Conduent Inc (NASDAQ: CNDT) is -18.56% lower on its value in year-to-date trading and has touched a low of $2.96 and a high of $4.90 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 $3.29 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $3.29, the stock is -13.59% and -16.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing 0.00% at the moment leaves the stock -12.92% off its SMA200. CNDT registered -0.60% loss for a year compared to 6-month gain of -13.42%.
The stock witnessed a -15.64% loss in the last 1 month and extending the period to 3 months gives it a -19.36%, and is -7.06% 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 4.26% over the week and 5.58% over the month.
Conduent Inc (CNDT) has around 56000 employees, a market worth around $532.42M and $3.36B in sales. Current P/E ratio is 1.53 and Fwd P/E is 43.87. Profit margin for the company is 12.40%. Distance from 52-week low is 11.15% and -32.86% from its 52-week high. The company has generated returns on investments over the last 12 months (23.99%).
with sales reaching $785M over the same period.The EPS is expected to grow by 41.18% this year, but quarterly earnings will post -4.91% year-over-year. Quarterly sales are estimated to shrink -14.77% in year-over-year returns.
Conduent Inc (CNDT) Top Institutional Holders
The shares outstanding are 161.83M, and float is at 144.99M with Short Float at 2.06%.
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 7.3309 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 4.5752 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.
