Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Conduent Inc (NASDAQ: CNDT) was $3.01 for the day, up 0.67% from the previous closing price of $2.99. In other words, the price has increased by $0.67 from its previous closing price. On the day, 0.75 million shares were traded. CNDT stock price reached its highest trading level at $3.04 during the session, while it also had its lowest trading level at $2.94.
Ratios:
Our analysis of CNDT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.68 and its Current Ratio is at 1.68. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.77.
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, Noble Capital Markets on March 14, 2024, initiated with a Outperform rating and assigned the stock a target price of $9.
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 Jun 08 ’24 when ICAHN CARL C sold 38,149,336 shares for $3.47 per share. The transaction valued at 132,378,196 led to the insider holds 0 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNDT now has a Market Capitalization of 487108288 and an Enterprise Value of 1096108672. As of this moment, Conduent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1.40, and their Forward P/E ratio for the next fiscal year is 40.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at 0.327 whereas that against EBITDA is 14.422.
Stock Price History:
The Beta on a monthly basis for CNDT is 1.33, which has changed by -0.1120944 over the last 52 weeks, in comparison to a change of 0.08275449 over the same period for the S&P500. Over the past 52 weeks, CNDT has reached a high of $4.90, while it has fallen to a 52-week low of $2.96. The 50-Day Moving Average of the stock is -19.93%, while the 200-Day Moving Average is calculated to be -19.93%.
Shares Statistics:
CNDT traded an average of 962.75K shares per day over the past three months and 1099270 shares per day over the past ten days. A total of 161.83M shares are outstanding, with a floating share count of 145.19M. Insiders hold about 10.28% of the company’s shares, while institutions hold 73.95% stake in the company. Shares short for CNDT as of 1740700800 were 2640383 with a Short Ratio of 2.74, compared to 1738281600 on 2296594. Therefore, it implies a Short% of Shares Outstanding of 2640383 and a Short% of Float of 2.1999999999999997.
