A new trading day began on Tuesday, with Conduent Inc (NASDAQ: CNDT) stock price up 1.37% from the previous day of trading, before settling in for the closing price of $3.66. CNDT’s price has ranged from $2.40 to $4.22 over the past 52 weeks.
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During the last 5-year period, the sales drop of Technology Sector giant was -6.97%. 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.
Let’s determine the extent of company efficiency that accounts for 59000 employees. In terms of profitability, gross margin is 15.96%, operating margin of -7.24%, and the pretax margin is 3.03%.
Conduent Inc (CNDT) Breakdown of a Key Holders of the stock
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 69.85%. 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) Recent Fiscal highlights
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 0.17.
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)
Looking closely at Conduent Inc (NASDAQ: CNDT), its last 5-days average volume was 1.08 million, which is a drop from its year-to-date volume of 1.09 million. As of the previous 9 days, the stock’s Stochastic %D was 52.15%. Additionally, its Average True Range was 0.14.
During the past 100 days, Conduent Inc’s (CNDT) raw stochastic average was set at 59.27%, which indicates a significant increase from 37.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.83% in the past 14 days, which was lower than the 48.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.83, while its 200-day Moving Average is $3.56. However, in the short run, Conduent Inc’s stock first resistance to watch stands at $3.78. Second resistance stands at $3.84. The third major resistance level sits at $3.92. If the price goes on to break the first support level at $3.63, it is likely to go to the next support level at $3.55. Now, if the price goes above the second support level, the third support stands at $3.49.
Conduent Inc (NASDAQ: CNDT) Key Stats
With a market capitalization of 602.50 million, the company has a total of 162,398K 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.
