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The price of Confluent Inc (NASDAQ: CFLT) closed at $22.10 in the last session, up 2.27% from day before closing price of $21.61. In other words, the price has increased by $2.27 from its previous closing price. On the day, 2.19 million shares were traded. CFLT stock price reached its highest trading level at $22.12 during the session, while it also had its lowest trading level at $21.2.
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 4.35 and its Current Ratio is at 4.35. In the meantime, Its Debt-to-Equity ratio is 1.27 whereas as Long-Term Debt/Eq ratio is at 1.26.
On June 11, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $35.
On May 17, 2024, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $37.Oppenheimer initiated its Outperform rating on May 17, 2024, with a $37 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 Aug 21 ’24 when YING LIU bought 20,000 shares for $21.73 per share.
YING LIU bought 20,000 shares of CFLT for $433,184 on Aug 20 ’24. On Aug 19 ’24, another insider, YING LIU, who serves as the Officer of the company, bought 20,000 shares for $21.90 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 7132178432 and an Enterprise Value of 6314367488. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.10 while its Price-to-Book (P/B) ratio in mrq is 8.15. Its current Enterprise Value per Revenue stands at 7.295 whereas that against EBITDA is -17.006.
Stock Price History:
Over the past 52 weeks, CFLT has reached a high of $35.22, while it has fallen to a 52-week low of $14.69. The 50-Day Moving Average of the stock is -11.53%, while the 200-Day Moving Average is calculated to be -15.77%.
Shares Statistics:
According to the various share statistics, CFLT traded on average about 4.26M shares per day over the past 3-months and 3657830 shares per day over the past 10 days. A total of 317.34M shares are outstanding, with a floating share count of 233.49M. Insiders hold about 26.42% of the company’s shares, while institutions hold 73.43% stake in the company. Shares short for CFLT as of 1722384000 were 18349309 with a Short Ratio of 4.31, compared to 1719532800 on 23760528. Therefore, it implies a Short% of Shares Outstanding of 18349309 and a Short% of Float of 7.4200004.
