Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $29.95 in the prior trading day, Confluent Inc (NASDAQ: CFLT) closed at $30.01, up 0.20%. In other words, the price has increased by $0.20 from its previous closing price. On the day, 0.95 million shares were traded. CFLT stock price reached its highest trading level at $30.19 during the session, while it also had its lowest trading level at $29.66.
Ratios:
Our goal is to gain a better understanding of CFLT by taking a closer look at its different ratios. 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:
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 Dec 20 ’24 when Phan Kong sold 3,947 shares for $28.74 per share. The transaction valued at 113,437 led to the insider holds 179,939 shares of the business.
Narkhede Neha sold 186,300 shares of CFLT for $5,710,300 on Dec 13 ’24. The Director now owns 20,247 shares after completing the transaction at $30.65 per share. On Dec 12 ’24, another insider, Phan Kong, who serves as the Chief Accounting Officer of the company, sold 12,460 shares for $31.30 each. As a result, the insider received 389,951 and left with 183,886 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 9843130368 and an Enterprise Value of 9087128576. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.77 while its Price-to-Book (P/B) ratio in mrq is 10.51. Its current Enterprise Value per Revenue stands at 9.925 whereas that against EBITDA is -25.615.
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 $17.79. The 50-Day Moving Average of the stock is 7.53%, while the 200-Day Moving Average is calculated to be 14.34%.
Shares Statistics:
The stock has traded on average 4.12M shares per day over the past 3-months and 4097880 shares per day over the last 10 days, according to various share statistics. A total of 257.42M shares are outstanding, with a floating share count of 247.28M. Insiders hold about 24.61% of the company’s shares, while institutions hold 68.83% stake in the company. Shares short for CFLT as of 1732838400 were 14136180 with a Short Ratio of 3.37, compared to 1730332800 on 17331758. Therefore, it implies a Short% of Shares Outstanding of 14136180 and a Short% of Float of 5.54.
