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The price of Confluent Inc (NASDAQ: CFLT) closed at $27.13 in the last session, up 2.65% from day before closing price of $26.43. In other words, the price has increased by $2.65 from its previous closing price. On the day, 6.57 million shares were traded. CFLT stock price reached its highest trading level at $27.82 during the session, while it also had its lowest trading level at $26.245.
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 4.15 and its Current Ratio is at 4.15. In the meantime, Its Debt-to-Equity ratio is 1.19 whereas as Long-Term Debt/Eq ratio is at 1.18.
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, Robert W. Baird on September 04, 2024, initiated with a Neutral rating and assigned the stock a target price of $23.
On August 09, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $25.
On June 11, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $35.Evercore ISI initiated its Outperform rating on June 11, 2024, with a $35 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 Nov 06 ’24 when Sequoia Capital Fund Parallel, bought 144,081 shares for $26.43 per share.
Sequoia Capital Fund, L.P. bought 923,163 shares of CFLT for $24,399,198 on Nov 06 ’24. On Nov 01 ’24, another insider, Buscemi Stephanie, who serves as the CHIEF MARKETING OFFICER of the company, sold 164,123 shares for $26.24 each. As a result, the insider received 4,306,588 and left with 149,644 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 8672103424 and an Enterprise Value of 8152342528. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.72 while its Price-to-Book (P/B) ratio in mrq is 9.50. Its current Enterprise Value per Revenue stands at 8.904 whereas that against EBITDA is -22.98.
Stock Price History:
Over the past 52 weeks, CFLT has reached a high of $35.07, while it has fallen to a 52-week low of $16.69. The 50-Day Moving Average of the stock is 26.98%, while the 200-Day Moving Average is calculated to be 3.62%.
Shares Statistics:
According to the various share statistics, CFLT traded on average about 3.82M shares per day over the past 3-months and 4533650 shares per day over the past 10 days. A total of 328.00M shares are outstanding, with a floating share count of 246.54M. Insiders hold about 24.83% of the company’s shares, while institutions hold 70.65% stake in the company. Shares short for CFLT as of 1728950400 were 20060708 with a Short Ratio of 5.26, compared to 1726185600 on 18633821. Therefore, it implies a Short% of Shares Outstanding of 20060708 and a Short% of Float of 7.88.
