As of close of business last night, Conduent Inc’s stock clocked out at $2.80, up 3.70% from its previous closing price of $2.70. In other words, the price has increased by $+0.1000 from its previous closing price. On the day, 1381710 shares were traded. CNDT stock price reached its highest trading level at $2.8200 during the session, while it also had its lowest trading level at $2.6950.
Elon Musk just Triggered a BOOM in These Stocks
Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"
Click Here to Download the FREE Report.
Sponsored
Ratios:
To gain a deeper understanding of CNDT’s stock, we examine its different ratios. 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 2.01 whereas as Long-Term Debt/Eq ratio is at 1.89.
Insider Transactions:
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 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 608.40M and an Enterprise Value of 1.69B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 0.45 whereas that against EBITDA is -5.19.
Stock Price History:
The Beta on a monthly basis for CNDT is 1.62, which has changed by -27.46% over the last 52 weeks, in comparison to a change of 14.28% over the same period for the S&P500. Over the past 52 weeks, CNDT has reached a high of $4.95, while it has fallen to a 52-week low of $2.40. The 50-Day Moving Average of the stock is 3.1316, while the 200-Day Moving Average is calculated to be 3.3685.
Shares Statistics:
It appears that CNDT traded 937.55K shares on average per day over the past three months and 1.41M shares per day over the past ten days. A total of 218.35M shares are outstanding, with a floating share count of 201.80M. Insiders hold about 7.13% of the company’s shares, while institutions hold 76.55% stake in the company. Shares short for CNDT as of Oct 30, 2023 were 3.37M with a Short Ratio of 3.37M, compared to 3.42M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.55% and a Short% of Float of 1.88%.
Earnings Estimates
As of right now, 1 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.04 and a low estimate of $0.04, while EPS last year was $0.01. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0.05 and -$0.04 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0.05, with 2 analysts recommending between $0.11 and $0.
Revenue Estimates
In the current quarter, 1 analysts expect revenue to total $930M. It ranges from a high estimate of $930M to a low estimate of $930M. As of the current estimate, Conduent Inc’s year-ago sales were $986M, an estimated decrease of -5.70% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $930M, an increase of 1.10% over than the figure of -$5.70% in the same quarter last year. There is a high estimate of $930M for the next quarter, whereas the lowest estimate is $930M.
A total of 2 analysts have provided revenue estimates for CNDT’s current fiscal year. The highest revenue estimate was $3.73B, while the lowest revenue estimate was $3.7B, resulting in an average revenue estimate of $3.71B. In the same quarter a year ago, actual revenue was $3.86B, down -3.70% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $3.74B in the next fiscal year. The high estimate is $3.84B and the low estimate is $3.65B. The average revenue growth estimate for next year is up 0.80% from the average revenue estimate for this year.
