Confluent Inc (NASDAQ:CFLT) has a beta value of 0.94 and has seen 1.33 million shares traded in the recent trading session. The company, currently valued at $6.73B, closed the last trade at $21.19 per share which meant it lost -$0.12 on the day or -0.54% during that session. The CFLT stock price is -66.21% off its 52-week high price of $35.22 and 30.67% 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 7.4 million shares traded. The 3-month trading volume is 4.22 million shares.
The consensus among analysts is that Confluent Inc (CFLT) is Buy stock at the moment, with a recommendation rating of 1.64. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 11 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.05.
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Confluent Inc (NASDAQ:CFLT) trade information
Sporting -0.54% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CFLT stock price touched $21.19 or saw a rise of 1.53%. Year-to-date, Confluent Inc shares have moved -9.42%, while the 5-day performance has seen it change 11.61%. Over the past 30 days, the shares of Confluent Inc (NASDAQ:CFLT) have changed -18.79%. Short interest in the company has seen 18.35 million shares shorted with days to cover at 4.57.
Wall Street analysts have a consensus price target for the stock at $34, which means that the shares’ value could jump 37.68% from the levels at last check today. The projected low price target is $21.0 while the price target rests at a high of $42.0. In that case, then, we find that the latest price level in today’s session is -98.21% off the targeted high while a plunge would see the stock lose 0.9% 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 lost -33.45% over the past 6 months, with this year growth rate of 400.00%, compared to 14.20% for the industry. Revenue growth from the last financial year stood is estimated to be 22.90%.
28 analysts offering their estimates for the company have set an average revenue estimate of 245.07M for the current quarter. 28 have an estimated revenue figure of 257.39M for the next ending quarter. Year-ago sales stood 200.18M and 213.18M respectively for this quarter and the next, and analysts expect sales will grow by 22.40% for the current quarter and 22.90% 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 2024-Oct-30 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
Insiders own 3.71% of the company shares, while shares held by institutions stand at 94.61% with a share float percentage of 98.25%. Investors are also buoyed by the number of investors in a company, with Confluent Inc having a total of 582.0 institutions that hold shares in the company. 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.
