Confluent Inc (CFLT) concluded trading on Wednesday at a closing price of $27.55, with 2.9 million shares of worth about $79.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.51% during that period and on June 26, 2024 the price saw a gain of about 1.59%. Currently the company’s common shares owned by public are about 317.83M shares, out of which, 233.31M shares are available for trading.
Stock saw a price change of -1.08% in past 5 days and over the past one month there was a price change of -8.62%. Year-to-date (YTD), CFLT shares are showing a performance of 17.74% which decreased to -15.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.69 but also hit the highest price of $41.22 during that period. The average intraday trading volume for Confluent Inc shares is 3.55 million. The stock is currently trading 1.51% above its 20-day simple moving average (SMA20), while that difference is down -3.56% for SMA50 and it goes to 0.78% higher than SMA200.
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Confluent Inc (NASDAQ: CFLT) currently have 317.83M outstanding shares and institutions hold larger chunk of about 66.44% of that.
The stock has a current market capitalization of $8.76B and its 3Y-monthly beta is at 0.89. It has posted earnings per share of -$1.25 in the same period. It has Quick Ratio of 4.97 while making debt-to-equity ratio of 1.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CFLT, volatility over the week remained 3.43% while standing at 3.87% over the month.
Stock’s fiscal year EPS is expected to rise by 404.49% while it is estimated to increase by 68.68% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Evercore ISI on June 11, 2024 offering an Outperform rating for the stock and assigned a target price of $35 to it. Coverage by Oppenheimer stated Confluent Inc (CFLT) stock as an Outperform in their note to investors on May 17, 2024, suggesting a price target of $37 for the stock. On May 08, 2024, Canaccord Genuity Upgrade their recommendations, while on February 21, 2024, Stifel Initiated their ratings for the stock with a price target of $40. Stock get a Hold rating from Loop Capital on January 30, 2024.
