After finishing at $3.38 in the prior trading day, Conduent Inc (NASDAQ: CNDT) closed at $3.33, down -1.48%. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 887434 shares were traded.
Ratios:
Our goal is to gain a better understanding of CNDT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.40. 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.
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, Noble Capital Markets on March 14, 2024, initiated with a Outperform rating and assigned the stock a target price of $9.
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 705.21M 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 1.12. Its current Enterprise Value per Revenue stands at 0.46 whereas that against EBITDA is 39.54.
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 3.4014, while the 200-Day Moving Average is calculated to be 3.3218.
Shares Statistics:
The stock has traded on average 1.02M shares per day over the past 3-months and 674.3k shares per day over the last 10 days, according to various share statistics. A total of 211.51M shares are outstanding, with a floating share count of 192.91M. Insiders hold about 8.13% of the company’s shares, while institutions hold 77.40% stake in the company. Shares short for CNDT as of Mar 15, 2024 were 1.84M with a Short Ratio of 1.42, compared to 1.4M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.87% and a Short% of Float of 1.07%.
