The stock price of Conduent Inc (NASDAQ: CNDT) has jumped by 11.32 compared to previous close of 3.71. Despite this, the company has seen a gain of 12.53% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-06 that Conduent Incorporated (NASDAQ:CNDT ) Q3 2024 Results Conference Call November 6, 2024 9:00 AM ET Company Participants Giles Goodburn – Vice President, Investor Relations Cliff Skelton – President and Chief Executive Officer Steve Wood – Chief Financial Officer Conference Call Participants Pat McCann – NOBLE Capital Markets Marc Riddick – Sidoti & Company Chris Sakai – Singular Research Operator Greetings, and welcome to the Conduent Third Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Is It Worth Investing in Conduent Inc (NASDAQ: CNDT) Right Now?
The price-to-earnings ratio for Conduent Inc (NASDAQ: CNDT) is above average at 20.35x, Company’s 36-month beta value is 1.48.Analysts have differing opinions on the stock, 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 currently, short sellers hold a 1.69% ratio of that floaft. The average trading volume of CNDT on November 07, 2024 was 1.06M shares.
CNDT’s Market Performance
CNDT’s stock has seen a 12.53% increase for the week, with a 0.49% rise in the past month and a 34.53% gain in the past quarter. The volatility ratio for the week is 8.12%, and the volatility levels for the past 30 days are at 4.65% for Conduent Inc The simple moving average for the last 20 days is 8.70% for CNDT’s stock, with a simple moving average of 16.09% 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 7.70% 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 -2.02% of loss for the given period.
Volatility was left at 4.65%, however, over the last 30 days, the volatility rate increased by 8.12%, as shares surge +0.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.99% upper at present.
During the last 5 trading sessions, CNDT rose by +12.53%, which changed the moving average for the period of 200-days by +10.43% in comparison to the 20-day moving average, which settled at $3.80. In addition, Conduent Inc saw 13.15% 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:
- 0.06 for the present operating margin
- 0.34 for the gross margin
The net margin for Conduent Inc stands at 0.13. The total capital return value is set at 0.1. 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 2.16.
Currently, EBITDA for the company is 369.0 million with net debt to EBITDA at 0.45. When we switch over and look at the enterprise to sales, we see a ratio of 0.32. The receivables turnover for the company is 6.65for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.
Conclusion
In a nutshell, Conduent Inc (CNDT) has experienced a better 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.
