A new trading day began on Monday, with Conduent Inc (NASDAQ: CNDT) stock price up 10.99% from the previous day of trading, before settling in for the closing price of $3.73. CNDT’s price has ranged from $2.96 to $4.38 over the past 52 weeks.
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
Annual sales at Technology sector company slipped by -6.97% over the past five years. Meanwhile, its annual earnings per share averaged -1037.50%. With a float of $143.06 million, this company’s outstanding shares have now reached $159.89 million.
Let’s look at the performance matrix of the company that is accounted for 59000 employees. In terms of profitability, gross margin is 13.65%, operating margin of 0.43%, and the pretax margin is 16.59%.
Conduent Inc (CNDT) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Information Technology Services Industry. The insider ownership of Conduent Inc is 10.52%, while institutional ownership is 72.07%. 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 -1037.50% per share during the next fiscal year.
Conduent Inc (NASDAQ: CNDT) Trading Performance Indicators
Here are Conduent Inc’s current performance indicators. According to the last quarter’s results, the 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 0.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.26, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.04 in one year’s time.
Technical Analysis of Conduent Inc (CNDT)
Conduent Inc (NASDAQ: CNDT) saw its 5-day average volume 1.12 million, a positive change from its year-to-date volume of 1.1 million. As of the previous 9 days, the stock’s Stochastic %D was 63.29%. Additionally, its Average True Range was 0.19.
During the past 100 days, Conduent Inc’s (CNDT) raw stochastic average was set at 82.67%, which indicates a significant increase from 73.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.95% in the past 14 days, which was higher than the 54.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.87, while its 200-day Moving Average is $3.59. Nevertheless, the first resistance level for the watch stands at $4.27 in the near term. At $4.41, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.68. If the price goes on to break the first support level at $3.87, it is likely to go to the next support level at $3.60. The third support level lies at $3.46 if the price breaches the second support level.
Conduent Inc (NASDAQ: CNDT) Key Stats
With a market capitalization of 667.31 million, the company has a total of 159,890K Shares Outstanding. Currently, annual sales are 3,722 M while annual income is -296,000 K. The company’s previous quarter sales were 807,000 K while its latest quarter income was 123,000 K.
