Conduent Inc (NASDAQ:CNDT) traded at $4.12 at close of the session on Tuesday, February 18 and made a downward move of -1.90% on its previous day’s price.
Conduent Inc has a market cap of $666.74 million and is expected to release its quarterly earnings report in March.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 785M, with a low of 785M and a high of 785M. The median projection represents growth adding up to -14.77% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 3.19B, or -4.95% 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 50% 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 1.09% off its SMA20 and 0.42% from its 50-day simple moving average. The RSI (14) is pointing at 51.02 while the volatility over the past week is 6.12% and jumps to 5.18% over the past one month. The beta value is 1.35, while the average true range (ATR) is currently pointing at 0.23.
