s beta is 1.42. Besides these, the trailing price-to-sales (P/S) ratio of 7.49, the price-to-book (PB) ratio of 4.57, and the price-to-cash flow ratio of 133.04 may also be considered.
Financial Health
In the three months ended June 29, Ceridian HCM Holding Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.54, and the total debt-to-equity ratio was 0.54. On the profitability front, the trailing twelve-month gross margin is 41.10% percent. In the year ended June 29, EBITDA margin amounted to 8.76%, whereas operating margins totaled 2.10%. Based on annual data, CDAY earned $473.2 million in gross profit and brought in $1.25 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -2.20%. Return on equity (ROE) for the past 12 months was -0.60%.
In Ceridian HCM Holding Inc.’s quarter-end financial report for June 29, it reported total debt of $1.21 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CDAY’s revenue rose 17.68% to $370.6 million during the quarter, while net income inched up to $365.9 million. While analysts expected Ceridian HCM Holding Inc. to report $0.29 quarterly earnings, the actual figure was $0.32 per share, beating the consensus estimate by 10.30%. During the quarter, the company generated $53.8 million in EBITDA. The liabilities of Ceridian HCM Holding Inc. were 5.88 billion at the end of its most recent quarter ended June 29, and its total debt was $1.25 billion. The value of shareholders’ equity is $155.61 million.
Technical Picture
This quick technical analysis looks at Ceridian HCM Holding Inc.’s (CDAY) price momentum. With a historical volatility rate of 23.23%, the RSI 9-day stood at 18.43% on 21 September.
With respect to its five-day moving average, the current Ceridian HCM Holding Inc. price is down by -10.84% percent or -$8.02. At present, CDAY shares trade -6.57% below its 20-day simple moving average and +3.95% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.93% below its SMA50 and -5.35% below its SMA200.
Stochastic coefficient K was 6.57% and Stochastic coefficient D was 17.78%, while ATR was 1.84. Given the Stochastic reading of 2.05% for the 14-day period, the RSI (14) reading has been calculated as 29.04%. As of today, the MACD Oscillator reading stands at -3.66, while the 14-day reading stands at -4.16.
Analyst Ratings
Ceridian HCM Holding Inc. downgraded its rating on Ceridian HCM Holding Inc. (NYSE: CDAY) to a Market perform in a note to investors on July 13, 2023. The analysts firm previously had an Outperform rating on the stock.Ceridian HCM Holding Inc. (CDAY) has been rated Overweight by analysts. According to 0 brokerage firms, CDAY is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Ceridian HCM Holding Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $78.50, the current consensus forecast for the stock is $65.00 – $95.00. Based on these forecasts, analysts predict Ceridian HCM Holding Inc. (CDAY) will achieve an average price target of $77.79.
