Confluent Inc (NASDAQ:CFLT) has a beta value of 0.91 and has seen 0.94 million shares traded in the recent trading session. The company, currently valued at $7.87B, closed the recent trade at $24.75 per share which meant it gained $0.38 on the day or 1.56% during that session. The CFLT stock price is -57.98% off its 52-week high price of $39.10 and 40.65% above the 52-week low of $14.69. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.64 million shares traded. The 3-month trading volume is 3.82 million shares.
The consensus among analysts is that Confluent Inc (CFLT) is Buy stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 9 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight.
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Confluent Inc (NASDAQ:CFLT) trade information
Sporting 1.56% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CFLT stock price touched $24.75 or saw a rise of 6.92%. Year-to-date, Confluent Inc shares have moved 5.77%, while the 5-day performance has seen it change -6.81%. Over the past 30 days, the shares of Confluent Inc (NASDAQ:CFLT) have changed -8.06%. Short interest in the company has seen 23.76 million shares shorted with days to cover at 6.44.
Wall Street analysts have a consensus price target for the stock at $35, which means that the shares’ value could jump 29.29% from the levels at last check today. The projected low price target is $21 while the price target rests at a high of $44. In that case, then, we find that the latest price level in today’s session is -77.78% off the targeted high while a plunge would see the stock lose 15.15% from the levels at last check today.
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 12.55% over the past 6 months, with this year growth rate of 400.00%, compared to 14.60% for the industry.
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 August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Confluent Inc (NASDAQ:CFLT)’s Major holders
The top two institutional holders are JPMORGAN CHASE & CO with over 22.4 million shares worth more than $683.57 million. As of 2024-03-31, JPMORGAN CHASE & CO held 7.4478% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 22.02 million shares as of 2024-03-31. The firm’s total holdings are worth over $672.08 million and represent 7.3226% of shares outstanding.
