The price of Conduent Inc (NASDAQ: CNDT) closed at $3.44 in the last session, up 2.69% from day before closing price of $3.35. In other words, the price has increased by $+0.0900 from its previous closing price. On the day, 1447451 shares were traded.
Ratios:
We take a closer look at CNDT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.01. 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:
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 May 05 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. 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 703.42M and an Enterprise Value of 1.70B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 0.46 whereas that against EBITDA is 39.50.
Stock Price History:
Over the past 52 weeks, CNDT has reached a high of $4.11, while it has fallen to a 52-week low of $2.40. The 50-Day Moving Average of the stock is 3.5558, while the 200-Day Moving Average is calculated to be 3.3146.
Shares Statistics:
According to the various share statistics, CNDT traded on average about 1.03M shares per day over the past 3-months and 1.48M shares per day over the past 10 days. A total of 211.51M shares are outstanding, with a floating share count of 195.01M. Insiders hold about 7.13% of the company’s shares, while institutions hold 77.45% stake in the company. Shares short for CNDT as of Feb 15, 2024 were 1.4M with a Short Ratio of 1.36, compared to 1.78M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.67% and a Short% of Float of 0.82%.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. 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 for the fiscal current year, implying an average EPS of $0.04. EPS for the following year is -$0.17, with 1 analysts recommending between -$0.17 and -$0.17.
Revenue Estimates
According to 1 analysts, the current quarter’s revenue is expected to be $895M. 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.
