Conduent Inc (NASDAQ: CNDT) has experienced a decline in its stock price by -2.61 compared to its previous closing price of 3.07. However, the company has seen a fall of -0.99% in its stock price over the last five trading days. Business Wire reported 2024-04-17 that FLORHAM PARK, N.J.–(BUSINESS WIRE)–Conduent Incorporated (Nasdaq: CNDT) plans to report its first-quarter 2024 financial results on Wednesday, May 1, 2024 before market open.
Is It Worth Investing in Conduent Inc (NASDAQ: CNDT) Right Now?
Company’s 36-month beta value is 1.61.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for CNDT is 192.91M, and currently, short sellers hold a 0.90% ratio of that floaft. The average trading volume of CNDT on April 26, 2024 was 996.79K shares.
CNDT’s Market Performance
The stock of Conduent Inc (CNDT) has seen a -0.99% decrease in the past week, with a -6.56% drop in the past month, and a -17.63% fall in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 3.24% for CNDT.. The simple moving average for the past 20 days is -6.55% for CNDT’s stock, with a -9.57% simple moving average for the past 200 days.
Analysts’ Opinion of CNDT
Many brokerage firms have already submitted their reports for CNDT stocks, with Noble Capital Markets repeating the rating for CNDT by listing it as a “Outperform.” The predicted price for CNDT in the upcoming period, according to Noble Capital Markets is $9 based on the research report published on March 14, 2024 of the current year 2024.
CNDT Trading at -9.70% 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 -21.52% of loss for the given period.
Volatility was left at 3.24%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -9.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.06% lower at present.
During the last 5 trading sessions, CNDT fell by -0.99%, which changed the moving average for the period of 200-days by -16.25% in comparison to the 20-day moving average, which settled at $3.18. In addition, Conduent Inc saw -18.08% 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 ’23. After this action, Skelton Clifford now owns 3,447,499 shares of Conduent Inc, valued at $100,156 using the latest closing price.
Wood Stephen Henry, the EVP, Chief Financial Officer of Conduent Inc, purchase 33,373 shares at $3.00 during a trade that took place back on May 05 ’23, 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:
- -0.05 for the present operating margin
- 0.21 for the gross margin
The net margin for Conduent Inc stands at -0.08. The total capital return value is set at -0.08. Equity return is now at value -32.35, with -8.79 for asset returns.
Based on Conduent Inc (CNDT), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.66. The interest coverage ratio of the stock is -1.7.
Currently, EBITDA for the company is 369.0 million with net debt to EBITDA at 1.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.42. The receivables turnover for the company is 5.05for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.91.
Conclusion
In a nutshell, Conduent Inc (CNDT) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
