In the last trading session, 7.31 million shares of the Confluent Inc (NASDAQ:CFLT) were traded, and its beta was 0.98. Most recently the company’s share price was $22.75, and it changed around $0.91 or 4.17% from the last close, which brings the market valuation of the company to $7.74B. CFLT currently trades at a discount to its 52-week high of $37.90, offering almost -66.59% off that amount. The share price’s 52-week low was $17.79, which indicates that the current value has risen by an impressive 21.8% since then.
Confluent Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.65. If we narrow it down even further, the data shows that 0 out of 35 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 7 recommended CFLT as a Hold, whereas 19 deemed it a Buy, and 1 rated it as Underweight. Confluent Inc is expected to report earnings per share of 0.08 for the current quarter.
Confluent Inc (NASDAQ:CFLT) trade information
Instantly CFLT has showed a green trend with a performance of 4.17% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 22.88 on recent trading dayincreased the stock’s daily price by 0.57%. The company’s shares are currently down -18.63% year-to-date, but still up 3.93% over the last five days. On the other hand, Confluent Inc (NASDAQ:CFLT) is -5.72% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $36.5, which translates to bulls needing to increase their stock price by 37.67% from its current value. Analyst projections state that CFLT is forecast to be at a low of $36 and a high of $37.
Confluent Inc (CFLT) estimates and forecasts
The year-over-year growth rate is expected to be 19.18%, up from the previous year.
Consensus estimates provided by 30 financial analysts predict the company will bring in an average of 278.32M in revenue for the current quarter. 30 analysts expect Confluent Inc to make 292.23M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 234.99M and 250.2M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 18.44%. Forecasts for the next quarter put sales growth at 16.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -23.27%. Confluent Inc earnings are expected to increase by 25.73% in 2025, but the outlook is positive 32.15% per year for the next five years.
CFLT Dividends
Confluent Inc’s next quarterly earnings report is expected to be released in June.
JPMORGAN CHASE & CO, with 7.3597% or 23.51 million shares worth $694.19 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 6.9 shares worth $156.94 million, making up 2.41% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held roughly 5.59 shares worth around $127.12 million, which represents about 1.95% of the total shares outstanding.
