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Confluent Inc. (NASDAQ:CFLT) Share Price Recovers 27.75% From Its Lows, But Can It Maintain Its Rise?

In last trading session, Confluent Inc. (NASDAQ:CFLT) saw 1.89 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $22.81 trading at -$1.43 or -5.90% at ring of the bell on the day assigns it a market valuation of $6.76B. That closing price of CFLT’s stock is at a discount of -316.35% from its 52-week high price of $94.97 and is indicating a premium of 27.75% from its 52-week low price of $16.48. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.31 million shares which gives us an average trading volume of 2.39 million if we extend that period to 3-months.

Confluent Inc. (NASDAQ:CFLT) trade information

Upright in the red during last session for losing -5.90%, in the last five days CFLT remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $22.81 price level, adding 13.14% to its value on the day. Confluent Inc.’s shares saw a change of -70.08% in year-to-date performance and have moved -13.92% in past 5-day. Confluent Inc. (NASDAQ:CFLT) showed a performance of -17.80% in past 30-days. Number of shares sold short was 16.1 million shares which calculate 4.69 days to cover the short interests.

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Confluent Inc. (CFLT) estimates and forecasts

Statistics highlight that Confluent Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -45.12% of value to its shares in past 6 months, showing an annual growth rate of 17.44% while that of industry is 12.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 38.70% in the current quarter and calculating -11.80% decrease in the next quarter. This year revenue growth is estimated to rise 44.10% from the last financial year’s standing.

14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $131.86 million for the same. And 14 analysts are in estimates of company making revenue of $142.09 million in the next quarter that will end on Sep 2022.

In 2022, company’s earnings growth rate is likely to be around -99.80% while estimates for its earnings growth in next 5 years are of 45.60%.

CFLT Dividends

Confluent Inc. is more likely to be releasing its next quarterly report on November 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Confluent Inc. (NASDAQ:CFLT)’s Major holders

Insiders are in possession of 1.56% of company’s total shares while institution are holding 76.43 percent of that, with stock having share float percentage of 77.65%. Investors also watch the number of corporate investors in a company very closely, which is 76.43% institutions for Confluent Inc. that are currently holding shares of the company. Price (T.Rowe) Associates Inc is the top institutional holder at CFLT for having 10.69 million shares of worth $438.24 million. And as of Mar 30, 2022, it was holding 8.49% of the company’s outstanding shares.

The second largest institutional holder is JP Morgan Chase & Company, which was holding about 7.97 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 6.33% of outstanding shares, having a total worth of $326.83 million.

On the other hand, Price (T.Rowe) Blue Chip Growth Fund Inc. and First Tr Exchange Traded Fd II-First Tr Cloud Computing ETF are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 2.99 million shares of worth $122.52 million or 2.37% of the total outstanding shares. The later fund manager was in possession of 2.93 million shares on Jun 29, 2022, making its stake of worth around $68.0 million in the company or a holder of 2.32% of company’s stock.

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