During the recent session, Confluent Inc (NASDAQ:CFLT)’s traded shares were 4.09 million, with the beta value of the company hitting 0.88. At the last check today, the stock’s price was $27.33, reflecting an intraday gain of 18.46% or $4.26. The 52-week high for the CFLT share is $35.07, that puts it down -28.32 from that peak though still a striking 46.25% gain since the share price plummeted to a 52-week low of $14.69. The company’s market capitalization is $8.82B, and the average intraday trading volume over the past 10 days was 2.83 million shares, and the average trade volume was 4.08 million shares over the past three months.
Confluent Inc (CFLT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.62. CFLT has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.05.
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Confluent Inc (NASDAQ:CFLT) trade information
Confluent Inc (CFLT) registered a 18.46% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 18.46% in intraday trading to $27.33, hitting a weekly high. The stock’s 5-day price performance is 25.36%, and it has moved by 42.93% in 30 days. Based on these gigs, the overall price performance for the year is -5.47%. The short interest in Confluent Inc (NASDAQ:CFLT) is 20.06 million shares and it means that shorts have 5.17 day(s) to cover.
The consensus price target of analysts on Wall Street is $29, which implies an increase of 5.76% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $21 and $42 respectively. As a result, CFLT is trading at a discount of -53.68% off the target high and 23.16% off the low.
Confluent Inc (CFLT) estimates and forecasts
Statistics show that Confluent Inc has outperformed its competitors in share price, compared to the industry in which it operates. Confluent Inc (CFLT) shares have gone down -2.99% during the last six months, with a year-to-date growth rate more than the industry average at 400.00% against 18.70. In the rating firms’ projections, revenue will increase 22.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 257.07M as predicted by 29 analyst(s). Meanwhile, a consensus of 23 analyst(s) estimates revenue growth to 264.29M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 213.18M and 217.24M respectively. In this case, analysts expect current quarter sales to grow by 20.60% and then jump by 21.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -40.61%. While earnings are projected to return 521.79% in 2024, the next five years will return 76.50% per annum.
CFLT Dividends
Confluent Inc is due to release its next quarterly earnings on 2025-Feb-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Confluent Inc (NASDAQ:CFLT)’s Major holders
Confluent Inc insiders own 3.66% of total outstanding shares while institutional holders control 93.47%, with the float percentage being 97.02%. BLACKROCK INC. is the largest shareholder of the company, while 548.0 institutions own stock in it. As of 2024-06-30, the company held over 31.11 million shares (or 9.9011% of all shares), a total value of $918.67 million in shares.
The next largest institutional holding, with 23.51 million shares, is of JPMORGAN CHASE & CO’s that is approximately 7.4818% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $694.19 million.
