Confluent Inc (NASDAQ: CFLT)’s stock price has dropped by -0.20 in relation to previous closing price of 26.89. Nevertheless, the company has seen a loss of -5.54% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-21 that Confluent: A Promising Growth Story Given Increasing Usage On Platform And Robust Innovation
Is It Worth Investing in Confluent Inc (NASDAQ: CFLT) Right Now?
CFLT has 36-month beta value of 0.96. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CFLT is 214.36M, and currently, short sellers hold a 9.26% ratio of that float. The average trading volume of CFLT on April 22, 2024 was 5.25M shares.
CFLT’s Market Performance
CFLT stock saw a decrease of -5.54% in the past week, with a monthly decline of -15.61% and a quarterly a decrease of 19.80%. The volatility ratio for the week is 3.69%, and the volatility levels for the last 30 days are 3.57% for Confluent Inc (CFLT). The simple moving average for the past 20 days is -8.68% for CFLT’s stock, with a -6.19% simple moving average for the past 200 days.
Analysts’ Opinion of CFLT
Many brokerage firms have already submitted their reports for CFLT stocks, with Stifel repeating the rating for CFLT by listing it as a “Buy.” The predicted price for CFLT in the upcoming period, according to Stifel is $40 based on the research report published on February 21, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see CFLT reach a price target of $23. The rating they have provided for CFLT stocks is “Hold” according to the report published on January 30th, 2024.
Bernstein gave a rating of “Outperform” to CFLT, setting the target price at $34 in the report published on November 28th of the previous year.
CFLT Trading at -14.39% 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 -34.90% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 3.69%, as shares sank -13.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.87% lower at present.
During the last 5 trading sessions, CFLT fell by -5.84%, which changed the moving average for the period of 200-days by -20.76% in comparison to the 20-day moving average, which settled at $29.17. In addition, Confluent Inc saw 14.68% 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 Verbowski Chad, who sale 8,086 shares at the price of $31.20 back on Mar 20 ’24. After this action, Verbowski Chad now owns 532,072 shares of Confluent Inc, valued at $252,283 using the latest closing price.
Sivaram Rohan, the CHIEF FINANCIAL OFFICER of Confluent Inc, sale 588 shares at $31.20 during a trade that took place back on Mar 20 ’24, which means that Sivaram Rohan is holding 600,166 shares at $18,346 based on the most recent closing price.
Stock Fundamentals for CFLT
Current profitability levels for the company are sitting at:
- -0.57 for the present operating margin
- 0.7 for the gross margin
The net margin for Confluent Inc stands at -0.57. The total capital return value is set at -0.23. Equity return is now at value -56.05, with -18.43 for asset returns.
Based on Confluent Inc (CFLT), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at -0.09. The debt to equity ratio resting at 1.35. The interest coverage ratio of the stock is -23.32.
Currently, EBITDA for the company is -443.92 million with net debt to EBITDA at -1.91. When we switch over and look at the enterprise to sales, we see a ratio of 11.8. The receivables turnover for the company is 3.38for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.53.
Conclusion
To put it simply, Confluent Inc (CFLT) has had a mixed performance in recent times. Analysts have a mixed 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.
