Confluent Inc (CFLT) concluded trading on Wednesday at a closing price of $33.23, with 6.42 million shares of worth about $213.17 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 51.11% during that period and on February 19, 2025 the price saw a loss of about -4.89%. Currently the company’s common shares owned by public are about 328.00M shares, out of which, 247.29M shares are available for trading.
Stock saw a price change of 10.40% in past 5 days and over the past one month there was a price change of 24.46%. Year-to-date (YTD), CFLT shares are showing a performance of 18.85% which decreased to -1.39% 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 $37.90 during that period. The average intraday trading volume for Confluent Inc shares is 4.65 million. The stock is currently trading 7.15% above its 20-day simple moving average (SMA20), while that difference is up 10.39% for SMA50 and it goes to 26.55% higher than SMA200.
Confluent Inc (NASDAQ: CFLT) currently have 328.00M outstanding shares and institutions hold larger chunk of about 70.92% of that.
The stock has a current market capitalization of $10.90B and its 3Y-monthly beta is at 0.93. It has posted earnings per share of -$1.07 in the same period. It has Quick Ratio of 4.15 while making debt-to-equity ratio of 1.15. 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 7.15% while standing at 5.47% over the month.
Stock’s fiscal year EPS is expected to rise by 23.04% while it is estimated to increase by 38.16% in next year. EPS is likely to grow at an annualized rate of 33.32% for next 5-years, compared to annual growth of -23.27% 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 January 16, 2025 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.
