Conduent Inc (NASDAQ: CNDT) has experienced a decline in its stock price by -0.26 compared to its previous closing price of 3.82. However, the company has seen a gain of 3.53% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-01 that Conduent, Inc. (NASDAQ:CNDT ) Q1 2024 Earnings Conference Call May 1, 2024 9:00 AM ET Company Participants Giles Goodburn – VP, Corporate FP&A and IR Stephen Wood – EVP, CFO & Principal Accounting Officer Clifford Skelton – President, CEO & Director Conference Call Participants Patrick McCann – Noble Capital Markets Marc Riddick – Sidoti & Company Operator Greetings, and welcome to the Conduent Q1 2024 Earnings Announcement. [Operator Instructions].
Is It Worth Investing in Conduent Inc (NASDAQ: CNDT) Right Now?
Additionally, the 36-month beta value for CNDT is 1.54. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for CNDT is 189.36M and currently, short sellers hold a 0.92% ratio of that float. The average trading volume of CNDT on May 10, 2024 was 1.08M shares.
CNDT’s Market Performance
The stock of Conduent Inc (CNDT) has seen a 3.53% increase in the past week, with a 14.41% rise in the past month, and a 12.39% gain in the past quarter. The volatility ratio for the week is 3.97%, and the volatility levels for the past 30 days are at 4.22% for CNDT. The simple moving average for the last 20 days is 15.45% for CNDT’s stock, with a simple moving average of 15.27% for the last 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 15.35% 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 -6.62% of loss for the given period.
Volatility was left at 4.22%, however, over the last 30 days, the volatility rate increased by 3.97%, as shares surge +15.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.73% upper at present.
During the last 5 trading sessions, CNDT rose by +3.53%, which changed the moving average for the period of 200-days by +8.86% in comparison to the 20-day moving average, which settled at $3.33. In addition, Conduent Inc saw 4.38% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CNDT
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.19 for the gross margin
The net margin for Conduent Inc stands at -0.05. The total capital return value is set at -0.1. Equity return is now at value -19.96, with -5.82 for asset returns.
Based on Conduent Inc (CNDT), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 1.39. The interest coverage ratio of the stock is -1.91.
Currently, EBITDA for the company is 369.0 million with net debt to EBITDA at 1.29. When we switch over and look at the enterprise to sales, we see a ratio of 0.45. The receivables turnover for the company is 4.76for trailing twelve months and the total asset turnover is 1.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.87.
Conclusion
In conclusion, Conduent Inc (CNDT) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
