Conduent Inc (NASDAQ:CNDT) price on Friday, February 28, fall -0.84% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.54.
A look at the stock’s price movement, the close in the last trading session was $3.57. The PE ratio in trailing twelve months stood at 1.64. Turning to its 52-week performance, $4.90 and $2.96 were the 52-week high and 52-week low respectively. Overall, CNDT moved -13.02% over the past month.
Conduent Inc’s market cap currently stands at around $572.88 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 785M for the company’s revenue for the quarter, with a low and high estimate of 785M and 785M respectively. The average forecast suggests down to a -14.77% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.19B, representing a -4.91% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CNDT is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend CNDT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CNDT’s current price about -10.55% and -12.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.91, while 7-day volatility ratio is 3.15% and 5.38% in the 30-day chart. Further, Conduent Inc (CNDT) has a beta value of 1.36, and an average true range (ATR) of 0.19.
If we refocus on Conduent Inc (NASDAQ:CNDT), historical trading data shows that trading volumes averaged 1.02 million over the past 3 months. The company’s latest data on shares outstanding shows there are 161.83 million shares.
The 10.40% of Conduent Inc’s shares are in the hands of company insiders while institutional holders own 73.98% of the company’s shares. Current price change has pushed the stock -12.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CNDT stock continues to rise going into the next quarter.
