Confluent Inc (CFLT) concluded trading on Thursday at a closing price of $24.97, with 4.26 million shares of worth about $106.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.12% during that period and on July 25, 2024 the price saw a gain of about 2.46%. Currently the company’s common shares owned by public are about 317.83M shares, out of which, 233.32M shares are available for trading.
Stock saw a price change of 1.88% in past 5 days and over the past one month there was a price change of -7.93%. Year-to-date (YTD), CFLT shares are showing a performance of 6.71% which decreased to -32.18% 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 $38.19 during that period. The average intraday trading volume for Confluent Inc shares is 3.78 million. The stock is currently trading -7.30% below its 20-day simple moving average (SMA20), while that difference is down -10.46% for SMA50 and it goes to -7.37% lower than SMA200.
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Confluent Inc (NASDAQ: CFLT) currently have 317.83M outstanding shares and institutions hold larger chunk of about 66.40% of that.
The stock has a current market capitalization of $7.94B and its 3Y-monthly beta is at 0.94. 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 4.56% while standing at 5.07% over the month.
Stock’s fiscal year EPS is expected to rise by 407.10% while it is estimated to increase by 65.15% 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.