A new trading day began on Friday, with Conduent Inc (NASDAQ: CNDT) stock price down -3.32% from the previous day of trading, before settling in for the closing price of $3.31. CNDT’s price has ranged from $2.40 to $3.81 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Technology sector company slipped by -6.97% over the past five years. Meanwhile, its annual earnings per share averaged -600.00%. With a float of $192.91 million, this company’s outstanding shares have now reached $211.51 million.
Let’s look at the performance matrix of the company that is accounted for 59000 employees.
Conduent Inc (CNDT) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Information Technology Services Industry. The insider ownership of Conduent Inc is 8.13%, while institutional ownership is 77.44%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -600.00% per share during the next fiscal year.
Conduent Inc (NASDAQ: CNDT) Trading Performance Indicators
Here are Conduent Inc’s current performance indicators. According to the last quarter’s results, the 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 0.18. Likewise, its price to free cash flow for the trailing twelve months is 17.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.41, a number that is poised to hit -0.09 in the next quarter
Technical Analysis of Conduent Inc (CNDT)
Conduent Inc (NASDAQ: CNDT) saw its 5-day average volume 0.74 million, a negative change from its year-to-date volume of 1.01 million. As of the previous 9 days, the stock’s Stochastic %D was 36.67%. Additionally, its Average True Range was 0.12.
During the past 100 days, Conduent Inc’s (CNDT) raw stochastic average was set at 45.29%, which indicates a significant increase from 10.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.27% in the past 14 days, which was lower than the 37.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.39, while its 200-day Moving Average is $3.32. Nevertheless, the first resistance level for the watch stands at $3.28 in the near term. At $3.36, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.41. If the price goes on to break the first support level at $3.14, it is likely to go to the next support level at $3.09. Assuming the price breaks the second support level, the third support level stands at $3.01.
Conduent Inc (NASDAQ: CNDT) Key Stats
With a market capitalization of 671.90 million, the company has a total of 208,643K Shares Outstanding. Currently, annual sales are 3,722 M while annual income is -296,000 K. The company’s previous quarter sales were 953,000 K while its latest quarter income was 6,000 K.
