In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Confluent Inc (NASDAQ: CFLT) closed the day trading at $27.83 down -2.79% from the previous closing price of $28.63. In other words, the price has decreased by -$2.79 from its previous closing price. On the day, 7.52 million shares were traded. CFLT stock price reached its highest trading level at $28.375 during the session, while it also had its lowest trading level at $27.41.
Ratios:
For a better understanding of CFLT, let’s look at its different 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:
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 Mar 20 ’24 when Verbowski Chad sold 8,086 shares for $31.20 per share. The transaction valued at 252,283 led to the insider holds 532,072 shares of the business.
Sivaram Rohan sold 588 shares of CFLT for $18,346 on Mar 20 ’24. The CHIEF FINANCIAL OFFICER now owns 600,166 shares after completing the transaction at $31.20 per share. On Mar 20 ’24, another insider, Liu Ying Christina, who serves as the CHIEF ACCOUNTING OFFICER of the company, sold 407 shares for $31.20 each. As a result, the insider received 12,698 and left with 168,338 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 8700270592 and an Enterprise Value of 7913090560. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.85 while its Price-to-Book (P/B) ratio in mrq is 10.70. Its current Enterprise Value per Revenue stands at 10.185 whereas that against EBITDA is -19.466.
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 -8.44%, while the 200-Day Moving Average is calculated to be -1.24%.
Shares Statistics:
Over the past 3-months, CFLT traded about 4.83M shares per day on average, while over the past 10 days, CFLT traded about 3027040 shares per day. A total of 330.93M shares are outstanding, with a floating share count of 231.80M. Insiders hold about 29.95% of the company’s shares, while institutions hold 58.47% stake in the company. Shares short for CFLT as of 1713139200 were 19889712 with a Short Ratio of 4.12, compared to 1710460800 on 19018854. Therefore, it implies a Short% of Shares Outstanding of 19889712 and a Short% of Float of 8.25.
