Conduent Inc (NASDAQ: CNDT) is -50.99% lower on its value in year-to-date trading and has touched a low of $1.93 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 $2.05 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $1.98, the stock is -5.40% and -24.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.74 million and changing -3.41% at the moment leaves the stock -44.68% off its SMA200. CNDT registered -48.84% loss for a year compared to 6-month loss of -44.69%.
The stock witnessed a -18.18% gain in the last 1 month and extending the period to 3 months gives it a -49.23%, and is -6.16% 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 5.36% over the week and 6.12% over the month.
Conduent Inc (CNDT) has around 56000 employees, a market worth around $320.42M and $3.36B in sales. Current P/E ratio is 0.92 and Fwd P/E is 26.40. Profit margin for the company is 12.40%. Distance from 52-week low is 2.59% and -59.59% from its 52-week high. The company has generated returns on investments over the last 12 months (23.99%).
The EPS is expected to grow by 41.18% this year
The shares outstanding are 161.83M, and float is at 144.22M with Short Float at 1.85%.
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 8.1348 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.
