Confluent Inc. (NASDAQ:CFLT) went up by 2.96% from its latest closing price compared to the recent 1-year high of $94.97. The company’s stock price has collected 10.77% of gains in the last five trading sessions. Press Release reported on 01/06/22 that Confluent to Announce Fourth Quarter and Fiscal Year 2021 Financial Results on February 10, 2022
Is It Worth Investing in Confluent Inc. (NASDAQ :CFLT) Right Now?
Opinions of the stock are interesting as 8 analysts out of 17 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 $89.13, which is $19.24 above the current price. CFLT currently public float of 69.54M and currently shorts hold a 10.98% ratio of that float. Today, the average trading volume of CFLT was 2.48M shares.
CFLT’s Market Performance
CFLT stocks went up by 10.77% for the week, with a monthly jump of 11.69% and a quarterly performance of 12.95%. The volatility ratio for the week stands at 10.44% while the volatility levels for the past 30 days are set at 8.47% for Confluent Inc.. The simple moving average for the period of the last 20 days is 5.30% for CFLT stocks with a simple moving average of 16.58% for the last 200 days.
Analysts’ Opinion of CFLT
Many brokerage firms have already submitted their reports for CFLT stocks, with Citigroup repeating the rating for CFLT by listing it as a “Neutral.” The predicted price for CFLT in the upcoming period, according to Citigroup is $80 based on the research report published on January 11th of the current year 2022.
Credit Suisse gave a rating of “Outperform” to CFLT, setting the target price at $115 in the report published on November 16th of the previous year.
CFLT Trading at -3.04% 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 -24.22% of loss for the given period.
Volatility was left at 8.47%, however, over the last 30 days, the volatility rate increased by 10.44%, as shares surge +12.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.92% upper at present.
During the last 5 trading sessions, CFLT rose by +10.77%, in comparison to the 20-day moving average, which settled at $68.76. In addition, Confluent Inc. saw -5.60% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at CFLT starting from Narkhede Neha, who sale 166,667 shares at the price of $62.22 back on Dec 15. After this action, Narkhede Neha now owns 0 shares of Confluent Inc., valued at $10,370,163 using the latest closing price.
Schultz Erica, the President, Field Operations of Confluent Inc., sale 50,000 shares at $64.87 during a trade that took place back on Dec 10, which means that Schultz Erica is holding 0 shares at $3,243,583 based on the most recent closing price.
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.