In the last trading session, 3.54 million Confluent Inc (NASDAQ:CFLT) shares changed hands as the company’s beta touched 1.02. With the company’s per share price at $24.06 changed hands at -$0.03 or -0.15% during last session, the market valuation stood at $8.35B. CFLT’s last price was a discount, traded about -57.52% off its 52-week high of $37.90. The share price had its 52-week low at $17.79, which suggests the last value was 26.06% up since then. When we look at Confluent Inc’s average trading volume, we note the 10-day average is 3.84 million shares, with the 3-month average coming to 6.10 million.
Analysts gave the Confluent Inc (CFLT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.71. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CFLT as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Confluent Inc’s EPS for the current quarter is expected to be 0.07.
Confluent Inc (NASDAQ:CFLT) trade information
Instantly CFLT was in red as seen at the end of in last trading. With action 16.55%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -13.97%, with the 5-day performance at 16.55% in the green. However, in the 30-day time frame, Confluent Inc (NASDAQ:CFLT) is -1.13% down. Looking at the short shares, we see there were 17.22 million shares sold at short interest cover period of 3.52 days.
The consensus price target for the stock as assigned by Wall Street analysts is 33.5, meaning bulls need an upside of 28.18% from its current market value. According to analyst projections, CFLT’s forecast low is 26 with 37 as the target high. To hit the forecast high, the stock’s price needs a -53.78% plunge from its current level, while the stock would need to soar -8.06% for it to hit the projected low.
Confluent Inc (CFLT) estimates and forecasts
Year-over-year growth is forecast to reach 20.51% up from the last financial year.
Consensus estimates given by 30 financial analysts project the company’s revenue in the current quarter to hit an average of 264.39M. 29 analysts are of the opinion that Confluent Inc’s revenue for the current quarter will be 278.63M. The company’s revenue for the corresponding quarters a year ago was 217.24M and 234.99M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 21.71%. The estimates for the next quarter sales put growth at 18.57%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -23.27%. The 2025 estimates are for Confluent Inc earnings to increase by 23.23%, but the outlook for the next 5-year period is at 36.07% per year.
CFLT Dividends
Confluent Inc is expected to release its next quarterly earnings report on 2025-Feb-10.
Confluent Inc (NASDAQ:CFLT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.56% of Confluent Inc shares while 82.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.76%. There are 82.71% institutions holding the Confluent Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 9.7395% of the shares, roughly 31.11 million CFLT shares worth $918.67 million.
JPMORGAN CHASE & CO holds the second largest percentage of outstanding shares, with 7.3597% or 23.51 million shares worth $694.19 million as of 2024-06-30.
