Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Conduent Inc (NASDAQ: CNDT) closed at $2.14 in the last session, up 1.42% from day before closing price of $2.11. In other words, the price has increased by $1.42 from its previous closing price. On the day, 0.98 million shares were traded. CNDT stock price reached its highest trading level at $2.18 during the session, while it also had its lowest trading level at $2.09.
Ratios:
We take a closer look at CNDT’s different ratios to gain a better understanding of the stock. 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:
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 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 346316224 and an Enterprise Value of 955316480. As of this moment, Conduent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.99, and their Forward P/E ratio for the next fiscal year is 28.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10 while its Price-to-Book (P/B) ratio in mrq is 0.41. Its current Enterprise Value per Revenue stands at 0.285 whereas that against EBITDA is 12.57.
Stock Price History:
The Beta on a monthly basis for CNDT is 1.52, which has changed by -0.4470284 over the last 52 weeks, in comparison to a change of 0.092895746 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 $1.93. The 50-Day Moving Average of the stock is -22.86%, while the 200-Day Moving Average is calculated to be -40.83%.
Shares Statistics:
According to the various share statistics, CNDT traded on average about 1.19M shares per day over the past 3-months and 986420 shares per day over the past 10 days. A total of 161.83M shares are outstanding, with a floating share count of 144.22M. Insiders hold about 10.88% of the company’s shares, while institutions hold 73.75% stake in the company. Shares short for CNDT as of 1744675200 were 2668910 with a Short Ratio of 2.25, compared to 1741910400 on 2484995. Therefore, it implies a Short% of Shares Outstanding of 2668910 and a Short% of Float of 1.7000000000000002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
