Confluent Inc (NASDAQ:CFLT) shares, rose in value on Wednesday, March 26, with the stock price down by -3.46% to the previous day’s close as strong demand from buyers drove the stock to $25.96.
Actively observing the price movement in the last trading, the stock closed the session at $26.89, falling within a range of $25.87 and $26.98. The value of beta (5-year monthly) was 0.897. Referring to stock’s 52-week performance, its high was $37.90, and the low was $17.79. On the whole, CFLT has fluctuated by -14.72% over the past month.
With the market capitalization of Confluent Inc currently standing at about $8.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-10.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.16B, with a low estimate of 262M and a high estimate of 268.32M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 264.45M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CFLT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 25% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of CFLT currently trading nearly -6.07% and -11.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.51, while the 7-day volatility ratio is showing 3.60% which for the 30-day chart, stands at 5.96%. Furthermore, Confluent Inc (CFLT)’s beta value is 0.94, and its average true range (ATR) is 1.65.
A comparison of Confluent Inc (CFLT) with its peers suggests the former has fared considerably weaker in the market. CFLT showed an intraday change of -3.46% in last session, and over the past year, it shrunk by -16.15%%.
Data on historical trading for Confluent Inc (NASDAQ:CFLT) indicates that the trading volumes over the past 10 days have averaged 4.84 and over the past 3 months, they’ve averaged 5.63 million. According to company’s latest data on outstanding shares, there are 271.79 million shares outstanding.
Nearly 22.79% of Confluent Inc’s shares belong to company insiders and institutional investors own 69.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.52 million shares as on 2025-03-14, resulting in a short ratio of 2.25. According to the data, the short interest in Confluent Inc (CFLT) stood at 612.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 17.26 million. The stock has fallen by -7.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CFLT stock heading into the next quarter.
