The stock of Conduent Inc (NASDAQ: CNDT) has decreased by -3.52 when compared to last closing price of 3.69. Despite this, the company has experienced a -16.63% fall in its stock price over the last five trading sessions. zacks.com reported 2024-11-12 that Does Conduent (CNDT) have what it takes to be a top stock pick for momentum investors? Let’s find out.
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 1.57x. The 36-month beta value for CNDT is also noteworthy at 1.48. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CNDT is 143.06M, and at present, short sellers hold a 1.63% of that float. The average trading volume of CNDT on November 20, 2024 was 1.07M shares.
CNDT’s Market Performance
CNDT stock saw a decrease of -16.63% in the past week, with a monthly decline of -6.07% and a quarterly a decrease of 6.59%. The volatility ratio for the week is 6.38%, and the volatility levels for the last 30 days are 5.50% for Conduent Inc (CNDT). The simple moving average for the past 20 days is -7.39% for CNDT’s stock, with a -0.40% simple moving average for the past 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 -8.26% 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 -18.72% of loss for the given period.
Volatility was left at 5.50%, however, over the last 30 days, the volatility rate increased by 6.38%, as shares sank -3.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.57% lower at present.
During the last 5 trading sessions, CNDT fell by -16.63%, which changed the moving average for the period of 200-days by +2.30% in comparison to the 20-day moving average, which settled at $3.84. In addition, Conduent Inc saw -2.47% 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 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:
- 0.0 for the present operating margin
- 0.14 for the gross margin
The net margin for Conduent Inc stands at 0.13. The total capital return value is set at 0.01. Equity return is now at value 49.94, with 14.83 for asset returns.
Based on Conduent Inc (CNDT), the company’s capital structure generated 0.46 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 0.85. The interest coverage ratio of the stock is 0.14.
Currently, EBITDA for the company is 43.0 million with net debt to EBITDA at 1.35. 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 1.75.
Conclusion
In summary, Conduent Inc (CNDT) has had a mixed 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.
