Conduent Inc (NASDAQ: CNDT) is 16.71% higher on its value in year-to-date trading and has touched a low of $2.96 and a high of $4.59 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 CNDT stock was last observed hovering at around $4.15 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $4.26, the stock is 2.16% and 7.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing 2.65% at the moment leaves the stock 16.61% off its SMA200. CNDT registered 15.76% gain for a year compared to 6-month gain of 26.79%. The firm has a 50-day simple moving average (SMA 50) of $3.9594 and a 200-day simple moving average (SMA200) of $3.64815.
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The stock witnessed a 10.65% loss in the last 1 month and extending the period to 3 months gives it a 12.11%, and is 0.95% 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 5.54% over the week and 4.84% over the month.
Conduent Inc (CNDT) has around 59000 employees, a market worth around $681.13M and $3.51B in sales. Current P/E ratio is 1.88. Profit margin for the company is 12.37%. Distance from 52-week low is 43.92% and -7.19% 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 -1037.50% this year
290.0 institutions hold shares in Conduent Inc (CNDT), with institutional investors hold 81.98% of the company’s shares. The shares outstanding are 159.89M, and float is at 142.80M with Short Float at 2.61%. Institutions hold 75.36% 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.
