In the past week, CFLT stock has gone down by -0.80%, with a monthly decline of -2.35% and a quarterly surge of 20.55%. The volatility ratio for the week is 3.62%, and the volatility levels for the last 30 days are 3.78% for Confluent Inc The simple moving average for the last 20 days is 0.04% for CFLT stock, with a simple moving average of 1.45% for the last 200 days.
Is It Worth Investing in Confluent Inc (NASDAQ: CFLT) Right Now?
The stock has a 36-month beta value of 0.93. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CFLT is 231.80M, and at present, short sellers hold a 8.58% of that float. On May 07, 2024, the average trading volume of CFLT was 4.90M shares.
CFLT) stock’s latest price update
Confluent Inc (NASDAQ: CFLT)’s stock price has plunge by 0.07relation to previous closing price of 28.61. Nevertheless, the company has seen a -0.80% plunge in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-05 that Rocket Lab USA is in the right place at the right time with the right solution. The amount of digital data is exploding, and Confluent helps companies get a handle on this challenge.
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 -6.09% 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 -30.55% of loss for the given period.
Volatility was left at 3.78%, however, over the last 30 days, the volatility rate increased by 3.62%, as shares sank -4.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.71% lower at present.
During the last 5 trading sessions, CFLT fell by -0.80%, which changed the moving average for the period of 200-days by -23.31% in comparison to the 20-day moving average, which settled at $28.55. In addition, Confluent Inc saw 22.35% 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 13.18. 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 sum up, Confluent Inc (CFLT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
