Conduent Inc (NASDAQ: CNDT) on Monday, plunged -5.87% from the previous trading day, before settling in for the closing price of $3.92. Within the past 52 weeks, CNDT’s price has moved between $2.65 and $4.38.
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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. The company achieved an average annual earnings per share of -1100.00%. With a float of $143.06 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 0.37%, and the pretax margin is 16.59%.
Conduent Inc (CNDT) Insider and Institutional Ownership
Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Conduent Inc is 10.52%, while institutional ownership is 69.99%. 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
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
Conduent Inc (CNDT) is currently performing well based on its current performance indicators. A quick ratio of 1.75 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 0.16.
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 1.15 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 52.79%. Additionally, its Average True Range was 0.21.
During the past 100 days, Conduent Inc’s (CNDT) raw stochastic average was set at 50.18%, which indicates a significant increase from 33.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.49% in the past 14 days, which was higher than the 52.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.88, while its 200-day Moving Average is $3.57. However, in the short run, Conduent Inc’s stock first resistance to watch stands at $3.84. Second resistance stands at $3.99. The third major resistance level sits at $4.07. If the price goes on to break the first support level at $3.61, it is likely to go to the next support level at $3.53. The third support level lies at $3.38 if the price breaches the second support level.
Conduent Inc (NASDAQ: CNDT) Key Stats
Market capitalization of the company is 571.06 million based on 159,890K outstanding shares. Right now, sales total 3,722 M and income totals -296,000 K. The company made 807,000 K in profit during its latest quarter, and 123,000 K in sales during its previous quarter.
