Confluent Inc (CFLT) concluded trading on Thursday at a closing price of $26.74, with 7.36 million shares of worth about $196.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.61% during that period and on January 16, 2025 the price saw a loss of about -3.85%. Currently the company’s common shares owned by public are about 257.42M shares, out of which, 247.28M shares are available for trading.
Stock saw a price change of -6.70% in past 5 days and over the past one month there was a price change of -12.30%. Year-to-date (YTD), CFLT shares are showing a performance of -4.36% which increased to 18.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.79 but also hit the highest price of $35.07 during that period. The average intraday trading volume for Confluent Inc shares is 3.81 million. The stock is currently trading -7.07% below its 20-day simple moving average (SMA20), while that difference is down -9.15% for SMA50 and it goes to 2.64% higher than SMA200.
Confluent Inc (NASDAQ: CFLT) currently have 257.42M outstanding shares and institutions hold larger chunk of about 68.84% of that.
The stock has a current market capitalization of $8.77B and its 3Y-monthly beta is at 0.91. 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 3.51% while standing at 3.83% over the month.
Analysts are in expectations that Confluent Inc (CFLT) stock would likely to be making an EPS of 0.06 in the current quarter, while forecast for next quarter EPS is 0.06 and it is 0.35 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.05 which is 0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 546.90% while it is estimated to increase by 33.47% 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 Morgan Stanley on Jan-17-25 offering an Equal-weight rating for the stock and assigned a target price range of between $33 and $30 to it. Coverage by Robert W. Baird stated Confluent Inc (CFLT) stock as a Neutral in their note to investors on September 04, 2024, suggesting a price target of $23 for the stock. On August 09, 2024, JP Morgan Upgrade their recommendations, while on June 11, 2024, Evercore ISI Initiated their ratings for the stock with a price target of $35. Stock get an Outperform rating from Oppenheimer on May 17, 2024.
