Conduent Inc (NASDAQ: CNDT) is -3.47% lower 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 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 $3.92 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $3.90, the stock is -1.78% and -3.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing -0.51% at the moment leaves the stock 4.03% off its SMA200. CNDT registered 8.33% gain for a year compared to 6-month gain of 10.80%. The firm has a 50-day simple moving average (SMA 50) of $4.036 and a 200-day simple moving average (SMA200) of $3.7445.
The stock witnessed a -5.11% loss in the last 1 month and extending the period to 3 months gives it a 8.94%, and is -4.18% 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 3.40% over the week and 3.50% over the month.
Conduent Inc (CNDT) has around 59000 employees, a market worth around $623.57M and $3.51B in sales. Current P/E ratio is 1.73. Profit margin for the company is 12.37%. Distance from 52-week low is 31.76% and -15.03% from its 52-week high. The company has generated returns on investments over the last 12 months (23.11%).
with sales reaching $809.5M over the same period.The EPS is expected to shrink by -1037.50% this year, but quarterly earnings will post -9.58% year-over-year.
284.0 institutions hold shares in Conduent Inc (CNDT), with institutional investors hold 81.61% of the company’s shares. The shares outstanding are 159.89M, and float is at 143.18M with Short Float at 1.48%. Institutions hold 75.54% 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.
