During the recent session, Confluent Inc (NASDAQ:CFLT)’s traded shares were 1.27 million, with the beta value of the company hitting 0.92. At the last check today, the stock’s price was $27.33, reflecting an intraday loss of -4.60% or -$1.32. The 52-week high for the CFLT share is $37.90, that puts it down -38.68 from that peak though still a striking 34.91% gain since the share price plummeted to a 52-week low of $17.79. The company’s market capitalization is $9.13B, and the average trade volume was 5.21 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 1.70. 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 0.07.
Confluent Inc (NASDAQ:CFLT) trade information
Confluent Inc (CFLT) registered a -4.60% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.60% in intraday trading to $27.33, hitting a weekly high. The stock’s 5-day price performance is -13.89%, and it has moved by -6.94% in 30 days. Based on these gigs, the overall price performance for the year is -15.77%.
The consensus price target of analysts on Wall Street is $29.5, which implies an increase of 7.36% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $25 and $37 respectively. As a result, CFLT is trading at a discount of -35.38% off the target high and 8.53% off the low.
Confluent Inc (CFLT) estimates and forecasts
In the rating firms’ projections, revenue will increase 20.79% 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 264.46M as predicted by 29 analyst(s). Meanwhile, a consensus of 29 analyst(s) estimates revenue growth to 278.9M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 217.24M and 234.99M respectively. In this case, analysts expect current quarter sales to grow by 21.74% and then jump by 18.69% 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 -23.27%. While earnings are projected to return 23.62% in 2025, the next five years will return 36.14% per annum.
CFLT Dividends
Confluent Inc is due to release its next quarterly earnings in April. 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
The next largest institutional holding, with 23.51 million shares, is of JPMORGAN CHASE & CO’s that is approximately 7.3597% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $694.19 million.
Also, the Mutual Funds coming in first place with the largest holdings of Confluent Inc (CFLT) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 6.86 shares. This amounts to just over 2.51 percent of the company’s overall shares, with a $182.11 million market value. The same data shows that the other fund manager holds slightly less at 5.59, or about 2.05% of the stock, which is worth about $148.35 million.
