Cognizant Technology Solutions Corp (CTSH) concluded trading on Thursday at a closing price of $77.43, with 3.0 million shares of worth about $231.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.65% during that period and on January 16, 2025 the price saw a loss of about -0.45%. Currently the company’s common shares owned by public are about 496.00M shares, out of which, 494.80M shares are available for trading.
Stock saw a price change of 1.85% in past 5 days and over the past one month there was a price change of -3.29%. Year-to-date (YTD), CTSH shares are showing a performance of 0.69% which increased to 1.61% 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 3.10 million. The stock is currently trading -0.34% below its 20-day simple moving average (SMA20), while that difference is down -1.92% for SMA50 and it goes to 5.06% higher than SMA200.
Cognizant Technology Solutions Corp (NASDAQ: CTSH) currently have 496.00M outstanding shares and institutions hold larger chunk of about 96.58% of that.
The stock has a current market capitalization of $38.39B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 17.13, while it has posted earnings per share of $4.52 in the same period. Its PEG reads 2.60 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 1.97% while standing at 2.03% over the month.
Stock’s fiscal year EPS is expected to rise by 2.30% while it is estimated to increase by 7.00% in next year. EPS is likely to grow at an annualized rate of 6.58% 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.
