Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Conduent Inc (NASDAQ: CNDT) closed at $3.90 down -0.51% from its previous closing price of $3.92. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 1.07 million shares were traded. CNDT stock price reached its highest trading level at $3.95 during the session, while it also had its lowest trading level at $3.84.
Ratios:
For a deeper understanding of Conduent Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 1.75. In the meantime, Its Debt-to-Equity ratio is 0.92 whereas as Long-Term Debt/Eq ratio is at 0.84.
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:
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 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 623571008 and an Enterprise Value of 1313569408. As of this moment, Conduent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.374 whereas that against EBITDA is 12.878.
Stock Price History:
The Beta on a monthly basis for CNDT is 1.35, which has changed by 0.15634215 over the last 52 weeks, in comparison to a change of 0.208081 over the same period for the S&P500. Over the past 52 weeks, CNDT has reached a high of $4.59, while it has fallen to a 52-week low of $2.96. The 50-Day Moving Average of the stock is -3.52%, while the 200-Day Moving Average is calculated to be 4.03%.
Shares Statistics:
For the past three months, CNDT has traded an average of 1.06M shares per day and 595760 over the past ten days. A total of 159.89M shares are outstanding, with a floating share count of 143.18M. Insiders hold about 10.45% of the company’s shares, while institutions hold 69.83% stake in the company. Shares short for CNDT as of 1736899200 were 2118670 with a Short Ratio of 2.00, compared to 1734048000 on 3721482. Therefore, it implies a Short% of Shares Outstanding of 2118670 and a Short% of Float of 1.7999999999999998.
