The price of Confluent Inc (NASDAQ: CFLT) closed at $29.82 in the last session, up 0.74% from day before closing price of $29.60. In other words, the price has increased by $+0.22 from its previous closing price. On the day, 2882583 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 Mar 20 ’24 when Verbowski Chad sold 8,086 shares for $31.20 per share. The transaction valued at 252,283 led to the insider holds 532,072 shares of the business.
Sivaram Rohan sold 588 shares of CFLT for $18,346 on Mar 20 ’24. The CHIEF FINANCIAL OFFICER now owns 600,166 shares after completing the transaction at $31.20 per share. On Mar 20 ’24, another insider, Liu Ying Christina, who serves as the CHIEF ACCOUNTING OFFICER of the company, sold 407 shares for $31.20 each. As a result, the insider received 12,698 and left with 168,338 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 9.32B and an Enterprise Value of 8.54B. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.00 while its Price-to-Book (P/B) ratio in mrq is 11.46. Its current Enterprise Value per Revenue stands at 10.99 whereas that against EBITDA is -19.85.
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 30.81, while the 200-Day Moving Average is calculated to be 28.81.
Shares Statistics:
According to the various share statistics, CFLT traded on average about 5.30M shares per day over the past 3-months and 3.02M shares per day over the past 10 days. A total of 224.74M shares are outstanding, with a floating share count of 214.36M. Insiders hold about 31.43% of the company’s shares, while institutions hold 62.04% stake in the company. Shares short for CFLT as of Mar 15, 2024 were 19.02M with a Short Ratio of 3.74, compared to 18.48M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.08% and a Short% of Float of 8.51%.
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 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.
