Cognizant Technology Solutions Corp (CTSH) concluded trading on Thursday at a closing price of $79.49, with 3.39 million shares of worth about $269.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.32% during that period and on December 19, 2024 the price saw a gain of about 1.57%. Currently the company’s common shares owned by public are about 496.00M shares, out of which, 494.79M shares are available for trading.
Stock saw a price change of -1.09% in past 5 days and over the past one month there was a price change of 4.15%. Year-to-date (YTD), CTSH shares are showing a performance of 5.24% which increased to 5.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $63.79 but also hit the highest price of $82.46 during that period. The average intraday trading volume for Cognizant Technology Solutions Corp shares is 3.21 million. The stock is currently trading -1.04% below its 20-day simple moving average (SMA20), while that difference is up 1.33% for SMA50 and it goes to 8.19% higher than SMA200.
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Cognizant Technology Solutions Corp (NASDAQ: CTSH) currently have 496.00M outstanding shares and institutions hold larger chunk of about 96.70% of that.
The stock has a current market capitalization of $39.41B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 17.59, while it has posted earnings per share of $4.52 in the same period. Its PEG reads 2.63 and has Quick Ratio of 2.23 while making debt-to-equity ratio of 0.13. 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 2.22% while standing at 1.58% over the month.
Stock’s fiscal year EPS is expected to rise by 2.31% while it is estimated to increase by 7.00% in next year. EPS is likely to grow at an annualized rate of 6.68% 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 Barclays on December 17, 2024 offering an Overweight rating for the stock and assigned a target price range of between $80 and $95 to it. Coverage by Jefferies stated Cognizant Technology Solutions Corp (CTSH) stock as a Buy in their note to investors on August 28, 2024, suggesting a price target of $90 for the stock. On August 07, 2024, BofA Securities Upgrade their recommendations, while on June 24, 2024, Goldman Initiated their ratings for the stock with a price target of $72. Stock get a Neutral rating from Susquehanna on April 01, 2024.
