Ceridian HCM Stock Rating Upgraded by Needham Company LLC

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.
  
Ceridian HCM was upgraded by research analysts at Needham Company LLC from a hold rating to a buy rating in a report released on Thursday, Marketbeat.com reports. The brokerage presently has a 82.00 price objective on the stock. Needham Company LLCs target price indicates a potential upside of

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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.

Current Ratio

Current Ratio Comparative Analysis

CDAY Old is currently under evaluation in current ratio category among its peers. Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

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

ETWOE2open Parent   5.20   
0%
100.0%
CVLTCommVault Systems   4.24   
0%
81.0%
AGYSAgilysys   2.82   
0%
54.0%
CWANClearwater Analytics   2.39   
0%
45.0%
ENFNEnfusion   2.23   
0%
42.0%
PCTYPaylocity Holdng   2.13   
0%
40.0%
ALKTAlkami Technology   1.71   
0%
32.0%
GWREGuidewire Software   1.66   
0%
31.0%
MANHManhattan Associates   1.49   
0%
28.0%
PAYCPaycom Soft   1.22   
0%
23.0%
PYCRPaycor HCM   1.09   
0%
20.0%
ANSSANSYS   0.69   
0%
13.0%
AZPNAspen Technology   0.40   
0%
7.0%
ROPRoper Technologies,   0.33   
0%
6.0%
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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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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