Confluent Inc. (NASDAQ:CFLT) went up by 4.36% from its latest closing price compared to the recent 1-year high of $74.25. The company’s stock price has collected 5.72% of gains in the last five trading sessions. Press Release reported on 10/06/21 that Confluent to Announce Third Quarter 2021 Financial Results on November 04, 2021
Is It Worth Investing in Confluent Inc. (NASDAQ :CFLT) Right Now?
Opinions of the stock are interesting as 6 analysts out of 15 who provided ratings for Confluent Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $57.21, which is -$17.92 below the current price. CFLT currently public float of 27.58M and currently shorts hold a 14.65% ratio of that float. Today, the average trading volume of CFLT was 1.11M shares.
CFLT’s Market Performance
CFLT stocks went up by 5.72% for the week, with a monthly jump of 4.12% and a quarterly performance of 64.28%. The volatility ratio for the week stands at 6.96% while the volatility levels for the past 30 days are set at 7.55% for Confluent Inc.. The simple moving average for the period of the last 20 days is 2.41% for CFLT stocks with a simple moving average of 25.86% for the last 200 days.
Analysts’ Opinion of CFLT
Many brokerage firms have already submitted their reports for CFLT stocks, with DA Davidson repeating the rating for CFLT by listing it as a “Neutral.” The predicted price for CFLT in the upcoming period, according to DA Davidson is $61 based on the research report published on September 15th of the current year 2021.
Citigroup, on the other hand, stated in their research note that they expect to see CFLT reach a price target of $45. The rating they have provided for CFLT stocks is “Neutral” according to the report published on July 20th, 2021.
Wells Fargo gave a rating of “Overweight” to CFLT, setting the target price at $50 in the report published on July 19th of the current year.
CFLT Trading at 13.99% from the 50-Day Moving Average
After a stumble in the market that brought CFLT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.44% of loss for the given period.
Volatility was left at 7.55%, however, over the last 30 days, the volatility rate increased by 6.96%, as shares sank -1.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +60.59% upper at present.
During the last 5 trading sessions, CFLT rose by +5.72%, in comparison to the 20-day moving average, which settled at $64.89. In addition, Confluent Inc. saw 47.71% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CFLT
Current profitability levels for the company are sitting at:
- -98.56 for the present operating margin
- +68.10 for the gross margin
The net margin for Confluent Inc. stands at -97.15. The total capital return value is set at -118.26, while invested capital returns managed to touch -119.75.
Based on Confluent Inc. (CFLT), the company’s capital structure generated 18.98 points at debt to equity in total, while total debt to capital is 15.95.
The receivables turnover for the company is 2.65 and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.13.