Confluent Inc (NASDAQ: CFLT) on Friday, plunged -3.56% from the previous trading day, before settling in for the closing price of $28.66. Within the past 52 weeks, CFLT’s price has moved between $17.79 and $35.07.
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During the last 5-year period, the sales growth of Technology Sector giant was 51.38%. The company achieved an average annual earnings per share of 546.90%. With a float of $247.28 million, this company’s outstanding shares have now reached $257.42 million.
Let’s determine the extent of company efficiency that accounts for 2744 employees. 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 Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Confluent Inc is 24.61%, while institutional ownership is 68.82%. The most recent insider transaction that took place on Dec 20 ’24, was worth 113,437. In this transaction Chief Accounting Officer of this company sold 3,947 shares at a rate of $28.74, taking the stock ownership to the 179,939 shares. Before that another transaction happened on Dec 13 ’24, when Company’s Director sold 186,300 for $30.65, making the entire transaction worth $5,710,300. This insider now owns 20,247 shares in total.
Confluent Inc (CFLT) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 546.90% 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
Confluent Inc (CFLT) is currently performing well based on its current performance indicators. A quick ratio of 4.15 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 9.90.
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)
Looking closely at Confluent Inc (NASDAQ: CFLT), its last 5-days average volume was 2.61 million, which is a drop from its year-to-date volume of 2.64 million. As of the previous 9 days, the stock’s Stochastic %D was 29.88%. Additionally, its Average True Range was 1.20.
During the past 100 days, Confluent Inc’s (CFLT) raw stochastic average was set at 58.37%, which indicates a significant increase from 15.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.05% in the past 14 days, which was lower than the 48.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.23, while its 200-day Moving Average is $26.12. However, in the short run, Confluent Inc’s stock first resistance to watch stands at $28.16. Second resistance stands at $28.69. The third major resistance level sits at $29.20. If the price goes on to break the first support level at $27.13, it is likely to go to the next support level at $26.62. Should the price break the second support level, the third support level stands at $26.09.
Confluent Inc (NASDAQ: CFLT) Key Stats
Market capitalization of the company is 9.07 billion based on 327,995K outstanding shares. Right now, sales total 776,950 K and income totals -442,750 K. The company made 250,200 K in profit during its latest quarter, and -74,140 K in sales during its previous quarter.
