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The closing price of Conduent Inc (NASDAQ: CNDT) was $4.07 for the day, up 2.26% from the previous closing price of $3.98. In other words, the price has increased by $2.26 from its previous closing price. On the day, 1.34 million shares were traded. CNDT stock price reached its highest trading level at $4.11 during the session, while it also had its lowest trading level at $3.965.
Ratios:
Our analysis of CNDT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 75.69. For the most recent quarter (mrq), Quick Ratio is recorded 1.87 and its Current Ratio is at 1.87. In the meantime, Its Debt-to-Equity ratio is 1.57 whereas as Long-Term Debt/Eq ratio is at 1.47.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 832652864 and an Enterprise Value of 1888654848. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 0.508 whereas that against EBITDA is 8.784.
Stock Price History:
Over the past 52 weeks, CNDT has reached a high of $4.18, while it has fallen to a 52-week low of $2.40. The 50-Day Moving Average of the stock is 15.47%, while the 200-Day Moving Average is calculated to be 20.95%.
Shares Statistics:
CNDT traded an average of 1.28M shares per day over the past three months and 1065240 shares per day over the past ten days. A total of 211.51M shares are outstanding, with a floating share count of 187.71M. Insiders hold about 8.25% of the company’s shares, while institutions hold 77.22% stake in the company. Shares short for CNDT as of 1721001600 were 2138800 with a Short Ratio of 1.68, compared to 1718323200 on 2851244. Therefore, it implies a Short% of Shares Outstanding of 2138800 and a Short% of Float of 1.3200001.
