On Tuesday, Conduent Inc (NASDAQ: CNDT) opened lower -1.91% from the last session, before settling in for the closing price of $2.09. Price fluctuations for CNDT have ranged from $1.93 to $4.90 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -5.51%. Company’s average yearly earnings per share was noted 41.18% at the time writing. With a float of $144.22 million, this company’s outstanding shares have now reached $161.83 million.
Considering the fact that the conglomerate employs 56000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 12.57%, operating margin of -1.22%, and the pretax margin is 15.02%.
Conduent Inc (CNDT) Insider Activity
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 10.88%, while institutional ownership is 73.87%. 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) Earnings and Forecasts
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 0.10.
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)
Compared to the last year’s volume of 1.06 million, its volume of 1.04 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 45.43%. Additionally, its Average True Range was 0.11.
During the past 100 days, Conduent Inc’s (CNDT) raw stochastic average was set at 4.04%, which indicates a significant decrease from 46.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.14% in the past 14 days, which was lower than the 44.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.67, while its 200-day Moving Average is $3.59. Nevertheless, the first resistance level for the watch stands at $2.08 in the near term. At $2.12, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.14. If the price goes on to break the first support level at $2.03, it is likely to go to the next support level at $2.01. Should the price break the second support level, the third support level stands at $1.97.
Conduent Inc (NASDAQ: CNDT) Key Stats
There are currently 161,830K shares outstanding in the company with a market cap of 331.75 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.
