Confluent Inc (CFLT) concluded trading on Wednesday at a closing price of $29.00, with 10.02 million shares of worth about $290.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.01% during that period and on November 13, 2024 the price saw a gain of about 4.69%. Currently the company’s common shares owned by public are about 328.00M shares, out of which, 246.75M shares are available for trading.
Stock saw a price change of 6.89% in past 5 days and over the past one month there was a price change of 30.16%. Year-to-date (YTD), CFLT shares are showing a performance of 23.93% which increased to 61.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.26 but also hit the highest price of $35.07 during that period. The average intraday trading volume for Confluent Inc shares is 3.80 million. The stock is currently trading 17.42% above its 20-day simple moving average (SMA20), while that difference is up 31.38% for SMA50 and it goes to 10.25% higher than SMA200.
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Confluent Inc (NASDAQ: CFLT) currently have 328.00M outstanding shares and institutions hold larger chunk of about 71.53% of that.
The stock has a current market capitalization of $9.51B and its 3Y-monthly beta is at 0.83. It has posted earnings per share of -$1.11 in the same period. It has Quick Ratio of 4.15 while making debt-to-equity ratio of 1.19. 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 4.67% while standing at 4.22% over the month.
Stock’s fiscal year EPS is expected to rise by 546.85% while it is estimated to increase by 33.85% in next year. EPS is likely to grow at an annualized rate of 75.00% 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.
