Ceridian HCM Holding Inc. (NYSE:CDAY) shares fell to a low of $94.06 before closing at $96.42. Intraday shares traded counted 6.93 million, which was -458.99% lower than its 30-day average trading volume of 1.24M. CDAY’s previous close was $99.39 while the outstanding shares total 147.14M. The firm has a 12-month trailing P/E ratio of 1252.21, and a growth ratio of 53.29. The stock’s Relative Strength Index (RSI) is 57.77, with weekly volatility at 3.67% and ATR at 3.76. The CDAY stock’s 52-week price range has touched low of $38.40 and a $100.18 high. The stock traded lower over the last trading session, losing -2.99% on 11/30/20.
Investors have identified the Software – Application company Ceridian HCM Holding Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $13.78 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Ceridian HCM Holding Inc. (CDAY) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CDAY, the company has in raw cash 554.6 million on their books with 7.7 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 3371300000 million total, with 2741400000 million as their total liabilities.
CDAY were able to record 3.1 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -28.4 million. In cash movements, the company had a total of 47.3 million as operating cash flow.
Potential earnings growth for Ceridian HCM Holding Inc. (CDAY)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Ceridian HCM Holding Inc. recorded a total of 204.4 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 1.03% coming in sequential stages and their sales for the third quarter increasing by 5.77%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 127.7 million trying to sell their products during the last quarter, with the result yielding a gross income of 76.7 million. This allows shareholders to hold on to 147.14M with the revenue now reading -0.01 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.04 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.26 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CDAY sounds very interesting.
Is the stock of CDAY attractive?
In related news, Chairman and CEO, Ossip David D sold 506,991 shares of the company’s stock in a transaction that recorded on Nov 18. The sale was performed at an average price of 94.90, for a total value of 48,113,446. As the sale deal closes, the 10% Owner, Cannae Holdings, Inc. now sold 2,139,227 shares of the company’s stock, valued at 198,948,111. Also, President and COO, Turner Leagh Erin sold 5,000 shares of the company’s stock in a deal that was recorded on Nov 09. The shares were price at an average price of 95.51 per share, with a total market value of 477,561. Following this completion of acquisition, the President and COO, Turner Leagh Erin now holds 5,000 shares of the company’s stock, valued at 431,350. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.