On May 23, 2023, Conduent Incorporated (NASDAQ: CNDT) opened at $3.49, lower -3.12% from the last session. During the day, the shares moved up to $3.52 and dropped to $3.38 before settling in for the closing price of $3.52. Price fluctuations for CNDT have ranged from $2.69 to $5.57 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -8.50%. Company’s average yearly earnings per share was noted -397.90% at the time writing. With a float of $204.75 million, this company’s outstanding shares have now reached $218.41 million.
Considering the fact that the conglomerate employs 62000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +15.81, operating margin of +3.86, and the pretax margin is -3.29.
Conduent Incorporated (CNDT) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Information Technology Services industry is another important factor to consider. The insider ownership of Conduent Incorporated is 2.80%, while institutional ownership is 83.20%. The most recent insider transaction that took place on May 05, was worth 100,156. In this transaction President and CEO of this company bought 34,418 shares at a rate of $2.91, taking the stock ownership to the 3,447,499 shares. Before that another transaction happened on May 05, when Company’s EVP, Chief Financial Officer bought 33,373 for $3.00, making the entire transaction worth $100,059. This insider now owns 697,681 shares in total.
Conduent Incorporated (CNDT) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $0 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.05) by -$0.05. This company achieved a net margin of -4.72 while generating a return on equity of -15.60. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -397.90% per share during the next fiscal year.
Conduent Incorporated (NASDAQ: CNDT) Trading Performance Indicators
Check out the current performance indicators for Conduent Incorporated (CNDT). In the past quarter, the stock posted a quick ratio of 1.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.54, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.29 in one year’s time.
Technical Analysis of Conduent Incorporated (CNDT)
Compared to the last year’s volume of 0.98 million, its volume of 1.16 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 79.04%. Additionally, its Average True Range was 0.17.
During the past 100 days, Conduent Incorporated’s (CNDT) raw stochastic average was set at 31.78%, which indicates a significant decrease from 73.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.41% in the past 14 days, which was higher than the 46.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.29, while its 200-day Moving Average is $3.86. Nevertheless, the first resistance level for the watch stands at $3.49 in the near term. At $3.58, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.63. If the price goes on to break the first support level at $3.35, it is likely to go to the next support level at $3.30. Now, if the price goes above the second support level, the third support stands at $3.21.
Conduent Incorporated (NASDAQ: CNDT) Key Stats
There are currently 218,443K shares outstanding in the company with a market cap of 751.15 million. Presently, the company’s annual sales total 3,858 M according to its annual income of -182,000 K. Last quarter, the company’s sales amounted to 922,000 K and its income totaled -6,000 K.
