The price-to-earnings ratio for Cognizant Technology Solutions Corp (NASDAQ: CTSH) is above average at 17.01x, 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,” 18 as “hold,” and 1 as “sell.”
The public float for CTSH is 494.68M, and currently, short sellers hold a 3.13% ratio of that floaft. The average trading volume of CTSH on November 19, 2024 was 3.08M shares.
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CTSH) stock’s latest price update
Cognizant Technology Solutions Corp (NASDAQ: CTSH)’s stock price has gone decline by -0.31 in comparison to its previous close of 77.11, however, the company has experienced a -5.68% decrease in its stock price over the last five trading days. zacks.com reported 2024-11-18 that Investors interested in stocks from the Business – Software Services sector have probably already heard of Cognizant (CTSH) and Wipro Limited (WIT). But which of these two stocks presents investors with the better value opportunity right now?
CTSH’s Market Performance
CTSH’s stock has fallen by -5.68% in the past week, with a monthly drop of -1.45% and a quarterly rise of 1.87%. The volatility ratio for the week is 2.00% while the volatility levels for the last 30 days are 1.98% for Cognizant Technology Solutions Corp The simple moving average for the past 20 days is -0.64% for CTSH’s stock, with a 4.95% simple moving average for the past 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 0.01% 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 -6.72% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 2.00%. Over the last 50 days, in opposition, the stock is trading +0.97% upper at present.
During the last 5 trading sessions, CTSH fell by -5.68%, which changed the moving average for the period of 200-days by -1.31% in comparison to the 20-day moving average, which settled at $77.36. In addition, Cognizant Technology Solutions Corp saw 1.77% 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 0.12. The total capital return value is set at 0.18. Equity return is now at value 16.48, with 11.78 for asset returns.
Based on Cognizant Technology Solutions Corp (CTSH), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 1.38. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 64.37.
Currently, EBITDA for the company is 3.35 billion with net debt to EBITDA at -0.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.96. The receivables turnover for the company is 4.62for trailing twelve months and the total asset turnover is 0.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.23.
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.
