Cognizant Technology Solutions Corp. (CTSH) concluded trading on Thursday at a closing price of $74.86, with 6.09 million shares of worth about $456.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.13% during that period and on October 24, 2024 the price saw a loss of about -1.59%. Currently the company’s common shares owned by public are about 498.00M shares, out of which, 494.63M shares are available for trading.
Stock saw a price change of -3.70% in past 5 days and over the past one month there was a price change of -0.89%. Year-to-date (YTD), CTSH shares are showing a performance of -0.89% which increased to 14.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $62.14 but also hit the highest price of $80.27 during that period. The average intraday trading volume for Cognizant Technology Solutions Corp. shares is 3.17 million. The stock is currently trading -2.21% below its 20-day simple moving average (SMA20), while that difference is down -2.11% for SMA50 and it goes to 2.30% higher than SMA200.
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Cognizant Technology Solutions Corp. (NASDAQ: CTSH) currently have 498.00M outstanding shares and institutions hold larger chunk of about 99.09% of that.
The stock has a current market capitalization of $37.11B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 17.07, while it has posted earnings per share of $4.39 in the same period. Its PEG reads 2.60 and has Quick Ratio of 2.46 while making debt-to-equity ratio of 0.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CTSH, volatility over the week remained 1.48% while standing at 1.47% over the month.
Stock’s fiscal year EPS is expected to rise by 1.57% while it is estimated to increase by 7.32% in next year. EPS is likely to grow at an annualized rate of 6.57% for next 5-years, compared to annual growth of 3.19% 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 Jefferies on August 28, 2024 offering a Buy rating for the stock and assigned a target price of $90 to it. Coverage by BofA Securities stated Cognizant Technology Solutions Corp. (CTSH) stock as a Neutral in their note to investors on August 07, 2024, suggesting a price target of $75 for the stock. On June 24, 2024, Goldman Initiated their recommendations, while on April 01, 2024, Susquehanna Downgrade their ratings for the stock with a price target of $80. Stock get a Neutral rating from Guggenheim on March 19, 2024.
