The closing price of Confluent Inc (NASDAQ: CFLT) was $31.80 for the day, down -0.63% from the previous closing price of $32.00. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 3988688 shares were traded.
Ratios:
Our analysis of CFLT’s different ratios will help us gain a deeper understanding of the company. 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:
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 Mar 11 ’24 when Caimi Lara sold 46,875 shares for $31.90 per share. The transaction valued at 1,495,279 led to the insider holds 5,399 shares of the business.
Schultz Erica sold 63,729 shares of CFLT for $2,104,970 on Mar 08 ’24. The PRESIDENT, FIELD OPERATIONS now owns 706,715 shares after completing the transaction at $33.03 per share. On Mar 06 ’24, another insider, Kreps Edward Jay, who serves as the CHIEF EXECUTIVE OFFICER of the company, sold 232,500 shares for $33.65 each. As a result, the insider received 7,823,090 and left with 452,488 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 9.95B and an Enterprise Value of 9.16B. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.80 while its Price-to-Book (P/B) ratio in mrq is 12.22. Its current Enterprise Value per Revenue stands at 11.79 whereas that against EBITDA is -21.30.
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 28.70, while the 200-Day Moving Average is calculated to be 29.15.
Shares Statistics:
CFLT traded an average of 5.40M shares per day over the past three months and 3.82M shares per day over the past ten days. A total of 224.74M shares are outstanding, with a floating share count of 214.35M. Insiders hold about 31.43% of the company’s shares, while institutions hold 62.05% stake in the company. Shares short for CFLT as of Feb 29, 2024 were 15.7M with a Short Ratio of 2.90, compared to 22.61M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.02% and a Short% of Float of 7.03%.
Earnings Estimates
The firm’s stock currently is rated by 27 analysts. 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
It is expected that $90B in revenue will be generated in the current quarter, according to 27 analysts. 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 29 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 $954.02M. In the same quarter a year ago, actual revenue was $776.95M, up 22.80% from the average estimate. Based on 28 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.
