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As of close of business last night, Conduent Inc’s stock clocked out at $4.02, up 0.75% from its previous closing price of $3.99. In other words, the price has increased by $0.75 from its previous closing price. On the day, 0.71 million shares were traded. CNDT stock price reached its highest trading level at $4.03 during the session, while it also had its lowest trading level at $3.94.
Ratios:
To gain a deeper understanding of CNDT’s stock, we examine its different 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 642757824 and an Enterprise Value of 1332756224. As of this moment, Conduent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1.78. 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 0.73. Its current Enterprise Value per Revenue stands at 0.38 whereas that against EBITDA is 13.066.
Stock Price History:
The Beta on a monthly basis for CNDT is 1.42, which has changed by 0.084239125 over the last 52 weeks, in comparison to a change of 0.24440956 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 -0.59%, while the 200-Day Moving Average is calculated to be 8.21%.
Shares Statistics:
It appears that CNDT traded 1.12M shares on average per day over the past three months and 695380 shares per day 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 72.23% stake in the company. Shares short for CNDT as of 1735603200 were 2290667 with a Short Ratio of 2.04, compared to 1732838400 on 2964687. Therefore, it implies a Short% of Shares Outstanding of 2290667 and a Short% of Float of 1.94.
Earnings Estimates
A comprehensive evaluation of Conduent Inc (CNDT) is underway, with the input of 1 analysts contributing to its current rating.The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.08 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.45 and -$0.45 for the fiscal current year, implying an average EPS of -$0.45.
Revenue Estimates
For the next quarter, 2 analysts are estimating revenue of $800M. There is a high estimate of $800M for the next quarter, whereas the lowest estimate is $800M.
A total of 2 analysts have provided revenue estimates for CNDT’s current fiscal year. The highest revenue estimate was $3.37B, while the lowest revenue estimate was $3.36B, resulting in an average revenue estimate of $3.37B. In the same quarter a year ago, actual revenue was $3.72BBased on 2 analysts’ estimates, the company’s revenue will be $3.28B in the next fiscal year. The high estimate is $3.29B and the low estimate is $3.27B.
