compared to its average ratio and a 36-month beta value of 1.77. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Conduent Incorporated (CNDT) is $5.15, which is $1.22 above the current market price. The public float for CNDT is 205.41M, and currently, short sellers hold a 1.66% ratio of that float. The average trading volume of CNDT on September 19, 2023 was 703.97K shares.
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CNDT) stock’s latest price update
Conduent Incorporated (NASDAQ: CNDT)’s stock price has plunge by 11.20relation to previous closing price of 3.08. Nevertheless, the company has seen a 9.42% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2023-08-02 that Conduent Incorporated (NASDAQ:CNDT ) Q2 2023 Results Conference Call August 2, 2023 9:00 AM ET Company Participants Giles Goodburn – VP, IR Cliff Skelton – President and CEO Steve Wood – CFO Operator Good morning, and welcome to the Conduent Second Quarter 2023 Earnings Announcement. [Operator Instructions] As a reminder, this conference is being recorded.
CNDT’s Market Performance
Conduent Incorporated (CNDT) has experienced a 9.42% rise in stock performance for the past week, with a 7.37% rise in the past month, and a 3.16% rise in the past quarter. The volatility ratio for the week is 3.39%, and the volatility levels for the past 30 days are at 3.15% for CNDT. The simple moving average for the last 20 days is 9.53% for CNDT stock, with a simple moving average of -5.49% for the last 200 days.
CNDT Trading at 3.47% 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 -30.74% of loss for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 3.39%, as shares surge +8.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.84% lower at present.
During the last 5 trading sessions, CNDT rose by +11.02%, which changed the moving average for the period of 200-days by -13.99% in comparison to the 20-day moving average, which settled at $3.14. In addition, Conduent Incorporated saw -15.43% 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 Skelton Clifford, who purchase 34,418 shares at the price of $2.91 back on May 05. After this action, Skelton Clifford now owns 3,447,499 shares of Conduent Incorporated, valued at $100,156 using the latest closing price.
Wood Stephen Henry, the EVP, Chief Financial Officer of Conduent Incorporated, purchase 33,373 shares at $3.00 during a trade that took place back on May 05, which means that Wood Stephen Henry is holding 697,681 shares at $100,059 based on the most recent closing price.
Stock Fundamentals for CNDT
Current profitability levels for the company are sitting at:
- +3.86 for the present operating margin
- +15.81 for the gross margin
The net margin for Conduent Incorporated stands at -4.72. The total capital return value is set at 5.39, while invested capital returns managed to touch -6.82. Equity return is now at value -34.30, with -9.40 for asset returns.
Based on Conduent Incorporated (CNDT), the company’s capital structure generated 144.38 points at debt to equity in total, while total debt to capital is 59.08. Total debt to assets is 42.82, with long-term debt to equity ratio resting at 156.71. Finally, the long-term debt to capital ratio is 55.53.
When we switch over and look at the enterprise to sales, we see a ratio of 0.42, with the company’s debt to enterprise value settled at 0.79. The receivables turnover for the company is 4.38 and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.
Conclusion
To put it simply, Conduent Incorporated (CNDT) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” 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.
