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In the latest session, Confluent Inc (NASDAQ: CFLT) closed at $30.84 up 0.88% from its previous closing price of $30.57. In other words, the price has increased by $0.88 from its previous closing price. On the day, 1.63 million shares were traded. CFLT stock price reached its highest trading level at $31.2113 during the session, while it also had its lowest trading level at $30.5.
Ratios:
For a deeper understanding of Confluent Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.15 and its Current Ratio is at 4.15. In the meantime, Its Debt-to-Equity ratio is 1.19 whereas as Long-Term Debt/Eq ratio is at 1.18.
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, Robert W. Baird on September 04, 2024, initiated with a Neutral rating and assigned the stock a target price of $23.
On August 09, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $25.
On June 11, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $35.Evercore ISI initiated its Outperform rating on June 11, 2024, with a $35 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 26 ’24 when Schultz Erica sold 63,729 shares for $31.60 per share. The transaction valued at 2,013,836 led to the insider holds 678,016 shares of the business.
Buscemi Stephanie sold 26,047 shares of CFLT for $856,686 on Nov 25 ’24. The CHIEF MARKETING OFFICER now owns 144,373 shares after completing the transaction at $32.89 per share. On Nov 22 ’24, another insider, Buscemi Stephanie, who serves as the CHIEF MARKETING OFFICER of the company, sold 22,906 shares for $31.00 each. As a result, the insider received 710,086 and left with 144,373 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 10026793984 and an Enterprise Value of 9369203712. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.15 while its Price-to-Book (P/B) ratio in mrq is 10.80. Its current Enterprise Value per Revenue stands at 10.233 whereas that against EBITDA is -26.41.
Stock Price History:
Over the past 52 weeks, CFLT has reached a high of $35.07, while it has fallen to a 52-week low of $17.79. The 50-Day Moving Average of the stock is 27.48%, while the 200-Day Moving Average is calculated to be 16.71%.
Shares Statistics:
For the past three months, CFLT has traded an average of 4.16M shares per day and 4478810 over the past ten days. A total of 328.00M shares are outstanding, with a floating share count of 246.98M. Insiders hold about 24.73% of the company’s shares, while institutions hold 68.75% stake in the company. Shares short for CFLT as of 1731628800 were 15951890 with a Short Ratio of 3.83, compared to 1728950400 on 20060708. Therefore, it implies a Short% of Shares Outstanding of 15951890 and a Short% of Float of 6.25.
