Ceridian HCM Stock Rating Lowered by TD Cowen
CDAYDelisted Stock | USD 68.42 0.65 0.94% |
Slightly above 61% of CDAY Old's investor base is looking to short. The analysis of current outlook of investing in CDAY Old suggests that many traders are alarmed regarding CDAY Old's prospects. CDAY Old's investing sentiment can be driven by a variety of factors including economic data, CDAY Old's earnings reports, geopolitical events, and overall market trends.
CDAY |
Ceridian HCM was downgraded by stock analysts at TD Cowen from an outperform rating to a market perform rating in a research note issued on Thursday, Briefing.com reports. They currently have a 71.00 target price on the stock, up from their previous target price of 69.00. TD Cowens price objective
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CDAY Old Fundamental Analysis
We analyze CDAY Old's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CDAY Old using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CDAY Old based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Net Asset
Net Asset Comparative Analysis
CDAY Old is currently under evaluation in net asset category among its peers. Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
CDAY Old Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CDAY Old stock to make a market-neutral strategy. Peer analysis of CDAY Old could also be used in its relative valuation, which is a method of valuing CDAY Old by comparing valuation metrics with similar companies.
Peers
CDAY Old Related Equities
GWRE | Guidewire Software | 0.38 | ||||
AZPN | Aspen Technology | 0.07 | ||||
AGYS | Agilysys | 0.08 | ||||
ANSS | ANSYS | 0.82 | ||||
MANH | Manhattan Associates | 1.16 | ||||
CWAN | Clearwater Analytics | 1.25 | ||||
ETWO | E2open Parent | 1.44 | ||||
ROP | Roper Technologies, | 1.47 | ||||
ALKT | Alkami Technology | 1.48 | ||||
PAYC | Paycom Soft | 2.38 | ||||
ENFN | Enfusion | 2.40 | ||||
PCTY | Paylocity Holdng | 2.75 | ||||
PYCR | Paycor HCM | 3.02 | ||||
CVLT | CommVault Systems | 4.75 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Other Consideration for investing in CDAY Stock
If you are still planning to invest in CDAY Old check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the CDAY Old's history and understand the potential risks before investing.
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