For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
Conduent Inc (NASDAQ: CNDT) closed the day trading at $2.04 down -4.23% from the previous closing price of $2.13. In other words, the price has decreased by -$4.23 from its previous closing price. On the day, 1.57 million shares were traded. CNDT stock price reached its highest trading level at $2.14 during the session, while it also had its lowest trading level at $1.985.
Ratios:
For a better understanding of CNDT, let’s look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 330133184 and an Enterprise Value of 939133504. As of this moment, Conduent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.95, and their Forward P/E ratio for the next fiscal year is 27.20. 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 0.39. Its current Enterprise Value per Revenue stands at 0.28 whereas that against EBITDA is 12.357.
Stock Price History:
The Beta on a monthly basis for CNDT is 1.56, which has changed by -0.3564669 over the last 52 weeks, in comparison to a change of 0.059571505 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 $2.08. The 50-Day Moving Average of the stock is -38.18%, while the 200-Day Moving Average is calculated to be -44.87%.
Shares Statistics:
Over the past 3-months, CNDT traded about 1.07M shares per day on average, while over the past 10 days, CNDT traded about 1727740 shares per day. 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 73.83% stake in the company. Shares short for CNDT as of 1743379200 were 2691136 with a Short Ratio of 2.50, compared to 1740700800 on 2640383. Therefore, it implies a Short% of Shares Outstanding of 2691136 and a Short% of Float of 1.71.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
