In the past week, CFLT stock has gone down by -0.37%, with a monthly decline of -2.04% and a quarterly plunge of -6.70%. The volatility ratio for the week is 4.36%, and the volatility levels for the last 30 days are 4.50% for Confluent Inc. The simple moving average for the past 20 days is -2.19% for CFLT’s stock, with a 17.36% simple moving average for the past 200 days.
Is It Worth Investing in Confluent Inc. (NASDAQ: CFLT) Right Now?
Additionally, the 36-month beta value for CFLT is 0.99. There are mixed opinions on the stock, with 16 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for CFLT is $39.41, which is $7.45 above the current price. The public float for CFLT is 200.94M and currently, short sellers hold a 10.73% ratio of that float. The average trading volume of CFLT on September 18, 2023 was 4.03M shares.
CFLT) stock’s latest price update
Confluent Inc. (NASDAQ: CFLT) has seen a decline in its stock price by -3.94 in relation to its previous close of 33.50. However, the company has experienced a -0.37% decline in its stock price over the last five trading sessions. InvestorPlace reported 2023-09-17 that Recently, data from the Bureau of Labor Statistics revealed that prices for United States consumers increased by 3.7% in August. This inflation rate was in line with economists’ and analysts projections.
Analysts’ Opinion of CFLT
Many brokerage firms have already submitted their reports for CFLT stocks, with Canaccord Genuity repeating the rating for CFLT by listing it as a “Buy.” The predicted price for CFLT in the upcoming period, according to Canaccord Genuity is $40 based on the research report published on September 01, 2023 of the current year 2023.
CFLT Trading at -5.93% 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 -21.94% of loss for the given period.
Volatility was left at 4.50%, however, over the last 30 days, the volatility rate increased by 4.36%, as shares surge +0.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.68% lower at present.
During the last 5 trading sessions, CFLT fell by -0.37%, which changed the moving average for the period of 200-days by +46.34% in comparison to the 20-day moving average, which settled at $32.91. In addition, Confluent Inc. saw 44.69% 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 CFLT starting from Chadwick Jonathan, who sale 16,625 shares at the price of $33.79 back on Sep 11. After this action, Chadwick Jonathan now owns 14,203 shares of Confluent Inc., valued at $561,814 using the latest closing price.
Kreps Edward Jay, the Chief Executive Officer of Confluent Inc., sale 232,500 shares at $33.27 during a trade that took place back on Sep 05, which means that Kreps Edward Jay is holding 0 shares at $7,735,009 based on the most recent closing price.
Stock Fundamentals for CFLT
Current profitability levels for the company are sitting at:
- -78.77 for the present operating margin
- +65.45 for the gross margin
The net margin for Confluent Inc. stands at -77.23. The total capital return value is set at -23.93, while invested capital returns managed to touch -23.56. Equity return is now at value -62.50, with -20.60 for asset returns.
Based on Confluent Inc. (CFLT), the company’s capital structure generated 145.16 points at debt to equity in total, while total debt to capital is 59.21. Total debt to assets is 47.64, with long-term debt to equity ratio resting at 144.21. Finally, the long-term debt to capital ratio is 58.82.
When we switch over and look at the enterprise to sales, we see a ratio of 13.04, with the company’s debt to enterprise value settled at 0.21. The receivables turnover for the company is 3.71 and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.10.
Conclusion
In conclusion, Confluent Inc. (CFLT) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
