Confluent Inc (NASDAQ: CFLT) kicked off on Friday, up 2.97% from the previous trading day, before settling in for the closing price of $30.61. Over the past 52 weeks, CFLT has traded in a range of $17.79-$35.07.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Technology sector has jumped its sales by 51.38% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 546.85%. With a float of $246.84 million, this company’s outstanding shares have now reached $328.00 million.
In an organization with 2744 employees, it is important to assess its efficiency. 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Confluent Inc is 24.74%, while institutional ownership is 68.75%. The most recent insider transaction that took place on Nov 21 ’24, was worth 2,280,000. In this transaction PRESIDENT, FIELD OPERATIONS of this company sold 75,000 shares at a rate of $30.40, taking the stock ownership to the 678,016 shares. Before that another transaction happened on Nov 20 ’24, when Company’s PRESIDENT, FIELD OPERATIONS sold 9,467 for $28.23, making the entire transaction worth $267,253. This insider now owns 678,016 shares in total.
Confluent Inc (CFLT) Latest Financial update
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
Take a look at Confluent Inc’s (CFLT) current performance indicators. Last quarter, 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 11.63.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 4.59 million. That was better than the volume of 4.38 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 80.46%. Additionally, its Average True Range was 1.32.
During the past 100 days, Confluent Inc’s (CFLT) raw stochastic average was set at 94.95%, which indicates a significant increase from 88.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.82% in the past 14 days, which was lower than the 59.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.35, while its 200-day Moving Average is $26.45. However, in the short run, Confluent Inc’s stock first resistance to watch stands at $32.23. Second resistance stands at $32.94. The third major resistance level sits at $33.63. If the price goes on to break the first support level at $30.83, it is likely to go to the next support level at $30.14. The third support level lies at $29.43 if the price breaches the second support level.
Confluent Inc (NASDAQ: CFLT) Key Stats
The company with the Market Capitalisation of 10.65 billion has total of 327,995K Shares Outstanding. Its annual sales at the moment are 776,950 K in contrast with the sum of -442,750 K annual income. Company’s last quarter sales were recorded 250,200 K and last quarter income was -74,140 K.
