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The price of Conduent Inc (NASDAQ: CNDT) closed at $3.03 in the last session, down -0.66% from day before closing price of $3.05. In other words, the price has decreased by -$0.66 from its previous closing price. On the day, 0.74 million shares were traded. CNDT stock price reached its highest trading level at $3.105 during the session, while it also had its lowest trading level at $3.03.
Ratios:
We take a closer look at CNDT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.74. For the most recent quarter (mrq), Quick Ratio is recorded 1.91 and its Current Ratio is at 1.91. In the meantime, Its Debt-to-Equity ratio is 1.94 whereas as Long-Term Debt/Eq ratio is at 1.82.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 05 ’23 when Skelton Clifford bought 34,418 shares for $2.91 per share. The transaction valued at 100,156 led to the insider holds 3,447,499 shares of the business.
Wood Stephen Henry bought 33,373 shares of CNDT for $100,059 on May 05 ’23. The EVP, Chief Financial Officer now owns 697,681 shares after completing the transaction at $3.00 per share.
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 632188288 and an Enterprise Value of 1781423488. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 0.479 whereas that against EBITDA is 7.581.
Stock Price History:
Over the past 52 weeks, CNDT has reached a high of $3.81, while it has fallen to a 52-week low of $2.40. The 50-Day Moving Average of the stock is -9.00%, while the 200-Day Moving Average is calculated to be -8.49%.
Shares Statistics:
According to the various share statistics, CNDT traded on average about 1.01M shares per day over the past 3-months and 766350 shares per day over the past 10 days. A total of 211.51M shares are outstanding, with a floating share count of 192.91M. Insiders hold about 8.13% of the company’s shares, while institutions hold 77.50% stake in the company. Shares short for CNDT as of 1711584000 were 1442477 with a Short Ratio of 1.43, compared to 1709164800 on 1495640. Therefore, it implies a Short% of Shares Outstanding of 1442477 and a Short% of Float of 0.8699999999999999.
Earnings Estimates
The market rating of Conduent Inc (CNDT) is currently shaped by the ongoing analysis conducted by 1.0 analysts closely monitoring its performance.On average, analysts expect EPS of $0.0 for the current quarter, with a high estimate of $0.0 and a low estimate of $0.0, while EPS last year was $0. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.06 and low estimates of -$0.06.
Analysts are recommending an EPS of between $0.08 and -$0.28 for the fiscal current year, implying an average EPS of -$0.1. EPS for the following year is -$0.17, with 1.0 analysts recommending between -$0.17 and -$0.17.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $895.5M. It ranges from a high estimate of $896M to a low estimate of $895M. As of the current estimate, Conduent Inc’s year-ago sales were $920MFor the next quarter, 2 analysts are estimating revenue of $856M. There is a high estimate of $885M for the next quarter, whereas the lowest estimate is $827M.
A total of 3 analysts have provided revenue estimates for CNDT’s current fiscal year. The highest revenue estimate was $3.65B, while the lowest revenue estimate was $3.43B, resulting in an average revenue estimate of $3.56B. In the same quarter a year ago, actual revenue was $3.72BBased on 3 analysts’ estimates, the company’s revenue will be $3.49B in the next fiscal year. The high estimate is $3.8B and the low estimate is $3.2B.
