Cognizant Technology Solutions Corp (NASDAQ: CTSH) on Friday, plunged -4.53% from the previous trading day, before settling in for the closing price of $80.77. Within the past 52 weeks, CTSH’s price has moved between $63.79 and $82.41.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 3.81%. The company achieved an average annual earnings per share of 2.50%. With a float of $494.80 million, this company’s outstanding shares have now reached $498.00 million.
The extent of productivity of a business whose workforce counts for 347700 workers is very important to gauge. In terms of profitability, gross margin is 31.7%, operating margin of 15.25%, and the pretax margin is 15.18%.
Cognizant Technology Solutions Corp (CTSH) Insider Updates
Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Cognizant Technology Solutions Corp is 0.21%, while institutional ownership is 96.64%. The most recent insider transaction that took place on Aug 06 ’24, was worth 495,584. In this transaction Chief Executive Officer of this company sold 6,728 shares at a rate of $73.66, taking the stock ownership to the 46,427 shares. Before that another transaction happened on Aug 06 ’24, when Company’s Officer proposed sale 6,728 for $73.66, making the entire transaction worth $495,557.
Cognizant Technology Solutions Corp (CTSH) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.18 earnings per share (EPS) for the period topping the consensus outlook (set at 1.04) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.68% during the next five years compared to 3.19% growth over the previous five years of trading.
Cognizant Technology Solutions Corp (NASDAQ: CTSH) Trading Performance Indicators
Cognizant Technology Solutions Corp (CTSH) is currently performing well based on its current performance indicators. A quick ratio of 2.23 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.88. Likewise, its price to free cash flow for the trailing twelve months is 22.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.52, a number that is poised to hit 1.12 in the next quarter and is forecasted to reach 4.98 in one year’s time.
Technical Analysis of Cognizant Technology Solutions Corp (CTSH)
The latest stats from [Cognizant Technology Solutions Corp, CTSH] show that its last 5-days average volume of 3.47 million was inferior to 3.83 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 69.37%. Additionally, its Average True Range was 1.68.
During the past 100 days, Cognizant Technology Solutions Corp’s (CTSH) raw stochastic average was set at 66.58%, which indicates a significant increase from 43.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.29% in the past 14 days, which was higher than the 22.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $76.85, while its 200-day Moving Average is $73.25. Now, the first resistance to watch is $79.39. This is followed by the second major resistance level at $81.68. The third major resistance level sits at $82.83. If the price goes on to break the first support level at $75.95, it is likely to go to the next support level at $74.80. Assuming the price breaks the second support level, the third support level stands at $72.51.
Cognizant Technology Solutions Corp (NASDAQ: CTSH) Key Stats
Market capitalization of the company is 36.50 billion based on 495,824K outstanding shares. Right now, sales total 19,353 M and income totals 2,126 M. The company made 5,044 M in profit during its latest quarter, and 582,000 K in sales during its previous quarter.
