The price of Confluent Inc (NASDAQ: CFLT) closed at $33.87 in the last session, up 3.17% from day before closing price of $32.83. In other words, the price has increased by $+1.04 from its previous closing price. On the day, 6323162 shares were traded.
Ratios:
We take a closer look at CFLT’s different ratios to gain a better understanding of the stock. 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:
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 Feb 26 when Schultz Erica sold 63,729 shares for $33.50 per share. The transaction valued at 2,134,622 led to the insider holds 480,471 shares of the business.
Sivaram Rohan sold 7,234 shares of CFLT for $232,573 on Feb 21. The CHIEF FINANCIAL OFFICER now owns 320,212 shares after completing the transaction at $32.15 per share. On Feb 21, another insider, Verbowski Chad, who serves as the CHIEF TECHNOLOGY OFFICER of the company, sold 5,963 shares for $32.15 each. As a result, the insider received 191,710 and left with 404,412 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 10.26B and an Enterprise Value of 9.48B. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.63 while its Price-to-Book (P/B) ratio in mrq is 13.02. Its current Enterprise Value per Revenue stands at 12.20 whereas that against EBITDA is -22.04.
Stock Price History:
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 25.85, while the 200-Day Moving Average is calculated to be 28.86.
Shares Statistics:
According to the various share statistics, CFLT traded on average about 5.44M shares per day over the past 3-months and 5.86M shares per day over the past 10 days. A total of 224.74M shares are outstanding, with a floating share count of 214.33M. Insiders hold about 31.44% of the company’s shares, while institutions hold 61.98% stake in the company. Shares short for CFLT as of Feb 15, 2024 were 18.48M with a Short Ratio of 3.40, compared to 21.1M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.91% and a Short% of Float of 8.27%.
Earnings Estimates
The company has 27 analysts who recommend its stock at the moment. 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
According to 27 analysts, the current quarter’s revenue is expected to be $212.14M. 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 $229.24M, 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 28 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 $954.16M. In the same quarter a year ago, actual revenue was $776.95M, up 22.80% from the average estimate. Based on 27 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 25.20% from the average revenue estimate for this year.
