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Is There a Dimmer Outlook Ahead for Conduent Incorporated (CNDT)?

Conduent Incorporated (NASDAQ:CNDT) went down by -16.41% from its latest closing price compared to the recent 1-year high of $7.50. The company’s stock price has collected 2.68% of gains in the last five trading sessions.

Is It Worth Investing in Conduent Incorporated (NASDAQ :CNDT) Right Now?

Conduent Incorporated (NASDAQ:CNDT) scored a price-to-earnings ratio above its average ratio, recording 9.43 x from its present earnings ratio. Plus, the 36-month beta value for CNDT is at 1.68. Opinions of the stock are interesting as 0 analysts out of 5 who provided ratings for Conduent Incorporated declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $5.25, which is $0.65 above the current price. CNDT currently public float of 204.77M and currently shorts hold a 1.85% ratio of that float. Today, the average trading volume of CNDT was 1.21M shares.

CNDT’s Market Performance

CNDT stocks went up by 2.68% for the week, with a monthly jump of 7.23% and a quarterly performance of -16.36%, while its annual performance rate touched -31.03%. The volatility ratio for the week stands at 3.01% while the volatility levels for the past 30 days are set at 3.75% for Conduent Incorporated. The simple moving average for the period of the last 20 days is -12.07% for CNDT stocks with a simple moving average of -25.09% for the last 200 days.

Analysts’ Opinion of CNDT

Needham gave a rating of “Buy” to CNDT, setting the target price at $5.50 in the report published on February 21st of the previous year.

CNDT Trading at -16.50% from the 50-Day Moving Average

After a stumble in the market that brought CNDT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.73% of loss for the given period.

Volatility was left at 3.75%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares sank -7.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.81% lower at present.

During the last 5 trading sessions, CNDT fell by -16.48%, which changed the moving average for the period of 200-days by -43.25% in comparison to the 20-day moving average, which settled at $4.36. In addition, Conduent Incorporated saw -13.86% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CNDT starting from Keyes Louis Edward, who purchase 15,000 shares at the price of $4.65 back on May 09. After this action, Keyes Louis Edward now owns 434,182 shares of Conduent Incorporated, valued at $69,750 using the latest closing price.

KRAWITZ MICHAEL E, the EVP, GC & Secretary of Conduent Incorporated, purchase 20,000 shares at $4.46 during a trade that took place back on May 05, which means that KRAWITZ MICHAEL E is holding 755,698 shares at $89,200 based on the most recent closing price.

Stock Fundamentals for CNDT

Current profitability levels for the company are sitting at:

  • +3.24 for the present operating margin
  • +15.70 for the gross margin

The net margin for Conduent Incorporated stands at -0.68. Equity return is now at value 9.20, with 2.70 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.