Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Confluent Inc (NASDAQ: CFLT) closed the day trading at $27.66 down -3.12% from the previous closing price of $28.55. In other words, the price has decreased by -$3.12 from its previous closing price. On the day, 2.3 million shares were traded. CFLT stock price reached its highest trading level at $28.9 during the session, while it also had its lowest trading level at $27.64.
Ratios:
For a better understanding of CFLT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.53 and its Current Ratio is at 4.53. In the meantime, Its Debt-to-Equity ratio is 1.37 whereas as Long-Term Debt/Eq ratio is at 1.36.
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, Stifel on February 21, 2024, initiated with a Buy rating and assigned the stock a target price of $40.
On January 30, 2024, Loop Capital started tracking the stock assigning a Hold rating and target price of $23.
On November 28, 2023, Bernstein started tracking the stock assigning a Outperform rating and target price of $34.Bernstein initiated its Outperform rating on November 28, 2023, with a $34 target price.
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 Mar 20 ’24 when Verbowski Chad sold 8,086 shares for $31.20 per share. The transaction valued at 252,283 led to the insider holds 532,072 shares of the business.
Sivaram Rohan sold 588 shares of CFLT for $18,346 on Mar 20 ’24. The CHIEF FINANCIAL OFFICER now owns 600,166 shares after completing the transaction at $31.20 per share. On Mar 20 ’24, another insider, Liu Ying Christina, who serves as the CHIEF ACCOUNTING OFFICER of the company, sold 407 shares for $31.20 each. As a result, the insider received 12,698 and left with 168,338 shares of the company.
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 8647124992 and an Enterprise Value of 7859944960. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.13 while its Price-to-Book (P/B) ratio in mrq is 10.63. Its current Enterprise Value per Revenue stands at 10.116 whereas that against EBITDA is -19.335.
Stock Price History:
The Beta on a monthly basis for CFLT is 0.93, which has changed by 0.17054594 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, CFLT has reached a high of $41.22, while it has fallen to a 52-week low of $14.69. The 50-Day Moving Average of the stock is -11.17%, while the 200-Day Moving Average is calculated to be -3.67%.
Shares Statistics:
Over the past 3-months, CFLT traded about 5.31M shares per day on average, while over the past 10 days, CFLT traded about 3071020 shares per day. A total of 224.74M shares are outstanding, with a floating share count of 214.36M. Insiders hold about 31.43% of the company’s shares, while institutions hold 62.50% stake in the company. Shares short for CFLT as of 1711584000 were 19852262 with a Short Ratio of 3.74, compared to 1709164800 on 15700678. Therefore, it implies a Short% of Shares Outstanding of 19852262 and a Short% of Float of 8.89.
Earnings Estimates
At present, 27 analysts are actively evaluating the performance of Confluent Inc (CFLT) in the stock market.On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.06 and a low estimate of $0, while EPS last year was -$0.09. The consensus estimate for the next quarter is $0.04, with high estimates of $0.08 and low estimates of $0.02.
Analysts are recommending an EPS of between $0.31 and $0.15 for the fiscal current year, implying an average EPS of $0.18. EPS for the following year is $0.33, with 27 analysts recommending between $0.56 and $0.24.
Revenue Estimates
27 analysts predict $212.15M in revenue for the current quarter. It ranges from a high estimate of $220.31M to a low estimate of $211M. As of the current estimate, Confluent Inc’s year-ago sales were $174.3M, an estimated increase of 21.70% from the year-ago figure. For the next quarter, 27 analysts are estimating revenue of $229.25M, an increase of 21.10% less than the figure of $21.70% in the same quarter last year. There is a high estimate of $242.81M for the next quarter, whereas the lowest estimate is $224.48M.
A total of 29 analysts have provided revenue estimates for CFLT’s current fiscal year. The highest revenue estimate was $1.03B, while the lowest revenue estimate was $944.8M, resulting in an average revenue estimate of $952.69M. In the same quarter a year ago, actual revenue was $776.95M, up 22.60% from the average estimate. Based on 28 analysts’ estimates, the company’s revenue will be $1.19B in the next fiscal year. The high estimate is $1.39B and the low estimate is $1.16B. The average revenue growth estimate for next year is up 25.00% from the average revenue estimate for this year.
