Confluent Inc (NASDAQ: CFLT)’s stock price has plunge by 2.84relation to previous closing price of 27.51. Nevertheless, the company has seen a 2.13% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-16 that Confluent shares have surged 30% in the past month, driven by accelerating revenue growth and significant profitability improvements, making it an attractive buy despite past volatility. The company reported a 25% revenue increase, with cloud revenues growing by 42%, and raised its Q4 revenue forecast, indicating strong future performance. New product introductions, including Flink and Freight Clusters, are expected to drive substantial revenue growth and enhance Confluent’s competitive edge in the stream processing market.
Is It Worth Investing in Confluent Inc (NASDAQ: CFLT) Right Now?
Company’s 36-month beta value is 0.82.Analysts have differing opinions on the stock, with 18 analysts rating it as a “buy,” 8 as “overweight,” 7 as “hold,” and 1 as “sell.”
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The public float for CFLT is 246.81M, and currently, short sellers hold a 7.02% ratio of that floaft. The average trading volume of CFLT on November 20, 2024 was 3.83M shares.
CFLT’s Market Performance
CFLT stock saw an increase of 2.13% in the past week, with a monthly gain of 27.60% and a quarterly increase of 28.01%. The volatility ratio for the week is 5.15%, and the volatility levels for the last 30 days are 4.46% for Confluent Inc (CFLT). The simple moving average for the past 20 days is 9.56% for CFLT’s stock, with a 7.18% simple moving average for the past 200 days.
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 24.53% 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 -19.33% of loss for the given period.
Volatility was left at 4.46%, however, over the last 30 days, the volatility rate increased by 5.15%, as shares surge +28.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.82% upper at present.
During the last 5 trading sessions, CFLT rose by +2.13%, which changed the moving average for the period of 200-days by +19.12% in comparison to the 20-day moving average, which settled at $25.82. In addition, Confluent Inc saw 20.90% 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 CFLT starting from ERICA SCHULTZ, who proposed sale 254,916 shares at the price of $27.07 back on Nov 18 ’24. After this action, ERICA SCHULTZ now owns shares of Confluent Inc, valued at $6,900,576 using the latest closing price.
Vishria Eric, the Director of Confluent Inc, sale 15,476 shares at $30.00 during a trade that took place back on Nov 13 ’24, which means that Vishria Eric is holding 1,278,210 shares at $464,280 based on the most recent closing price.
Stock Fundamentals for CFLT
Current profitability levels for the company are sitting at:
- -0.43 for the present operating margin
- 0.73 for the gross margin
The net margin for Confluent Inc stands at -0.38. The total capital return value is set at -0.19. Equity return is now at value -40.75, with -14.13 for asset returns.
Based on Confluent Inc (CFLT), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is -442.08.
Currently, EBITDA for the company is -443.92 million with net debt to EBITDA at -2.06. When we switch over and look at the enterprise to sales, we see a ratio of 11.0. The receivables turnover for the company is 3.29for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.15.
Conclusion
In a nutshell, Confluent Inc (CFLT) 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.
