Currently, there are 317.34M common shares owned by the public and among those 233.32M shares have been available to trade.
The company’s stock has a 5-day price change of -22.81% and -34.51% over the past three months. CFLT shares are trading -19.87% year to date (YTD), with the 12-month market performance down to -46.26% lower. It has a 12-month low price of $14.69 and touched a high of $35.47 over the same period. CFLT has an average intraday trading volume of 4.33 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -23.44%, -29.25%, and -29.64% respectively.
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Institutional ownership of Confluent Inc (NASDAQ: CFLT) shares accounts for 67.23% of the company’s 317.34M shares outstanding.
It has a market capitalization of $5.95B and a beta (3y monthly) value of 1.04. The earnings-per-share (ttm) stands at -$1.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.34% over the week and 5.61% over the month.
Analysts forecast that Confluent Inc (CFLT) will achieve an EPS of 0.05 for the current quarter, 0.05 for the next quarter and 0.32 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.04 while analysts give the company a high EPS estimate of 0.04. Comparatively, EPS for the current quarter was 0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 421.54%, and 51.24% over the next financial year.
Looking at the support for the CFLT, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on June 11, 2024, with the firm’s price target at $35. Oppenheimer coverage for the Confluent Inc (CFLT) stock in a research note released on May 17, 2024 offered a Outperform rating with a price target of $37. Canaccord Genuity was of a view on May 08, 2024 that the stock is Buy, while Stifel gave the stock Buy rating on February 21, 2024, issuing a price target of $40. Loop Capital on their part issued Hold rating on January 30, 2024.
