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.
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.
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.
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.
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%.
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.
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.