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Confluent Inc (NASDAQ: CFLT) closed the day trading at $21.31 up 5.60% from the previous closing price of $20.18. In other words, the price has increased by $5.60 from its previous closing price. On the day, 5.42 million shares were traded. CFLT stock price reached its highest trading level at $21.515 during the session, while it also had its lowest trading level at $20.29.
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.
On June 11, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $35.
On May 17, 2024, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $37.Oppenheimer initiated its Outperform rating on May 17, 2024, with a $37 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 Aug 13 ’24 when Index Ventures Growth IV (Jers bought 465,882 shares for $20.18 per share.
Yucca (Jersey) SLP bought 12,070 shares of CFLT for $243,573 on Aug 13 ’24. On Aug 08 ’24, another insider, Vishria Eric, who serves as the Director of the company, sold 30,953 shares for $20.11 each. As a result, the insider received 622,465 and left with 1,340,115 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 6877227008 and an Enterprise Value of 6059415552. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.81 while its Price-to-Book (P/B) ratio in mrq is 7.86. Its current Enterprise Value per Revenue stands at 7.0 whereas that against EBITDA is -16.32.
Stock Price History:
Over the past 52 weeks, CFLT has reached a high of $35.22, while it has fallen to a 52-week low of $14.69. The 50-Day Moving Average of the stock is -16.40%, while the 200-Day Moving Average is calculated to be -19.32%.
Shares Statistics:
Over the past 3-months, CFLT traded about 4.21M shares per day on average, while over the past 10 days, CFLT traded about 7398280 shares per day. A total of 317.34M shares are outstanding, with a floating share count of 233.50M. Insiders hold about 26.42% of the company’s shares, while institutions hold 70.19% stake in the company. Shares short for CFLT as of 1722384000 were 18349309 with a Short Ratio of 4.36, compared to 1719532800 on 23760528. Therefore, it implies a Short% of Shares Outstanding of 18349309 and a Short% of Float of 7.4200004.
