On Friday, Confluent Inc (NASDAQ: CFLT) opened higher 3.35% from the last session, before settling in for the closing price of $21.80. Price fluctuations for CFLT have ranged from $14.69 to $35.07 over the past 52 weeks.
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Annual sales at Technology sector company grew by 51.38% over the past five years. Company’s average yearly earnings per share was noted 421.39% at the time writing. With a float of $238.88 million, this company’s outstanding shares have now reached $322.72 million.
Let’s look at the performance matrix of the company that is accounted for 2744 employees. In terms of profitability, gross margin is 72.3%, operating margin of -47.7%, and the pretax margin is -38.24%.
Confluent Inc (CFLT) Insider Updates
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Confluent Inc is 25.98%, while institutional ownership is 71.88%. The most recent insider transaction that took place on Sep 20 ’24, was worth 3,823. In this transaction Chief Accounting Officer of this company sold 190 shares at a rate of $20.12, taking the stock ownership to the 124,652 shares. Before that another transaction happened on Sep 04 ’24, when Company’s CHIEF EXECUTIVE OFFICER sold 232,500 for $19.99, making the entire transaction worth $4,647,675. This insider now owns 452,488 shares in total.
Confluent Inc (CFLT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 421.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 76.50% during the next five years compared to -40.61% drop over the previous five years of trading.
Confluent Inc (NASDAQ: CFLT) Trading Performance Indicators
Check out the current performance indicators for Confluent Inc (CFLT). In the past quarter, the stock posted a quick ratio of 4.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.40.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.19, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.31 in one year’s time.
Technical Analysis of Confluent Inc (CFLT)
Confluent Inc (NASDAQ: CFLT) saw its 5-day average volume 2.27 million, a negative change from its year-to-date volume of 4.31 million. As of the previous 9 days, the stock’s Stochastic %D was 43.16%. Additionally, its Average True Range was 0.82.
During the past 100 days, Confluent Inc’s (CFLT) raw stochastic average was set at 38.47%, which indicates a significant decrease from 87.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.09% in the past 14 days, which was lower than the 56.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.80, while its 200-day Moving Average is $26.06. Nevertheless, the first resistance level for the watch stands at $22.99 in the near term. At $23.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $24.05. If the price goes on to break the first support level at $21.93, it is likely to go to the next support level at $21.34. Assuming the price breaks the second support level, the third support level stands at $20.87.
Confluent Inc (NASDAQ: CFLT) Key Stats
There are currently 317,835K shares outstanding in the company with a market cap of 7.27 billion. Presently, the company’s annual sales total 776,950 K according to its annual income of -442,750 K. Last quarter, the company’s sales amounted to 234,990 K and its income totaled -89,900 K.
