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.
In the latest session, Conduent Inc (NASDAQ: CNDT) closed at $3.82 up 1.60% from its previous closing price of $3.76. In other words, the price has increased by $1.60 from its previous closing price. On the day, 0.73 million shares were traded. CNDT stock price reached its highest trading level at $3.86 during the session, while it also had its lowest trading level at $3.712.
Ratios:
For a deeper understanding of Conduent Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 71.05. 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.
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 781507072 and an Enterprise Value of 1825233920. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 0.491 whereas that against EBITDA is 8.489.
Stock Price History:
Over the past 52 weeks, CNDT has reached a high of $4.08, while it has fallen to a 52-week low of $2.40. The 50-Day Moving Average of the stock is 15.83%, while the 200-Day Moving Average is calculated to be 15.65%.
Shares Statistics:
For the past three months, CNDT has traded an average of 1.09M shares per day and 1359150 over the past ten days. A total of 211.51M shares are outstanding, with a floating share count of 189.36M. Insiders hold about 7.44% of the company’s shares, while institutions hold 79.74% stake in the company. Shares short for CNDT as of 1713139200 were 1740872 with a Short Ratio of 1.60, compared to 1710460800 on 1835527. Therefore, it implies a Short% of Shares Outstanding of 1740872 and a Short% of Float of 1.04.
