Confluent Inc. (CFLT) Stock Volatility: Beta and Market Fluctuations


As of close of business last night, Confluent Inc.’s stock clocked out at $32.68, up 1.55% from its previous closing price of $32.18. In other words, the price has increased by $+0.50 from its previous closing price. On the day, 2678396 shares were traded. CFLT stock price reached its highest trading level at $32.92 during the session, while it also had its lowest trading level at $31.65.

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To gain a deeper understanding of CFLT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.10 and its Current Ratio is at 5.10. In the meantime, Its Debt-to-Equity ratio is 1.43 whereas as Long-Term Debt/Eq ratio is at 1.43.

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, Canaccord Genuity on September 01, 2023, initiated with a Buy rating and assigned the stock a target price of $40.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 11 when Chadwick Jonathan sold 16,625 shares for $33.79 per share. The transaction valued at 561,814 led to the insider holds 14,203 shares of the business.

Kreps Edward Jay sold 232,500 shares of CFLT for $7,735,009 on Sep 05. The Chief Executive Officer now owns 0 shares after completing the transaction at $33.27 per share. On Aug 22, another insider, Verbowski Chad, who serves as the Chief Technology Officer of the company, sold 8,745 shares for $32.14 each. As a result, the insider received 281,064 and left with 435,322 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 9.88B and an Enterprise Value of 9.15B. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.04 while its Price-to-Book (P/B) ratio in mrq is 12.77. Its current Enterprise Value per Revenue stands at 13.38 whereas that against EBITDA is -19.30.

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 $16.60. The 50-Day Moving Average of the stock is 34.16, while the 200-Day Moving Average is calculated to be 27.53.

Shares Statistics:

It appears that CFLT traded 4.01M shares on average per day over the past three months and 3.38M shares per day over the past ten days. A total of 297.83M shares are outstanding, with a floating share count of 200.94M. Insiders hold about 0.40% of the company’s shares, while institutions hold 78.40% stake in the company. Shares short for CFLT as of Aug 30, 2023 were 21.55M with a Short Ratio of 21.55M, compared to 19.42M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.13% and a Short% of Float of 10.29%.

Earnings Estimates

As of right now, 24 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.02 and a low estimate of -$0.04, while EPS last year was -$0.13. The consensus estimate for the next quarter is $0.05, with high estimates of $0.06 and low estimates of $0.

Analysts are recommending an EPS of between $0 and -$0.09 for the fiscal current year, implying an average EPS of -$0.04. EPS for the following year is $0.2, with 24 analysts recommending between $0.33 and $0.05.

Revenue Estimates

In the current quarter, 22 analysts expect revenue to total $195.11M. It ranges from a high estimate of $202.14M to a low estimate of $193.61M. As of the current estimate, Confluent Inc.’s year-ago sales were $144.81M, an estimated increase of 34.70% from the year-ago figure. For the next quarter, 22 analysts are estimating revenue of $212.12M, an increase of 25.80% less than the figure of $34.70% in the same quarter last year. There is a high estimate of $217.28M for the next quarter, whereas the lowest estimate is $210.03M.

A total of 24 analysts have provided revenue estimates for CFLT’s current fiscal year. The highest revenue estimate was $783M, while the lowest revenue estimate was $767.37M, resulting in an average revenue estimate of $770.86M. In the same quarter a year ago, actual revenue was $585.94M, up 31.60% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $986.13M in the next fiscal year. The high estimate is $1.01B and the low estimate is $960.75M. The average revenue growth estimate for next year is up 27.90% from the average revenue estimate for this year.


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