The closing price of Confluent Inc (NASDAQ: CFLT) was $19.01 for the day, up 0.21% from the previous closing price of $18.97. In other words, the price has increased by $+0.04 from its previous closing price. On the day, 4862621 shares were traded. CFLT stock price reached its highest trading level at $19.13 during the session, while it also had its lowest trading level at $18.63.
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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 4.88 and its Current Ratio is at 4.88. In the meantime, Its Debt-to-Equity ratio is 1.41 whereas as Long-Term Debt/Eq ratio is at 1.40.
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 Sep 21 when Verbowski Chad sold 8,519 shares for $29.80 per share. The transaction valued at 253,866 led to the insider holds 426,803 shares of the business.
Sivaram Rohan sold 860 shares of CFLT for $25,628 on Sep 21. The Chief Financial Officer now owns 332,648 shares after completing the transaction at $29.80 per share. On Sep 21, another insider, Liu Ying Christina, who serves as the Chief Accounting Officer of the company, sold 416 shares for $29.80 each. As a result, the insider received 12,397 and left with 131,505 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 5.85B and an Enterprise Value of 5.09B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.99 while its Price-to-Book (P/B) ratio in mrq is 7.40. Its current Enterprise Value per Revenue stands at 6.96 whereas that against EBITDA is -11.03.
Stock Price History:
The Beta on a monthly basis for CFLT is 0.65, which has changed by -7.36% 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, 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 27.10, while the 200-Day Moving Average is calculated to be 28.47.
Shares Statistics:
CFLT traded an average of 5.03M shares per day over the past three months and 6.74M shares per day over the past ten days. A total of 307.88M shares are outstanding, with a floating share count of 206.67M. Insiders hold about 32.94% of the company’s shares, while institutions hold 62.51% stake in the company. Shares short for CFLT as of Oct 30, 2023 were 25.26M with a Short Ratio of 25.26M, compared to 26.04M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.20% and a Short% of Float of 11.64%.
Earnings Estimates
The firm’s stock currently is rated by 23 analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.06 and a low estimate of $0.04, while EPS last year was -$0.09. The consensus estimate for the next quarter is $0.02, with high estimates of $0.04 and low estimates of -$0.02.
Analysts are recommending an EPS of between $0 and -$0.02 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0.16, with 24 analysts recommending between $0.24 and $0.01.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 23 analysts. It ranges from a high estimate of $211.36M to a low estimate of $203.8M. As of the current estimate, Confluent Inc’s year-ago sales were $168.67M, an estimated increase of 21.50% from the year-ago figure. For the next quarter, 21 analysts are estimating revenue of $210.97M, an increase of 21.00% less than the figure of $21.50% in the same quarter last year. There is a high estimate of $216.4M for the next quarter, whereas the lowest estimate is $206M.
A total of 25 analysts have provided revenue estimates for CFLT’s current fiscal year. The highest revenue estimate was $775.12M, while the lowest revenue estimate was $767.6M, resulting in an average revenue estimate of $768.7M. In the same quarter a year ago, actual revenue was $585.94M, up 31.20% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $935.39M in the next fiscal year. The high estimate is $941.09M and the low estimate is $918.33M. The average revenue growth estimate for next year is up 21.70% from the average revenue estimate for this year.
