In the past week, CTSH stock has gone down by -4.12%, with a monthly decline of -13.37% and a quarterly plunge of -1.32%. The volatility ratio for the week is 2.87%, and the volatility levels for the last 30 days are 1.97% for Cognizant Technology Solutions Corporation The simple moving average for the last 20 days is -6.57% for CTSH stock, with a simple moving average of -7.88% for the last 200 days.
Is It Worth Investing in Cognizant Technology Solutions Corporation (NASDAQ: CTSH) Right Now?
The price-to-earnings ratio for Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is above average at 13.22x. The 36-month beta value for CTSH is also noteworthy at 1.11. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 18 rating it as “hold,” and 5 rating it as “sell.”
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
The average price estimated by analysts for CTSH is $65.86, which is $7.15 above than the current price. The public float for CTSH is 507.88M, and at present, short sellers hold a 1.33% of that float. The average trading volume of CTSH on March 17, 2023 was 4.87M shares.
CTSH) stock’s latest price update
Cognizant Technology Solutions Corporation (NASDAQ: CTSH)’s stock price has increased by 2.33 compared to its previous closing price of 57.07. Despite this, the company has seen a fall of -4.12% in its stock price over the last five trading days.
Analysts’ Opinion of CTSH
In the past week, CTSH stock has gone down by -4.12%, with a monthly decline of -13.37% and a quarterly plunge of -1.32%. The volatility ratio for the week is 2.87%, and the volatility levels for the last 30 days are 1.97% for Cognizant Technology Solutions Corporation The simple moving average for the last 20 days is -6.57% for CTSH stock, with a simple moving average of -7.88% for the last 200 days.
Analysts’ Opinion of CTSH
Many brokerage firms have already submitted their reports for CTSH stocks, with Robert W. Baird repeating the rating for CTSH by listing it as a “Neutral.” The predicted price for CTSH in the upcoming period, according to Robert W. Baird is $68 based on the research report published on February 03rd of the current year 2023.
MoffettNathanson, on the other hand, stated in their research note that they expect to see CTSH reach a price target of $60. The rating they have provided for CTSH stocks is “Underperform” according to the report published on January 24th, 2023.
MoffettNathanson gave a rating of “Underperform” to CTSH, setting the target price at $60 in the report published on January 19th of the current year.
CTSH Trading at -8.05% from the 50-Day Moving Average
After a stumble in the market that brought CTSH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.52% of loss for the given period.
Volatility was left at 1.97%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares sank -13.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.41% upper at present.
During the last 5 trading sessions, CTSH fell by -4.12%, which changed the moving average for the period of 200-days by -21.85% in comparison to the 20-day moving average, which settled at $62.07. In addition, Cognizant Technology Solutions Corporation saw 2.12% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CTSH starting from Mackay Leo S. Jr., who sale 3,300 shares at the price of $52.79 back on Nov 07. After this action, Mackay Leo S. Jr. now owns 28,310 shares of Cognizant Technology Solutions Corporation, valued at $174,218 using the latest closing price.
Abdalla Zein, the Director of Cognizant Technology Solutions Corporation, sale 4,368 shares at $65.44 during a trade that took place back on Sep 09, which means that Abdalla Zein is holding 13,556 shares at $285,846 based on the most recent closing price.
Stock Fundamentals for CTSH
Current profitability levels for the company are sitting at:
- +15.35 for the present operating margin
- +33.07 for the gross margin
The net margin for Cognizant Technology Solutions Corporation stands at +11.79. Equity return is now at value 19.00, with 13.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.17.
Conclusion
In summary, Cognizant Technology Solutions Corporation (CTSH) has had a bad performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
