Conduent Inc (NASDAQ: CNDT) kicked off on Friday, down -4.23% from the previous trading day, before settling in for the closing price of $2.13. Over the past 52 weeks, CNDT has traded in a range of $2.08-$4.90.
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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%. While this was happening, its average annual earnings per share was recorded 41.18%. With a float of $144.22 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 -1.22%, and the pretax margin is 15.02%.
Conduent Inc (CNDT) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Information Technology Services Industry. The insider ownership of Conduent Inc is 10.88%, while institutional ownership is 73.83%. 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 41.18% per share during the next fiscal year.
Conduent Inc (NASDAQ: CNDT) Trading Performance Indicators
Take a look at Conduent Inc’s (CNDT) current performance indicators. Last quarter, stock had a quick ratio of 1.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.10.
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 2.2 million was superior to 1.05 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 9.64%. Additionally, its Average True Range was 0.17.
During the past 100 days, Conduent Inc’s (CNDT) raw stochastic average was set at 2.05%, which indicates a significant decrease from 6.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.58% in the past 14 days, which was lower than the 48.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.30, while its 200-day Moving Average is $3.70. Now, the first resistance to watch is $2.14. This is followed by the second major resistance level at $2.24. The third major resistance level sits at $2.32. If the price goes on to break the first support level at $1.96, it is likely to go to the next support level at $1.88. The third support level lies at $1.78 if the price breaches the second support level.
Conduent Inc (NASDAQ: CNDT) Key Stats
The company with the Market Capitalisation of 330.13 million has total of 161,830K Shares Outstanding. Its annual sales at the moment are 3,356 M in contrast with the sum of 426,000 K annual income. Company’s last quarter sales were recorded 800,000 K and last quarter income was -12,000 K.
