CFLT (Confluent Inc) dropped -0.63 at the last close: Is This Today’s Most Popular Stock?

Confluent Inc (NASDAQ: CFLT) kicked off on Monday, down -0.63% from the previous trading day, before settling in for the closing price of $31.72. Over the past 52 weeks, CFLT has traded in a range of $14.69-$41.22.

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During the last 5-year period, the sales growth of Technology Sector giant was 51.38%. While this was happening, its average annual earnings per share was recorded 337.22%. With a float of $185.63 million, this company’s outstanding shares have now reached $307.88 million.

Confluent Inc (CFLT) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Confluent Inc is 39.71%, while institutional ownership is 64.17%. The most recent insider transaction that took place on Dec 21, was worth 203,623. In this transaction Chief Technology Officer of this company sold 8,502 shares at a rate of $23.95, taking the stock ownership to the 409,442 shares. Before that another transaction happened on Dec 21, when Company’s Chief Financial Officer sold 858 for $23.95, making the entire transaction worth $20,549. This insider now owns 326,512 shares in total.

Confluent Inc (CFLT) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 11.46 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 337.22% per share during the next fiscal year.

Confluent Inc (NASDAQ: CFLT) Trading Performance Indicators

Take a look at Confluent Inc’s (CFLT) current performance indicators. Last quarter, stock had a quick ratio of 4.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.49.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.48, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.34 in one year’s time.

Technical Analysis of Confluent Inc (CFLT)

Looking closely at Confluent Inc (NASDAQ: CFLT), its last 5-days average volume was 12.27 million, which is a jump from its year-to-date volume of 5.79 million. As of the previous 9 days, the stock’s Stochastic %D was 89.74%. Additionally, its Average True Range was 1.62.

During the past 100 days, Confluent Inc’s (CFLT) raw stochastic average was set at 91.29%, which indicates a significant increase from 85.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 125.18% in the past 14 days, which was higher than the 111.87% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $23.64, while its 200-day Moving Average is $28.26. However, in the short run, Confluent Inc’s stock first resistance to watch stands at $32.26. Second resistance stands at $33.00. The third major resistance level sits at $33.83. If the price goes on to break the first support level at $30.69, it is likely to go to the next support level at $29.86. Now, if the price goes above the second support level, the third support stands at $29.12.

Confluent Inc (NASDAQ: CFLT) Key Stats

The company with the Market Capitalisation of 9.70 billion has total of 307,875K Shares Outstanding. Its annual sales at the moment are 585,940 K in contrast with the sum of -452,550 K annual income. Company’s last quarter sales were recorded 200,180 K and last quarter income was -92,670 K.