The stock of Cognizant Technology Solutions Corp. (NASDAQ: CTSH) has decreased by -1.37 when compared to last closing price of 76.87. Despite this, the company has experienced a -2.02% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-17 that Company also recognized for innovative sustainability efforts with 2024 International Green Apple Environment Award and two National Awards for Excellence in CSR & Sustainability TEANECK, N.J., Oct. 17, 2024 /PRNewswire/ — Cognizant (NASDAQ:CTSH) today announced that it has been named one of America’s Greenest Companies by Newsweek magazine and has been recognized among the Top 300 companies in the U.S., based on environmental sustainability.
Is It Worth Investing in Cognizant Technology Solutions Corp. (NASDAQ: CTSH) Right Now?
The price-to-earnings ratio for Cognizant Technology Solutions Corp. (NASDAQ: CTSH) is above average at 17.29x, Company’s 36-month beta value is 1.05.Analysts have differing opinions on the stock, with 14 analysts rating it as a “buy,” 10 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for CTSH is 494.63M, and currently, short sellers hold a 2.88% ratio of that floaft. The average trading volume of CTSH on October 23, 2024 was 3.26M shares.
CTSH’s Market Performance
The stock of Cognizant Technology Solutions Corp. (CTSH) has seen a -2.02% decrease in the past week, with a -0.39% drop in the past month, and a 4.31% gain in the past quarter. The volatility ratio for the week is 1.22%, and the volatility levels for the past 30 days are at 1.40% for CTSH. The simple moving average for the last 20 days is -1.07% for CTSH stock, with a simple moving average of 3.65% for the last 200 days.
Analysts’ Opinion of CTSH
Many brokerage firms have already submitted their reports for CTSH stocks, with Jefferies repeating the rating for CTSH by listing it as a “Buy.” The predicted price for CTSH in the upcoming period, according to Jefferies is $90 based on the research report published on August 28, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see CTSH reach a price target of $75, previously predicting the price at $73. The rating they have provided for CTSH stocks is “Neutral” according to the report published on August 07th, 2024.
Goldman gave a rating of “Neutral” to CTSH, setting the target price at $72 in the report published on June 24th of the current year.
CTSH Trading at -0.79% from the 50-Day Moving Average
After a stumble in the market that brought CTSH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.54% of loss for the given period.
Volatility was left at 1.40%, however, over the last 30 days, the volatility rate increased by 1.22%, as shares sank -0.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.66% upper at present.
During the last 5 trading sessions, CTSH fell by -2.02%, which changed the moving average for the period of 200-days by +4.09% in comparison to the 20-day moving average, which settled at $76.64. In addition, Cognizant Technology Solutions Corp. saw 0.38% 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 CTSH starting from Singisetti Ravi Kumar, who sale 6,728 shares at the price of $73.66 back on Aug 06 ’24. After this action, Singisetti Ravi Kumar now owns 46,427 shares of Cognizant Technology Solutions Corp., valued at $495,584 using the latest closing price.
Singisetti Ravi Kumar, the Officer of Cognizant Technology Solutions Corp., proposed sale 6,728 shares at $73.66 during a trade that took place back on Aug 06 ’24, which means that Singisetti Ravi Kumar is holding shares at $495,557 based on the most recent closing price.
Stock Fundamentals for CTSH
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.32 for the gross margin
The net margin for Cognizant Technology Solutions Corp. stands at 0.11. The total capital return value is set at 0.19. Equity return is now at value 16.38, with 12.01 for asset returns.
Based on Cognizant Technology Solutions Corp. (CTSH), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 2.49. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 67.65.
Currently, EBITDA for the company is 3.46 billion with net debt to EBITDA at -0.19. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The receivables turnover for the company is 4.85for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.46.
Conclusion
In a nutshell, Cognizant Technology Solutions Corp. (CTSH) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
