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As of close of business last night, Confluent Inc’s stock clocked out at $28.53, down -1.62% from its previous closing price of $29.00. In other words, the price has decreased by -$1.62 from its previous closing price. On the day, 4.2 million shares were traded. CFLT stock price reached its highest trading level at $29.48 during the session, while it also had its lowest trading level at $28.5.
Ratios:
To gain a deeper understanding of CFLT’s stock, we examine its different 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:
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 Nov 13 ’24 when THE VALLEY VIEW TRUST U/ADTD 0 bought 100,000 shares for $27.70 per share.
THE VISHRIA REVOCABLE TRUST U/ bought 60,000 shares of CFLT for $1,662,000 on Nov 13 ’24. On Nov 13 ’24, another insider, THE KHAKAL TRUST U/T/A DTD 10/, who serves as the Director of the company, bought 1,905 shares for $27.70 each.
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 9511845888 and an Enterprise Value of 8611535872. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.22 while its Price-to-Book (P/B) ratio in mrq is 10.00. Its current Enterprise Value per Revenue stands at 9.405 whereas that against EBITDA is -24.274.
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 28.29%, while the 200-Day Moving Average is calculated to be 8.34%.
Shares Statistics:
It appears that CFLT traded 3.87M shares on average per day over the past three months and 6003300 shares per day over the past ten days. A total of 328.00M shares are outstanding, with a floating share count of 246.75M. Insiders hold about 24.77% of the company’s shares, while institutions hold 70.61% stake in the company. Shares short for CFLT as of 1730332800 were 17331758 with a Short Ratio of 4.48, compared to 1727654400 on 19674975. Therefore, it implies a Short% of Shares Outstanding of 17331758 and a Short% of Float of 6.79.
