The stock of Confluent Inc (CFLT) has seen a -0.85% decrease in the past week, with a 8.89% gain in the past month, and a -12.65% decrease in the past quarter. The volatility ratio for the week is 3.31%, and the volatility levels for the past 30 days are at 4.13% for CFLT. The simple moving average for the past 20 days is 6.61% for CFLT’s stock, with a -14.98% simple moving average for the past 200 days.
Is It Worth Investing in Confluent Inc (NASDAQ: CFLT) Right Now?
The 36-month beta value for CFLT is also noteworthy at 0.89. There are mixed opinions on the stock, with 18 analysts rating it as a “buy,” 6 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
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The public float for CFLT is 238.88M, and at present, short sellers hold a 8.24% of that float. The average trading volume of CFLT on October 22, 2024 was 4.17M shares.
CFLT) stock’s latest price update
Confluent Inc (NASDAQ: CFLT)’s stock price has plunge by -1.25relation to previous closing price of 22.45. Nevertheless, the company has seen a -0.85% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-17 that Expect a post-election rally, rate cuts, and year-end rally in selected growth stocks. Confluent offers a managed Kafka solution, crucial for real-time data streaming. Despite macro headwinds, Confluent’s growth remains high at over 20%. Confluent’s stock, down 66% in two years, presents a buying opportunity for growth-oriented investors due to its promising future and very low PEG valuation relative to the sector median.
Analysts’ Opinion of CFLT
Many brokerage firms have already submitted their reports for CFLT stocks, with Robert W. Baird repeating the rating for CFLT by listing it as a “Neutral.” The predicted price for CFLT in the upcoming period, according to Robert W. Baird is $23 based on the research report published on September 04, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see CFLT reach a price target of $25. The rating they have provided for CFLT stocks is “Overweight” according to the report published on August 09th, 2024.
Evercore ISI gave a rating of “Outperform” to CFLT, setting the target price at $35 in the report published on June 11th of the current year.
CFLT Trading at 6.90% 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 -36.78% of loss for the given period.
Volatility was left at 4.13%, however, over the last 30 days, the volatility rate increased by 3.31%, as shares surge +12.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.10% upper at present.
During the last 5 trading sessions, CFLT fell by -0.85%, which changed the moving average for the period of 200-days by +2.12% in comparison to the 20-day moving average, which settled at $20.79. In addition, Confluent Inc saw -5.26% 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 CFLT starting from Phan Kong, who sale 190 shares at the price of $20.12 back on Sep 20 ’24. After this action, Phan Kong now owns 124,652 shares of Confluent Inc, valued at $3,823 using the latest closing price.
Kreps Edward Jay, the CHIEF EXECUTIVE OFFICER of Confluent Inc, sale 232,500 shares at $19.99 during a trade that took place back on Sep 04 ’24, which means that Kreps Edward Jay is holding 452,488 shares at $4,647,675 based on the most recent closing price.
Stock Fundamentals for CFLT
Current profitability levels for the company are sitting at:
- -0.48 for the present operating margin
- 0.72 for the gross margin
The net margin for Confluent Inc stands at -0.43. The total capital return value is set at -0.21. Equity return is now at value -45.21, with -15.22 for asset returns.
Based on Confluent Inc (CFLT), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 1.26. The interest coverage ratio of the stock is -458.71.
Currently, EBITDA for the company is -443.92 million with net debt to EBITDA at -2.02. When we switch over and look at the enterprise to sales, we see a ratio of 9.19. The receivables turnover for the company is 3.36for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.35.
Conclusion
In summary, Confluent Inc (CFLT) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
