Confluent Inc (NASDAQ: CFLT)’s stock price has gone decline by -2.99 in comparison to its previous close of 29.75, however, the company has experienced a 5.52% increase 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?
The 36-month beta value for CFLT is at 0.91. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CFLT is 231.73M, and currently, shorts hold a 8.58% of that float. The average trading volume for CFLT on April 30, 2024 was 5.07M shares.
CFLT’s Market Performance
CFLT’s stock has seen a 5.52% increase for the week, with a -5.44% drop in the past month and a 21.62% gain in the past quarter. The volatility ratio for the week is 4.38%, and the volatility levels for the past 30 days are at 3.68% for Confluent Inc The simple moving average for the last 20 days is -0.09% for CFLT’s stock, with a simple moving average of 1.44% for the last 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 -6.85% 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 -29.99% of loss for the given period.
Volatility was left at 3.68%, however, over the last 30 days, the volatility rate increased by 4.38%, as shares sank -3.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.36% lower at present.
During the last 5 trading sessions, CFLT rose by +5.52%, which changed the moving average for the period of 200-days by -21.92% in comparison to the 20-day moving average, which settled at $28.84. In addition, Confluent Inc saw 23.33% 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 13.28. 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
In conclusion, Confluent Inc (CFLT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
