Conduent Inc (NASDAQ: CNDT) is -0.27% lower on its value in year-to-date trading and has touched a low of $2.89 and a high of $4.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CNDT stock was last observed hovering at around $3.59 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $3.64, the stock is -5.12% and -6.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing 1.39% at the moment leaves the stock 1.81% off its SMA200. CNDT registered 22.97% gain for a year compared to 6-month gain of 4.00%. The firm has a 50-day simple moving average (SMA 50) of $3.8778 and a 200-day simple moving average (SMA200) of $3.5745.
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The stock witnessed a -1.09% loss in the last 1 month and extending the period to 3 months gives it a 0.00%, and is -10.12% down 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 5.73% over the week and 5.51% over the month.
Conduent Inc (CNDT) has around 59000 employees, a market worth around $581.99M and $3.51B in sales. Current P/E ratio is 1.61. Profit margin for the company is 12.37%. Distance from 52-week low is 25.95% and -16.89% from its 52-week high. The company has generated returns on investments over the last 12 months (23.11%).
The EPS is expected to shrink by -1100.00% this year
284.0 institutions hold shares in Conduent Inc (CNDT), with institutional investors hold 81.86% of the company’s shares. The shares outstanding are 211.51M, and float is at 143.06M with Short Float at 1.63%. Institutions hold 75.24% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 15.83 million shares valued at $51.59 million. The investor’s holdings represent 7.5661 of the CNDT Shares outstanding. As of 2024-06-30, the second largest holder is NEUBERGER BERMAN GROUP LLC with 14.26 million shares valued at $46.49 million to account for 6.8184 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 13.24 million shares representing 6.3283 and valued at over $43.15 million, while DIMENSIONAL FUND ADVISORS LP holds 4.2553 of the shares totaling 8.9 million with a market value of $29.02 million.
Conduent Inc (CNDT) Insider Activity
The most recent transaction is an insider sale by ICAHN CARL C, the company’s 10% Owner. SEC filings show that ICAHN CARL C sold 38,149,336 shares of the company’s common stock on Jun 08 ’24 at a price of $3.47 per share for a total of $132.38 million. Following the sale, the insider now owns 0.0 shares.
