The stock of Conduent Inc (CNDT) has seen a 1.88% increase in the past week, with a 14.80% gain in the past month, and a 23.78% flourish in the past quarter. The volatility ratio for the week is 3.55%, and the volatility levels for the past 30 days are at 4.21% for CNDT. The simple moving average for the past 20 days is 2.21% for CNDT’s stock, with a 8.99% simple moving average for the past 200 days.
Is It Worth Investing in Conduent Inc (NASDAQ: CNDT) Right Now?
Conduent Inc (NASDAQ: CNDT) has a price-to-earnings ratio that is above its average at 18.73x. The stock has a 36-month beta value of 1.47. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for CNDT is 145.38M, and at present, short sellers hold a 1.99% of that float. On September 19, 2024, the average trading volume of CNDT was 1.14M shares.
CNDT) stock’s latest price update
The stock of Conduent Inc (NASDAQ: CNDT) has decreased by -1.04 when compared to last closing price of 3.84. Despite this, the company has experienced a 1.88% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-18 that If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Conduent (CNDT) could be a great choice. It is one of the several stocks that passed through our ‘Fast-Paced Momentum at a Bargain’ screen.
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 3.44% 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 -9.52% of loss for the given period.
Volatility was left at 4.21%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares surge +13.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.50% upper at present.
During the last 5 trading sessions, CNDT rose by +1.88%, which changed the moving average for the period of 200-days by +25.00% in comparison to the 20-day moving average, which settled at $3.74. In addition, Conduent Inc saw 4.11% 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 CNDT starting from ICAHN CARL C, who sale 38,149,336 shares at the price of $3.47 back on Jun 08 ’24. After this action, ICAHN CARL C now owns 0 shares of Conduent Inc, valued at $132,378,196 using the latest closing price.
Stock Fundamentals for CNDT
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.16 for the gross margin
The net margin for Conduent Inc stands at 0.01. The total capital return value is set at -0.13. Equity return is now at value 3.26, with 1.03 for asset returns.
Based on Conduent Inc (CNDT), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is -2.55.
Currently, EBITDA for the company is 369.0 million with net debt to EBITDA at 1.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.37. The receivables turnover for the company is 4.61for trailing twelve months and the total asset turnover is 1.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.
Conclusion
To sum up, Conduent Inc (CNDT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
