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After finishing at $3.52 in the prior trading day, Conduent Inc (NASDAQ: CNDT) closed at $3.57, up 1.42%. In other words, the price has increased by $1.42 from its previous closing price. On the day, 1.43 million shares were traded. CNDT stock price reached its highest trading level at $3.63 during the session, while it also had its lowest trading level at $3.46.
Ratios:
Our goal is to gain a better understanding of CNDT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 66.40. 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:
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 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 730361344 and an Enterprise Value of 1786363008. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 0.48 whereas that against EBITDA is 8.309.
Stock Price History:
Over the past 52 weeks, CNDT has reached a high of $4.20, while it has fallen to a 52-week low of $2.40. The 50-Day Moving Average of the stock is 0.57%, while the 200-Day Moving Average is calculated to be 5.37%.
Shares Statistics:
The stock has traded on average 1.22M shares per day over the past 3-months and 1081120 shares per day over the last 10 days, according to various share statistics. A total of 211.51M shares are outstanding, with a floating share count of 187.58M. Insiders hold about 8.31% of the company’s shares, while institutions hold 77.29% stake in the company. Shares short for CNDT as of 1721001600 were 2138800 with a Short Ratio of 1.76, compared to 1718323200 on 2851244. Therefore, it implies a Short% of Shares Outstanding of 2138800 and a Short% of Float of 1.3200001.
Earnings Estimates
Currently, 2.0 analysts are dedicated to thoroughly evaluating and rating the performance of Conduent Inc (CNDT) in the stock market.The consensus estimate for the next quarter is -$0.21, with high estimates of -$0.21 and low estimates of -$0.22.
Analysts are recommending an EPS of between -$0.72 and -$0.73 for the fiscal current year, implying an average EPS of -$0.72. EPS for the following year is -$0.23, with 2.0 analysts recommending between -$0.13 and -$0.34.
Revenue Estimates
3 analysts predict $803.33M in revenue for the current quarter. It ranges from a high estimate of $812M to a low estimate of $795M. As of the current estimate, Conduent Inc’s year-ago sales were $900MFor the next quarter, 3 analysts are estimating revenue of $812.33M. There is a high estimate of $819M for the next quarter, whereas the lowest estimate is $808M.
A total of 4 analysts have provided revenue estimates for CNDT’s current fiscal year. The highest revenue estimate was $3.65B, while the lowest revenue estimate was $3.34B, resulting in an average revenue estimate of $3.43B. In the same quarter a year ago, actual revenue was $3.72BBased on 4 analysts’ estimates, the company’s revenue will be $3.39B in the next fiscal year. The high estimate is $3.8B and the low estimate is $3.19B.
