Conduent Inc (NASDAQ: CNDT) on Friday, plunged -1.26% from the previous trading day, before settling in for the closing price of $3.98. Within the past 52 weeks, CNDT’s price has moved between $2.40 and $4.22.
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
Technology Sector giant saw their annual sales slid by -6.97% over the last five years. The company achieved an average annual earnings per share of -1200.00%. With a float of $145.38 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. In terms of profitability, gross margin is 15.96%, operating margin of -7.24%, and the pretax margin is 3.03%.
Conduent Inc (CNDT) Insider Activity
Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Conduent Inc is 10.48%, while institutional ownership is 69.49%. The most recent insider transaction that took place on Jun 08 ’24, was worth 132,378,196. In this transaction 10% Owner of this company sold 38,149,336 shares at a rate of $3.47, taking the stock ownership to the 0 shares.
Conduent Inc (CNDT) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.09 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.02) by -0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1200.00% per share during the next fiscal year.
Conduent Inc (NASDAQ: CNDT) Trading Performance Indicators
Conduent Inc (CNDT) is currently performing well based on its current performance indicators. A quick ratio of 1.65 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.20, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.18 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 0.78 million was lower than the volume posted last year of 1.09 million. As of the previous 9 days, the stock’s Stochastic %D was 40.78%. Additionally, its Average True Range was 0.14.
During the past 100 days, Conduent Inc’s (CNDT) raw stochastic average was set at 77.02%, which indicates a significant increase from 32.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.80% in the past 14 days, which was lower than the 50.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.75, while its 200-day Moving Average is $3.55. Now, the first resistance to watch is $4.01. This is followed by the second major resistance level at $4.08. The third major resistance level sits at $4.14. If the price goes on to break the first support level at $3.87, it is likely to go to the next support level at $3.81. Should the price break the second support level, the third support level stands at $3.74.
Conduent Inc (NASDAQ: CNDT) Key Stats
Market capitalization of the company is 638.23 million based on 204,583K outstanding shares. Right now, sales total 3,722 M and income totals -296,000 K. The company made 828,000 K in profit during its latest quarter, and 216,000 K in sales during its previous quarter.
