Confluent Inc (NASDAQ: CFLT) is 36.58% higher on its value in year-to-date trading and has touched a low of $14.69 and a high of $41.22 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CFLT stock was last observed hovering at around $31.54 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $31.96, the stock is 6.96% and 7.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.71 million and changing 1.33% at the moment leaves the stock 14.30% off its SMA200. CFLT registered 12.26% gain for a year compared to 6-month gain of 64.91%.
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The stock witnessed a 12.02% loss in the last 1 month and extending the period to 3 months gives it a -5.56%, and is 0.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.82% over the week and 4.02% over the month.
Confluent Inc (CFLT) has around 2744 employees, a market worth around $10.16B and $819.89M in sales. Fwd P/E is 94.29. Profit margin for the company is -46.73%. Distance from 52-week low is 117.56% and -22.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.67%).
The EPS is expected to grow by 405.68% this year
The shares outstanding are 317.83M, and float is at 233.72M with Short Float at 7.86%.
Confluent Inc (CFLT) Insider Activity
The most recent transaction is an insider sale by Sivaram Rohan, the company’s CHIEF FINANCIAL OFFICER. SEC filings show that Sivaram Rohan sold 21,045 shares of the company’s common stock on May 20 ’24 at a price of $31.96 per share for a total of $0.67 million. Following the sale, the insider now owns 0.58 million shares.
Confluent Inc disclosed in a document filed with the SEC on May 20 ’24 that Verbowski Chad (CHIEF TECHNOLOGY OFFICER) sold a total of 13,413 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $31.96 per share for $0.43 million. Following the transaction, the insider now directly holds 0.52 million shares of the CFLT stock.
Still, SEC filings show that on May 20 ’24, Schultz Erica (PRESIDENT, FIELD OPERATIONS) disposed off 9,676 shares at an average price of $31.96 for $0.31 million. The insider now directly holds 697,039 shares of Confluent Inc (CFLT).
