Confluent Inc (CFLT) concluded trading on Wednesday at a closing price of $22.15, with 3.48 million shares of worth about $77.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.92% during that period and on October 16, 2024 the price saw a loss of about -0.58%. Currently the company’s common shares owned by public are about 322.72M shares, out of which, 238.88M shares are available for trading.
Stock saw a price change of 6.24% in past 5 days and over the past one month there was a price change of 6.49%. Year-to-date (YTD), CFLT shares are showing a performance of -5.34% which decreased to -27.04% 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 $35.07 during that period. The average intraday trading volume for Confluent Inc shares is 4.23 million. The stock is currently trading 8.14% above its 20-day simple moving average (SMA20), while that difference is up 7.60% for SMA50 and it goes to -15.05% lower than SMA200.
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Confluent Inc (NASDAQ: CFLT) currently have 322.72M outstanding shares and institutions hold larger chunk of about 71.93% of that.
The stock has a current market capitalization of $7.15B and its 3Y-monthly beta is at 0.88. It has posted earnings per share of -$1.19 in the same period. It has Quick Ratio of 4.35 while making debt-to-equity ratio of 1.27. 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 4.19% while standing at 4.26% over the month.
Stock’s fiscal year EPS is expected to rise by 421.27% while it is estimated to increase by 50.59% in next year. EPS is likely to grow at an annualized rate of 76.50% for next 5-years, compared to annual growth of -40.61% made by the stock over the past 5-years.
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 Robert W. Baird on September 04, 2024 offering a Neutral rating for the stock and assigned a target price of $23 to it. Coverage by JP Morgan stated Confluent Inc (CFLT) stock as an Overweight in their note to investors on August 09, 2024, suggesting a price target of $25 for the stock. On June 11, 2024, Evercore ISI Initiated their recommendations, while on May 17, 2024, Oppenheimer Initiated their ratings for the stock with a price target of $37. Stock get a Buy rating from Canaccord Genuity on May 08, 2024.
