Confluent Inc (NASDAQ:CFLT) has a beta value of 0.92 and has seen 3.76 million shares traded in the last trading session. The company, currently valued at $9.31B, closed the last trade at $28.12 per share which meant it lost -$0.74 on the day or -2.56% during that session. The CFLT stock price is -46.59% off its 52-week high price of $41.22 and 47.76% above the 52-week low of $14.69. The 3-month trading volume is 5.07 million shares.

Confluent Inc (NASDAQ:CFLT) trade information

Sporting -2.56% in the red in last session, the stock has traded in the red over the last five days, when the CFLT stock price touched $28.12 or saw a rise of 6.61%. Year-to-date, Confluent Inc shares have moved 20.17%, while the 5-day performance has seen it change -1.44%. Over the past 30 days, the shares of Confluent Inc (NASDAQ:CFLT) have changed -5.76%.

Confluent Inc (CFLT) estimates and forecasts

Figures show that Confluent Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 3.31% over the past 6 months, with this year growth rate of 325.00%, compared to 19.50% for the industry. Revenue growth from the last financial year stood is estimated to be 22.60%.

27 analysts offering their estimates for the company have set an average revenue estimate of $212.15 million for the current quarter. 27 have an estimated revenue figure of $229.25 million for the next quarter concluding in Jun 2024. Year-ago sales stood $174.3 million and $189.28 million respectively for this quarter and the next, and analysts expect sales will grow by 21.70% for the current quarter and 21.10% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -40.61% over the past 5 years.

CFLT Dividends

Confluent Inc is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.