On Monday, Conduent Inc (NASDAQ: CNDT) opened lower -5.37% from the last session, before settling in for the closing price of $3.54. Price fluctuations for CNDT have ranged from $2.96 to $4.90 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales slided by -5.51%. Company’s average yearly earnings per share was noted 41.18% at the time writing. With a float of $144.99 million, this company’s outstanding shares have now reached $161.83 million.
The extent of productivity of a business whose workforce counts for 56000 workers is very important to gauge. In terms of profitability, gross margin is 13.97%, operating margin of 20.02%, and the pretax margin is 15.02%.
Conduent Inc (CNDT) Insider Updates
A key investor’s attitude towards the stock of the Information Technology Services industry is another important factor to consider. The insider ownership of Conduent Inc is 10.40%, while institutional ownership is 73.99%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 41.18% per share during the next fiscal year.
Conduent Inc (NASDAQ: CNDT) Trading Performance Indicators
Check out the current performance indicators for Conduent Inc (CNDT). In the past quarter, the stock posted a quick ratio of 1.68. 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 2.15, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach 0.07 in one year’s time.
Technical Analysis of Conduent Inc (CNDT)
The latest stats from [Conduent Inc, CNDT] show that its last 5-days average volume of 0.9 million was superior to 0.86 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 3.77%. Additionally, its Average True Range was 0.19.
During the past 100 days, Conduent Inc’s (CNDT) raw stochastic average was set at 1.27%, which indicates a significant decrease from 1.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.73% 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 $4.01, while its 200-day Moving Average is $3.79. Now, the first resistance to watch is $3.50. This is followed by the second major resistance level at $3.66. The third major resistance level sits at $3.74. If the price goes on to break the first support level at $3.26, it is likely to go to the next support level at $3.18. Assuming the price breaks the second support level, the third support level stands at $3.02.
Conduent Inc (NASDAQ: CNDT) Key Stats
There are currently 161,830K shares outstanding in the company with a market cap of 542.13 million. Presently, the company’s annual sales total 3,356 M according to its annual income of 426,000 K. Last quarter, the company’s sales amounted to 800,000 K and its income totaled -12,000 K.
