Conduent Inc (NASDAQ: CNDT) is -49.26% lower on its value in year-to-date trading and has touched a low of $1.98 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 $2.07 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $2.05, the stock is -18.11% and -34.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -0.97% at the moment leaves the stock -44.23% off its SMA200. CNDT registered -33.66% loss for a year compared to 6-month loss of -47.70%. The firm has a 50-day simple moving average (SMA 50) of $3.153 and a 200-day simple moving average (SMA200) of $3.67585.
The stock witnessed a -31.89% gain in the last 1 month and extending the period to 3 months gives it a -49.38%, and is -3.76% 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 5.98% over the week and 6.04% over the month.
Conduent Inc (CNDT) has around 56000 employees, a market worth around $331.75M and $3.36B in sales. Current P/E ratio is 0.95 and Fwd P/E is 27.33. Profit margin for the company is 12.40%. Distance from 52-week low is 3.54% and -58.16% 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.
Conduent Inc (CNDT) Top Institutional Holders
299.0 institutions hold shares in Conduent Inc (CNDT), with institutional investors hold 84.49% of the company’s shares. The shares outstanding are 161.83M, and float is at 144.22M with Short Float at 1.87%. Institutions hold 77.12% 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 6.8039% 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.
