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The price of Confluent Inc (NASDAQ: CFLT) closed at $22.28 in the last session, down -0.36% from day before closing price of $22.36. In other words, the price has decreased by -$0.36 from its previous closing price. On the day, 3.81 million shares were traded. CFLT stock price reached its highest trading level at $22.95 during the session, while it also had its lowest trading level at $21.984.
Ratios:
We take a closer look at CFLT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 4.35 and its Current Ratio is at 4.35. In the meantime, Its Debt-to-Equity ratio is 1.27 whereas as Long-Term Debt/Eq ratio is at 1.26.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Robert W. Baird on September 04, 2024, initiated with a Neutral rating and assigned the stock a target price of $23.
On August 09, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $25.
On June 11, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $35.Evercore ISI initiated its Outperform rating on June 11, 2024, with a $35 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 20 ’24 when Phan Kong sold 190 shares for $20.12 per share. The transaction valued at 3,823 led to the insider holds 124,652 shares of the business.
Kreps Edward Jay sold 232,500 shares of CFLT for $4,647,675 on Sep 04 ’24. The CHIEF EXECUTIVE OFFICER now owns 452,488 shares after completing the transaction at $19.99 per share. On Sep 04 ’24, another insider, EDWARD JAY KREPS, who serves as the Officer of the company, bought 232,500 shares for $20.37 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CFLT now has a Market Capitalization of 7190268928 and an Enterprise Value of 6372457472. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.31 while its Price-to-Book (P/B) ratio in mrq is 8.22. Its current Enterprise Value per Revenue stands at 7.362 whereas that against EBITDA is -17.163.
Stock Price History:
Over the past 52 weeks, CFLT has reached a high of $35.07, while it has fallen to a 52-week low of $14.69. The 50-Day Moving Average of the stock is 8.59%, while the 200-Day Moving Average is calculated to be -14.57%.
Shares Statistics:
According to the various share statistics, CFLT traded on average about 4.22M shares per day over the past 3-months and 3275110 shares per day over the past 10 days. A total of 322.72M shares are outstanding, with a floating share count of 238.88M. Insiders hold about 25.98% of the company’s shares, while institutions hold 71.91% stake in the company. Shares short for CFLT as of 1727654400 were 19674975 with a Short Ratio of 4.66, compared to 1724976000 on 21525788. Therefore, it implies a Short% of Shares Outstanding of 19674975 and a Short% of Float of 7.960000000000001.
