Conduent Inc (NASDAQ: CNDT) kicked off on Tuesday, up 0.90% from the previous trading day ,before settling in for the closing price of $3.35. Over the past 52 weeks, CNDT has traded in a range of $2.40-$3.81.
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Technology Sector giant saw their annual sales slid by -6.97% over the last five years. While this was happening, its average annual earnings per share was recorded 1075.00%. With a float of $192.91 million, this company’s outstanding shares have now reached $211.51 million.
The firm has a total of 59000 workers. Let’s measure their productivity.
Conduent Inc (CNDT) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Information Technology Services Industry. The insider ownership of Conduent Inc is 8.13%, while institutional ownership is 77.40%. The most recent insider transaction that took place on May 05 ’23, 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 ’23, 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 Inc (CNDT) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $0.03 earnings per share (EPS), lower than consensus estimate (set at $0.04) by -$0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1075.00% per share during the next fiscal year.
Conduent Inc (NASDAQ: CNDT) Trading Performance Indicators
Take a look at Conduent Inc’s (CNDT) current performance indicators. Last quarter, stock had a quick ratio of 1.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.19. Likewise, its price to free cash flow for the trailing twelve months is 18.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.41, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.02 in one year’s time.
Technical Analysis of Conduent Inc (CNDT)
Analysing the last 5-days average volume posted by the [Conduent Inc, CNDT], we can find that recorded value of 0.6 million was lower than the volume posted last year of 1.01 million. As of the previous 9 days, the stock’s Stochastic %D was 55.38%. Additionally, its Average True Range was 0.12.
During the past 100 days, Conduent Inc’s (CNDT) raw stochastic average was set at 65.32%, which indicates a significant decrease from 70.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.93% in the past 14 days, which was lower than the 39.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.41, while its 200-day Moving Average is $3.32. Now, the first resistance to watch is $3.46. This is followed by the second major resistance level at $3.55. The third major resistance level sits at $3.62. If the price goes on to break the first support level at $3.30, it is likely to go to the next support level at $3.23. Should the price break the second support level, the third support level stands at $3.14.
Conduent Inc (NASDAQ: CNDT) Key Stats
The company with the Market Capitalisation of 709.70 million has total of 208,643K Shares Outstanding. Its annual sales at the moment are 3,722 M in contrast with the sum of -296,000 K annual income. Company’s last quarter sales were recorded 953,000 K and last quarter income was 6,000 K.
