As of close of business last night, Conduent Incorporated’s stock clocked out at $4.19, up 0.72% from its previous closing price of $4.16. In other words, the price has increased by $+0.0300 from its previous closing price. On the day, 709055 shares were traded. CNDT stock price reached its highest trading level at $4.2200 during the session, while it also had its lowest trading level at $4.0350.
To gain a deeper understanding of CNDT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.98. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 1.08 whereas as Long-Term Debt/Eq ratio is at 1.05.
Upgrades & Downgrades
Needham reiterated its Buy rating for the stock on February 21, 2020, while the target price for the stock was revised from $9 to $5.50.
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 04 when Skelton Clifford bought 47,675 shares for $4.23 per share. The transaction valued at 201,617 led to the insider holds 2,862,831 shares of the business.
Wood Stephen Henry bought 47,455 shares of CNDT for $199,786 on Aug 04. The EVP, Chief Financial Officer now owns 478,379 shares after completing the transaction at $4.21 per share. On May 09, another insider, Keyes Louis Edward, who serves as the EVP, Chief Revenue Officer of the company, bought 15,000 shares for $4.65 each. As a result, the insider paid 69,750 and bolstered with 434,182 shares of the company.
As of this moment, Conduent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.48, and their Forward P/E ratio for the next fiscal year is 15.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 0.75.
Stock Price History:
Over the past 52 weeks, CNDT has reached a high of $6.32, while it has fallen to a 52-week low of $3.29. The 50-Day Moving Average of the stock is 3.7304, while the 200-Day Moving Average is calculated to be 4.4267.
It appears that CNDT traded 776.53K shares on average per day over the past three months and 578.33k shares per day over the past ten days. A total of 215.78M shares are outstanding, with a floating share count of 204.75M. Insiders hold about 2.50% of the company’s shares, while institutions hold 83.10% stake in the company. Shares short for CNDT as of Oct 13, 2022 were 4.6M with a Short Ratio of 3.22M, compared to 4.59M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.13% and a Short% of Float of 2.62%.
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.08 and a low estimate of $0.08, while EPS last year was $0.19. The consensus estimate for the next quarter is $0.1, with high estimates of $0.1 and low estimates of $0.1.
Analysts are recommending an EPS of between $0.33 and $0.31 for the fiscal current year, implying an average EPS of $0.32. EPS for the following year is $0.39, with 2 analysts recommending between $0.42 and $0.36.
In the current quarter, 2 analysts expect revenue to total $978M. It ranges from a high estimate of $981M to a low estimate of $975M. As of the current estimate, Conduent Incorporated’s year-ago sales were $1.04B, an estimated decrease of -5.80% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $1.04B, a decrease of -1.20% over than the figure of -$5.80% in the same quarter last year. There is a high estimate of $1.04B for the next quarter, whereas the lowest estimate is $1.03B.
A total of 2 analysts have provided revenue estimates for CNDT’s current fiscal year. The highest revenue estimate was $3.91B, while the lowest revenue estimate was $3.9B, resulting in an average revenue estimate of $3.91B. In the same quarter a year ago, actual revenue was $4.14B, down -5.70% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $3.92B in the next fiscal year. The high estimate is $3.94B and the low estimate is $3.89B. The average revenue growth estimate for next year is up 0.20% from the average revenue estimate for this year.