For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) closed the day trading at $66.76 down -1.13% from the previous closing price of $67.52. In other words, the price has decreased by -$1.13 from its previous closing price. On the day, 3.46 million shares were traded. CTSH stock price reached its highest trading level at $67.5 during the session, while it also had its lowest trading level at $66.2.
Ratios:
For a better understanding of CTSH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.49. For the most recent quarter (mrq), Quick Ratio is recorded 2.25 and its Current Ratio is at 2.25. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.09.
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 the company, Susquehanna on April 01, 2024, Downgraded its rating to Neutral and sets its target price to $80 from $87 previously.
On March 19, 2024, Guggenheim started tracking the stock assigning a Neutral rating and target price of $80.
On January 30, 2024, Mizuho started tracking the stock assigning a Neutral rating and target price of $82.Mizuho initiated its Neutral rating on January 30, 2024, with a $82 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 Mar 12 ’24 when Diaz Kathryn sold 900 shares for $77.06 per share. The transaction valued at 69,350 led to the insider holds 8,312 shares of the business.
Patsalos-Fox Michael sold 10,000 shares of CTSH for $767,323 on Feb 21 ’24. The Director now owns 54,695 shares after completing the transaction at $76.73 per share. On Jun 12 ’23, another insider, Patsalos-Fox Michael, who serves as the Director of the company, sold 6,926 shares for $62.79 each. As a result, the insider received 434,875 and left with 64,695 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, CTSH now has a Market Capitalization of 33193007104 and an Enterprise Value of 31939934208. As of this moment, Cognizant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.87, and their Forward P/E ratio for the next fiscal year is 13.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.72 while its Price-to-Book (P/B) ratio in mrq is 2.51. Its current Enterprise Value per Revenue stands at 1.65 whereas that against EBITDA is 9.347.
Stock Price History:
Over the past 52 weeks, CTSH has reached a high of $80.09, while it has fallen to a 52-week low of $58.09. The 50-Day Moving Average of the stock is -9.76%, while the 200-Day Moving Average is calculated to be -6.51%.
Shares Statistics:
Over the past 3-months, CTSH traded about 4.44M shares per day on average, while over the past 10 days, CTSH traded about 3365760 shares per day. A total of 498.00M shares are outstanding, with a floating share count of 496.18M. Insiders hold about 0.20% of the company’s shares, while institutions hold 96.15% stake in the company. Shares short for CTSH as of 1713139200 were 13233450 with a Short Ratio of 2.98, compared to 1710460800 on 10525691. Therefore, it implies a Short% of Shares Outstanding of 13233450 and a Short% of Float of 3.4000000000000004.
Dividends & Splits
CTSH’s forward annual dividend rate is 1.17, up from 1.17 a year ago. Against a Trailing Annual Dividend Yield of 0.017328199The stock’s 5-year Average Dividend Yield is 1.41.
