Confluent Inc (NASDAQ:CFLT)’s traded shares stood at 1.1 million during the latest session, with the company’s beta value hitting 0.88. At the last check today, the stock’s price was $31.56, to imply a decrease of -0.40% or -$0.13 in intraday trading. The CFLT share’s 52-week high remains $37.90, putting it -20.09% down since that peak but still an impressive 43.63% since price per share fell to its 52-week low of $17.79.
Analysts have given a consensus recommendation of Buy for Confluent Inc (CFLT), translating to a mean rating of 1.70. Of 11 analyst(s) looking at the stock, 0 analyst(s) give CFLT a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.07.
Confluent Inc (NASDAQ:CFLT) trade information
After registering a -0.40% downside in the latest session, Confluent Inc (CFLT) has traded red over the past five days. The 5-day price performance for the stock is 1.78%, and 4.86% over 30 days. With these gigs, the year-to-date price performance is 12.88%.
The extremes give us $23 and $37 for target low and target high price respectively. As such, CFLT has been trading -17.24% off suggested target high and 27.12% from its likely low.
Confluent Inc (CFLT) estimates and forecasts
The rating firms project that company’s revenue will grow 20.82% compared to the previous financial year.
Revenue forecast for the current quarter as set by 28 analysts is 264.48M. Meanwhile, for the current quarter, a total of 28 analyst(s) estimate revenue growth to 279.2M.Earnings reports from the last fiscal year show that sales brought in 217.24M and 234.99M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 21.75% before jumping 18.82% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -23.27% for the past 5-year period. While 2025 is set for a 23.27% return in earnings, projections for the next 5 years are at 32.82% annually.
CFLT Dividends
Confluent Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Confluent Inc (NASDAQ:CFLT)’s Major holders
The next major institution holding the largest number of shares is JPMORGAN CHASE & CO with 23.51 million shares, or about 7.3597% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $694.19 million.
We also have Vanguard Total Stock Market Index Fund and Blackrock Funds-Mid-Cap Growth Equity Portfolio as the top two Mutual Funds with the largest holdings of the Confluent Inc (CFLT) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 6.86 shares. This is just over 2.51% of the total shares, with a market valuation of $215.93 million. Data from the same date shows that the other fund manager holds a little less at 5.35, or 1.96% of the shares, all valued at about 168.47 million.
