A new trading day began on Friday, with Conduent Inc (NASDAQ: CNDT) stock price down -3.78% from the previous day of trading, before settling in for the closing price of $3.70. CNDT’s price has ranged from $2.40 to $4.22 over the past 52 weeks.
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A company in the Technology sector has dropped its sales by -6.97% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -1200.00%. With a float of $145.38 million, this company’s outstanding shares have now reached $211.51 million.
In an organization with 59000 employees, it is important to assess its efficiency. 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 and Institutional Ownership
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 10.48%, while institutional ownership is 69.53%. 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) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.09 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are Conduent Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.16.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.11 million. That was better than the volume of 1.09 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 10.80%. Additionally, its Average True Range was 0.14.
During the past 100 days, Conduent Inc’s (CNDT) raw stochastic average was set at 47.18%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.36% in the past 14 days, which was lower than the 49.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.80, while its 200-day Moving Average is $3.55. However, in the short run, Conduent Inc’s stock first resistance to watch stands at $3.68. Second resistance stands at $3.80. The third major resistance level sits at $3.86. If the price goes on to break the first support level at $3.50, it is likely to go to the next support level at $3.44. The third support level lies at $3.32 if the price breaches the second support level.
Conduent Inc (NASDAQ: CNDT) Key Stats
With a market capitalization of 578.14 million, the company has a total of 204,583K Shares Outstanding. Currently, annual sales are 3,722 M while annual income is -296,000 K. The company’s previous quarter sales were 828,000 K while its latest quarter income was 216,000 K.
