Conduent Inc (NASDAQ: CNDT) is -26.49% lower on its value in year-to-date trading and has touched a low of $2.94 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 $3.01 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $2.97, the stock is -9.88% and -20.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing -1.33% at the moment leaves the stock -20.93% off its SMA200. CNDT registered -8.90% loss for a year compared to 6-month gain of -22.66%. The firm has a 50-day simple moving average (SMA 50) of $3.7398 and a 200-day simple moving average (SMA200) of $3.7564.
The stock witnessed a -26.67% loss in the last 1 month and extending the period to 3 months gives it a -30.28%, and is -2.30% 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 3.60% over the week and 4.13% over the month.
Conduent Inc (CNDT) has around 56000 employees, a market worth around $480.64M and $3.36B in sales. Current P/E ratio is 1.38 and Fwd P/E is 39.60. Profit margin for the company is 12.40%. Distance from 52-week low is 1.02% and -39.39% from its 52-week high. The company has generated returns on investments over the last 12 months (23.99%).
with sales reaching $776M 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 -15.74% in year-over-year returns.
300.0 institutions hold shares in Conduent Inc (CNDT), with institutional investors hold 83.29% of the company’s shares. The shares outstanding are 161.83M, and float is at 145.19M with Short Float at 1.82%. Institutions hold 77.17% 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 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.
