Confluent Inc (CFLT) concluded trading on Wednesday at a closing price of $27.25, with 3.33 million shares of worth about $90.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.33% during that period and on Wednesday the price saw a gain of about 3.38%. Currently the company’s common shares owned by public are about 271.79M shares, out of which, 257.91M shares are available for trading.
Stock saw a price change of 4.29% in past 5 days and over the past one month there was a price change of -22.01%. Year-to-date (YTD), CFLT shares are showing a performance of -2.54% which decreased to -11.55% 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 5.67 million. The stock is currently trading -5.28% below its 20-day simple moving average (SMA20), while that difference is down -7.53% for SMA50 and it goes to 4.38% higher than SMA200.
Confluent Inc (NASDAQ: CFLT) currently have 271.79M outstanding shares and institutions hold larger chunk of about 69.42% of that.
The stock has a current market capitalization of $9.10B and its 3Y-monthly beta is at 0.97. It has posted earnings per share of -$1.07 in the same period. It has Quick Ratio of 3.91 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 4.54% while standing at 6.58% over the month.
Stock’s fiscal year EPS is expected to rise by 23.62% while it is estimated to increase by 39.33% in next year. EPS is likely to grow at an annualized rate of 36.56% 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 UBS on February 26, 2025 offering a Buy rating for the stock and assigned a target price range of between $34 and $38 to it. Coverage by Morgan Stanley stated Confluent Inc (CFLT) stock as an Equal-weight in their note to investors on January 16, 2025, suggesting a price target of $30 for the stock. On September 04, 2024, Robert W. Baird Initiated their recommendations, while on August 09, 2024, JP Morgan Upgrade their ratings for the stock with a price target of $25. Stock get an Outperform rating from Evercore ISI on June 11, 2024.
