In the latest session, Confluent Inc (NASDAQ: CFLT) closed at $31.60 down -2.98% from its previous closing price of $32.57. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 3867574 shares were traded. CFLT stock price reached its highest trading level at $32.91 during the session, while it also had its lowest trading level at $31.39.
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 4.53 and its Current Ratio is at 4.53. In the meantime, Its Debt-to-Equity ratio is 1.37 whereas as Long-Term Debt/Eq ratio is at 1.36.
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, Stifel on February 21, 2024, initiated with a Buy rating and assigned the stock a target price of $40.
On January 30, 2024, Loop Capital started tracking the stock assigning a Hold rating and target price of $23.
On November 28, 2023, Bernstein started tracking the stock assigning a Outperform rating and target price of $34.Bernstein initiated its Outperform rating on November 28, 2023, with a $34 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 Mar 06 ’24 when Kreps Edward Jay sold 232,500 shares for $33.65 per share. The transaction valued at 7,823,090 led to the insider holds 452,488 shares of the business.
Schultz Erica sold 63,729 shares of CFLT for $2,161,033 on Mar 01 ’24. The PRESIDENT, FIELD OPERATIONS now owns 706,715 shares after completing the transaction at $33.91 per share. On Feb 26 ’24, another insider, Schultz Erica, who serves as the PRESIDENT, FIELD OPERATIONS of the company, sold 63,729 shares for $33.50 each. As a result, the insider received 2,134,622 and left with 480,471 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 10.18B and an Enterprise Value of 9.39B. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.71 while its Price-to-Book (P/B) ratio in mrq is 12.15. Its current Enterprise Value per Revenue stands at 12.09 whereas that against EBITDA is -21.84.
Stock Price History:
Over the past 52 weeks, CFLT has reached a high of $41.22, while it has fallen to a 52-week low of $14.69. The 50-Day Moving Average of the stock is 27.28, while the 200-Day Moving Average is calculated to be 29.14.
Shares Statistics:
For the past three months, CFLT has traded an average of 5.59M shares per day and 5.78M over the past ten days. A total of 224.74M shares are outstanding, with a floating share count of 214.35M. Insiders hold about 31.43% of the company’s shares, while institutions hold 62.08% stake in the company. Shares short for CFLT as of Feb 15, 2024 were 18.48M with a Short Ratio of 3.31, compared to 21.1M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.91% and a Short% of Float of 8.27%.
Earnings Estimates
There are 27 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.06 and a low estimate of $0, while EPS last year was -$0.09. The consensus estimate for the next quarter is $0.04, with high estimates of $0.08 and low estimates of $0.02.
Analysts are recommending an EPS of between $0.31 and $0.15 for the fiscal current year, implying an average EPS of $0.18. EPS for the following year is $0.33, with 27 analysts recommending between $0.56 and $0.24.
Revenue Estimates
A total of 27 analysts believe the company’s revenue will be $212.14M this quarter.It ranges from a high estimate of $220.31M to a low estimate of $211M. As of the current estimate, Confluent Inc’s year-ago sales were $174.3M, an estimated increase of 21.70% from the year-ago figure. For the next quarter, 27 analysts are estimating revenue of $229.24M, an increase of 21.10% less than the figure of $21.70% in the same quarter last year. There is a high estimate of $242.81M for the next quarter, whereas the lowest estimate is $224.48M.
A total of 29 analysts have provided revenue estimates for CFLT’s current fiscal year. The highest revenue estimate was $1.03B, while the lowest revenue estimate was $944.8M, resulting in an average revenue estimate of $954.02M. In the same quarter a year ago, actual revenue was $776.95M, up 22.80% from the average estimate. Based on 28 analysts’ estimates, the company’s revenue will be $1.19B in the next fiscal year. The high estimate is $1.39B and the low estimate is $1.16B. The average revenue growth estimate for next year is up 25.20% from the average revenue estimate for this year.
