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Confluent Inc (NASDAQ: CFLT) closed the day trading at $19.69 down -3.29% from the previous closing price of $20.36. In other words, the price has decreased by -$3.29 from its previous closing price. On the day, 4.54 million shares were traded. CFLT stock price reached its highest trading level at $20.47 during the session, while it also had its lowest trading level at $19.64.
Ratios:
For a better understanding of CFLT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.35 and its Current Ratio is at 4.35. In the meantime, Its Debt-to-Equity ratio is 1.27 whereas as Long-Term Debt/Eq ratio is at 1.26.
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 Sep 04 ’24 when Kreps Edward Jay sold 232,500 shares for $19.99 per share. The transaction valued at 4,647,675 led to the insider holds 452,488 shares of the business.
EDWARD JAY KREPS bought 232,500 shares of CFLT for $4,736,025 on Sep 04 ’24. On Aug 20 ’24, another insider, Buscemi Stephanie, who serves as the CHIEF MARKETING OFFICER of the company, sold 3,866 shares for $21.68 each. As a result, the insider received 83,815 and left with 161,673 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 6354416128 and an Enterprise Value of 5536603648. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.22 while its Price-to-Book (P/B) ratio in mrq is 7.26. Its current Enterprise Value per Revenue stands at 6.396 whereas that against EBITDA is -14.911.
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 $14.69. The 50-Day Moving Average of the stock is -9.72%, while the 200-Day Moving Average is calculated to be -25.35%.
Shares Statistics:
Over the past 3-months, CFLT traded about 4.29M shares per day on average, while over the past 10 days, CFLT traded about 3718960 shares per day. A total of 317.34M shares are outstanding, with a floating share count of 233.71M. Insiders hold about 26.35% of the company’s shares, while institutions hold 73.34% stake in the company. Shares short for CFLT as of 1724976000 were 21525788 with a Short Ratio of 5.02, compared to 1722384000 on 18349309. Therefore, it implies a Short% of Shares Outstanding of 21525788 and a Short% of Float of 8.709999999999999.
