Hoping For A Higher Take: Ceridian HCM Holding Inc. (CDAY), Nuance Communications, Inc. (NUAN)

Ceridian HCM Holding Inc. (NYSE:CDAY) has its shares plummet by -6.58% or $3.69 from its all-time high of $56.1, with CDAY attaining that price back on July 31, 2019. The drop in the price of the shares saw it stand at $52.41 per share. CDAY has been trading at a low of $31.39 over the past one year but it surged by 66.96% or $21.02 to reach the $52.41 mark. Following the massive rise in stock price, CDAY received more attention from investors and analysts. On Monday, the stock plunged by 3.5%, which caused investors and analysts to excite about it. Following the plunge in price, the CDAY beta stands at 0, implying that its volatility level has gone down by 1 back of the general market. A look at the stock’s 200-day moving average shows that it is 14.35% above while its 50-day moving average shows that it is currently 3.07% above. Compared to 3.82% average daily volatility of past month, the stock’s average volatility for this week has decreased by -0.8 as the volatility level currently stands at 3.02%.

Over the past seven days, the stock has witnessed a price dip by -0.57%. This massive drop in stock price has caught the attention of both investors and market traders. The stock has performed excellently over the past 52 weeks, rising by 50.82% during that time frame and is now up by 51.96% since this point this year. CDAY has surged by 8.6% over the past 30 days, with its equity price gaining% of its value over the past ninety days. These figures add up to see the stock record a growth of 12.49% over the past six months.

The stock’s technical analysis reveals that its 14-day Relative Strength Index (RSI) is currently in a neutral position as it was able to attain 53.59 points. Over the past three months, the trading volume has jumped massively, by roughly ????118.45%???, with the trading volume now standing at 1386967 shares. The increase of 518787 shares in trading volume shows that traders and investors have shown more interest in the stock over the past few weeks. During that trading session, the average trading volume of CDAY was 868180 shares, which is more than 1.6 times higher than its usual trading volume.

Analysts have set a 1-year price target for this stock, with most of them expecting it to reach $20.5/share over the next 12 months. If that happens, then NUAN would witness a 20.02% rise from its current price. Not all analysts believe it would hit that target though, as some of them expect it to trade lower, as low as $17 per share. In the same breath, one analyst believes that the stock is set to soar even higher than expected, as the price target was set at $23.

The stock is currently overbought as its Stochastic Oscillator (%D) is at 84.82%, which implies that a dip in price could be experienced soon. Its shares P/S ratio is below the 8.16 industry average and below the 17.8 by the wider market, as NUAN’s P/S ratio currently stands at 2.59. The stock’s estimated price-earnings (P/E) multiple is 13.84 which is also above the 12-month price-earnings (P/E) which stands at 0. Nuance Communications, Inc. has experienced a fall in its earnings, recording an decrease rate of -19.3% in each quarter over the past five years.

The stock has an average rating of 2 which means that it has been rated as a Buyby most analysts. The stock is being covered by 6 analysts who gave a consensus recommendation of 2 which implies that it is currently in a bull/bear situation. Reuters looked into analysts covering Nuance Communications, Inc., and 2 of them believe that the stock is a Hold at the moment. 4 of the analysts rated it as a Buy or a Strong Buy while the remaining analysts (0) rated it as a sell at the moment.