Conduent Inc (NASDAQ:CNDT) traded at $4.36 at last check on current trade day and made an upward move of 0.81% on its previous day’s price.
Looking at the stock we see that its previous close was $4.32 and the beta (5Y monthly) reads 1.486 with the day’s price range being $4.29 – $4.4299. The company has a trailing 12-month PE ratio of 1.93. In terms of its 52-week price range, CNDT has a high of $4.44 and a low of $2.96. The company’s stock has gained about 18.02% over that past 30 days.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Conduent Inc has a market cap of $696.32 million and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 809.5M, with a low of 808M and a high of 811M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 3.37B, or -9.58% down from figures reported last year.
On the other hand, looking at the outlook for the CNDT stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Conduent Inc (CNDT) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 7.66% off its SMA20 and 10.40% from its 50-day simple moving average. The RSI (14) is pointing at 61.95 while the volatility over the past week is 3.50% and jumps to 4.46% over the past one month. The beta value is 1.47, while the average true range (ATR) is currently pointing at 0.18.
Coming back to Conduent Inc (NASDAQ:CNDT), we note that the average 3-month trading volume was 1.12 million, while that of the preceding 10-day period stands at 1.16 million. Current shares outstanding are 159.89 million.
The insiders hold 10.69% of the company’s shares while institutions hold 72.09%. The data shows that short shares as of 2024-11-29, stood at 2.96 million at a short ratio of 2.53. This represents a 251.00 short interest in shares outstanding on 2024-11-29. Shares short rose in November from the previous month at 2.33 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 19.32% up in year-to-date price movement.
