A new trading day began on Monday, with Confluent Inc (NASDAQ: CFLT) stock price up 3.28% from the previous day of trading, before settling in for the closing price of $26.50. CFLT’s price has ranged from $16.69 to $35.07 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 51.38% over the last five years. Meanwhile, its annual earnings per share averaged 546.85%. With a float of $246.75 million, this company’s outstanding shares have now reached $328.00 million.
The firm has a total of 2744 workers. Let’s measure their productivity. In terms of profitability, gross margin is 73.03%, operating margin of -43.45%, and the pretax margin is -33.97%.
Confluent Inc (CFLT) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Confluent Inc is 24.78%, while institutional ownership is 69.92%. The most recent insider transaction that took place on Nov 07 ’24, was worth 29,361,962. In this transaction Director of this company sold 1,067,242 shares at a rate of $27.51, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 06 ’24, when Company’s Director sold 1,067,244 for $27.15, making the entire transaction worth $28,978,023. This insider now owns 0 shares in total.
Confluent Inc (CFLT) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.09 per share, which was $0.1 higher 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 0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 546.85% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 75.00% during the next five years compared to -40.61% drop over the previous five years of trading.
Confluent Inc (NASDAQ: CFLT) Trading Performance Indicators
Here are Confluent Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.11, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.35 in one year’s time.
Technical Analysis of Confluent Inc (CFLT)
Analysing the last 5-days average volume posted by the [Confluent Inc, CFLT], we can find that recorded value of 4.55 million was better than the volume posted last year of 4.36 million. As of the previous 9 days, the stock’s Stochastic %D was 71.20%. Additionally, its Average True Range was 1.16.
During the past 100 days, Confluent Inc’s (CFLT) raw stochastic average was set at 77.76%, which indicates a significant decrease from 80.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.15% in the past 14 days, which was lower than the 58.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.74, while its 200-day Moving Average is $26.25. Now, the first resistance to watch is $27.78. This is followed by the second major resistance level at $28.18. The third major resistance level sits at $28.82. If the price goes on to break the first support level at $26.74, it is likely to go to the next support level at $26.10. Should the price break the second support level, the third support level stands at $25.70.
Confluent Inc (NASDAQ: CFLT) Key Stats
With a market capitalization of 8.63 billion, the company has a total of 327,995K Shares Outstanding. Currently, annual sales are 776,950 K while annual income is -442,750 K. The company’s previous quarter sales were 250,200 K while its latest quarter income was -74,140 K.
