Confluent Inc. (NASDAQ:CFLT) went up by 9.00% from its latest closing price compared to the recent 1-year high of $81.11. The company’s stock price has collected 14.55% of gains in the last five trading sessions.
Is It Worth Investing in Confluent Inc. (NASDAQ :CFLT) Right Now?
Opinions of the stock are interesting as 11 analysts out of 19 who provided ratings for Confluent Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $31.53, which is $9.18 above the current price. CFLT currently public float of 151.39M and currently shorts hold a 8.69% ratio of that float. Today, the average trading volume of CFLT was 2.85M shares.
CFLT’s Market Performance
CFLT stocks went up by 14.55% for the week, with a monthly jump of 3.18% and a quarterly performance of -3.75%, while its annual performance rate touched -62.29%. The volatility ratio for the week stands at 6.68% while the volatility levels for the past 30 days are set at 6.82% for Confluent Inc. The simple moving average for the period of the last 20 days is 12.11% for CFLT stocks with a simple moving average of -7.06% for the last 200 days.
Analysts’ Opinion of CFLT
Many brokerage firms have already submitted their reports for CFLT stocks, with Deutsche Bank repeating the rating for CFLT by listing it as a “Buy.” The predicted price for CFLT in the upcoming period, according to Deutsche Bank is $28 based on the research report published on January 23rd of the current year 2023.
FBN Securities, on the other hand, stated in their research note that they expect to see CFLT reach a price target of $30. The rating they have provided for CFLT stocks is “Outperform” according to the report published on January 17th, 2023.
Barclays gave a rating of “Overweight” to CFLT, setting the target price at $24 in the report published on January 10th of the current year.
CFLT Trading at 8.23% 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 -71.17% of loss for the given period.
Volatility was left at 6.82%, however, over the last 30 days, the volatility rate increased by 6.68%, as shares surge +0.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.33% upper at present.
During the last 5 trading sessions, CFLT rose by +14.55%, which changed the moving average for the period of 200-days by -45.23% in comparison to the 20-day moving average, which settled at $20.86. In addition, Confluent Inc. saw 5.13% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CFLT starting from Liu Ying Christina, who sale 380 shares at the price of $23.11 back on Dec 21. After this action, Liu Ying Christina now owns 38,990 shares of Confluent Inc., valued at $8,782 using the latest closing price.
Verbowski Chad, the SVP of Engineering of Confluent Inc., sale 7,668 shares at $23.11 during a trade that took place back on Dec 21, which means that Verbowski Chad is holding 330,723 shares at $177,207 based on the most recent closing price.
Stock Fundamentals for CFLT
Current profitability levels for the company are sitting at:
- -87.56 for the present operating margin
- +64.60 for the gross margin
The net margin for Confluent Inc. stands at -88.38. Equity return is now at value -56.50, with -19.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 6.31.