On Tuesday, Conduent Inc (NASDAQ: CNDT) was 1.41% up from the session before settling in for the closing price of $4.26. A 52-week range for CNDT has been $2.96 – $4.44.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -6.97%. When this article was written, the company’s average yearly earnings per share was at -1037.50%. With a float of $142.80 million, this company’s outstanding shares have now reached $159.89 million.
Considering the fact that the conglomerate employs 59000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 13.65%, operating margin of 0.43%, and the pretax margin is 16.59%.
Conduent Inc (CNDT) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Conduent Inc stocks. The insider ownership of Conduent Inc is 10.69%, while institutional ownership is 72.09%. 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) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
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
You can see what Conduent Inc (CNDT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.20.
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)
Compared to the last year’s volume of 1.11 million, its volume of 1.23 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 65.31%. Additionally, its Average True Range was 0.18.
During the past 100 days, Conduent Inc’s (CNDT) raw stochastic average was set at 91.70%, which indicates a significant increase from 84.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.57% in the past 14 days, which was higher than the 53.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.94, while its 200-day Moving Average is $3.63. Nevertheless, the first resistance level for the watch stands at $4.38 in the near term. At $4.45, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.55. If the price goes on to break the first support level at $4.21, it is likely to go to the next support level at $4.11. Now, if the price goes above the second support level, the third support stands at $4.05.
Conduent Inc (NASDAQ: CNDT) Key Stats
There are 159,890K outstanding shares of the company, which has a market capitalization of 690.72 million. As of now, sales total 3,722 M while income totals -296,000 K. Its latest quarter income was 807,000 K while its last quarter net income were 123,000 K.
