Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Conduent Inc (NASDAQ: CNDT) was $3.34 for the day, up 0.60% from the previous closing price of $3.32. In other words, the price has increased by $0.60 from its previous closing price. On the day, 1.07 million shares were traded.
Ratios:
Our analysis of CNDT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.68 and its Current Ratio is at 1.68. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.77.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 08 ’24 when ICAHN CARL C sold 38,149,336 shares for $3.47 per share. The transaction valued at 132,378,196 led to the insider holds 0 shares of the business.
Valuation Measures:
As of this moment, Conduent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1.55, and their Forward P/E ratio for the next fiscal year is 44.53. 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 0.64.
Stock Price History:
Over the past 52 weeks, CNDT has reached a high of $4.90, while it has fallen to a 52-week low of $2.96. The 50-Day Moving Average of the stock is -15.84%, while the 200-Day Moving Average is calculated to be -11.74%.
Shares Statistics:
A total of 161.83M shares are outstanding, with a floating share count of 144.99M. Insiders hold about 10.40% of the company’s shares, while institutions hold 73.99% stake in the company.
