Conduent Inc (NASDAQ: CNDT) closed the day trading at $3.18 down -1.55% from the previous closing price of $3.23. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 1133368 shares were traded.
Ratios:
For a better understanding of CNDT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.91 and its Current Ratio is at 1.91. In the meantime, Its Debt-to-Equity ratio is 1.94 whereas as Long-Term Debt/Eq ratio is at 1.82.
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.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 05 ’23 when Skelton Clifford bought 34,418 shares for $2.91 per share. The transaction valued at 100,156 led to the insider holds 3,447,499 shares of the business.
Wood Stephen Henry bought 33,373 shares of CNDT for $100,059 on May 05 ’23. The EVP, Chief Financial Officer now owns 697,681 shares after completing the transaction at $3.00 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNDT now has a Market Capitalization of 667.72M and an Enterprise Value of 1.66B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 0.45 whereas that against EBITDA is 38.67.
Stock Price History:
Over the past 52 weeks, CNDT has reached a high of $3.81, while it has fallen to a 52-week low of $2.40. The 50-Day Moving Average of the stock is 3.5094, while the 200-Day Moving Average is calculated to be 3.3164.
Shares Statistics:
Over the past 3-months, CNDT traded about 1.07M shares per day on average, while over the past 10 days, CNDT traded about 1.16M shares per day. A total of 211.51M shares are outstanding, with a floating share count of 194.49M. Insiders hold about 7.37% of the company’s shares, while institutions hold 77.44% stake in the company. Shares short for CNDT as of Feb 29, 2024 were 1.5M with a Short Ratio of 1.40, compared to 1.47M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.71% and a Short% of Float of 0.87%.
Earnings Estimates
Current recommendations for the stock of the company come from 1 analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was $0. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.06 and low estimates of -$0.06.
Analysts are recommending an EPS of between $0.08 and -$0.28 for the fiscal current year, implying an average EPS of -$0.1. EPS for the following year is -$0.17, with 1 analysts recommending between -$0.17 and -$0.17.
Revenue Estimates
1 analysts predict $895M in revenue for the current quarter. It ranges from a high estimate of $895M to a low estimate of $895M. As of the current estimate, Conduent Inc’s year-ago sales were $920M, an estimated decrease of -2.70% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $885M, a decrease of -1.70% over than the figure of -$2.70% in the same quarter last year. There is a high estimate of $885M for the next quarter, whereas the lowest estimate is $885M.
A total of 1 analysts have provided revenue estimates for CNDT’s current fiscal year. The highest revenue estimate was $3.61B, while the lowest revenue estimate was $3.61B, resulting in an average revenue estimate of $3.61B. In the same quarter a year ago, actual revenue was $3.72B, down -3.00% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $3.2B in the next fiscal year. The high estimate is $3.2B and the low estimate is $3.2B. The average revenue growth estimate for next year is down -11.40% from the average revenue estimate for this year.
