Conduent Inc (NASDAQ: CNDT) kicked off on Monday, up 4.63% from the previous trading day, before settling in for the closing price of $4.10. Over the past 52 weeks, CNDT has traded in a range of $2.40-$4.22.
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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. While this was happening, its average annual earnings per share was recorded -1100.00%. With a float of $143.14 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 13.65%, operating margin of 5.61%, and the pretax margin is 16.59%.
Conduent Inc (CNDT) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Information Technology Services Industry. The insider ownership of Conduent Inc is 10.48%, while institutional ownership is 70.39%. 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) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.03 earnings per share (EPS), lower than consensus estimate (set at 0.04) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1100.00% per share during the next fiscal year.
Conduent Inc (NASDAQ: CNDT) Trading Performance Indicators
Take a look at Conduent Inc’s (CNDT) current performance indicators. Last quarter, stock had a quick ratio of 1.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.26, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.07 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 1.67 million. That was better than the volume of 1.1 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 94.00%. Additionally, its Average True Range was 0.19.
During the past 100 days, Conduent Inc’s (CNDT) raw stochastic average was set at 99.24%, which indicates a significant increase from 98.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.33% in the past 14 days, which was higher than the 51.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.85, while its 200-day Moving Average is $3.56. However, in the short run, Conduent Inc’s stock first resistance to watch stands at $4.37. Second resistance stands at $4.45. The third major resistance level sits at $4.61. If the price goes on to break the first support level at $4.14, it is likely to go to the next support level at $3.98. Assuming the price breaks the second support level, the third support level stands at $3.90.
Conduent Inc (NASDAQ: CNDT) Key Stats
The company with the Market Capitalisation of 689.29 million has total of 159,890K Shares Outstanding. Its annual sales at the moment are 3,722 M in contrast with the sum of -296,000 K annual income. Company’s last quarter sales were recorded 828,000 K and last quarter income was 216,000 K.
