Cognizant Technology Solutions Corporation [CTSH] Stock Looks Poised to Climb Further

Cognizant Technology Solutions Corporation [CTSH] stock is up 0.87 while the S&P 500 has fallen -0.07% on Wednesday, 12/02/20. While at the time of this article, CTSH ATR is sitting at 1.62, with the beta value at 1.13. This stock’s volatility for the past week remained at 1.31%, while it was 2.01% for the past 30-day period. CTSH has risen $0.68 from the previous closing price of $78.12 on volume of 1.09 million shares.

On 17, November 2020, XPRIZE and Cognizant Announce Pandemic Response Challenge to Safely Reopen Societies and Restart Economies Around the World. According to news published on Yahoo Finance, New $500K, four-month competition aims to accelerate use of artificial intelligence to minimize coronavirus infection cases while reducing the economic cost of lockdowns.

Analyst Birdseye View:

The most recent analyst activity for Cognizant Technology Solutions Corporation [NASDAQ:CTSH] stock was on October 29, 2020, when it was Upgrade with a Buy rating from Societe Generale, which also raised its 12-month price target on the stock from $79 to $85. Before that, on November 19, 2020, Goldman Recapitulated a Buy rating and elevated its amount target to $90. On October 29, 2020, Cowen Upgrade an Outperform rating and boosted its price target on this stock from $70 to $85. On October 13, 2020, Susquehanna Upgrade a Positive rating. On September 11, 2020, BofA Securities Upgrade a Buy rating and increased its price target to $76. On July 30, 2020, Needham Upgrade a Hold rating. On July 30, 2020, JP Morgan Upgrade a Neutral rating and boosted its target amount on this stock to $69. On July 16, 2020 Wedbush Upgrade an Outperform rating and elevated its amount target to $75.

In the past 52 weeks of trading, this stock has oscillated between a low of $40.01 and a peak of $79.04. Right now, the middling Wall Street analyst 12-month amount mark is $79.50. At the most recent market close, shares of Cognizant Technology Solutions Corporation [NASDAQ:CTSH] were valued at $78.80. According to the average price forecast, investors can expect a potential return of 4.01%.

FUNDAMENTAL ANALYSIS

Cognizant Technology Solutions Corporation [NASDAQ:CTSH] most recently reported quarterly sales of 4.24 billion, which represented growth of -0.10%. This publicly-traded organization’s revenue is $57,378 per employee, while its income is $6,297 per employee. This company’s Gross Margin is currently 36.10%, its Operating Margin is 13.60%, its Pretax Margin is +15.15, and its Net Margin is +10.98. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 11.47, 16.41, 22.35 and 14.95 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 13.44 and the whole liability to whole assets at 10.56. It shows enduring liability to the whole principal at 11.47 and enduring liability to assets at 0.09 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 77.85 points at 1st support level, the second support level is making up to 77.57. But as of 1st resistance point, this stock is sitting at 78.53 and at 78.93 for 2nd resistance point.

Cognizant Technology Solutions Corporation [CTSH] reported its earnings at $0.97 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.9/share signifying the difference of 0.07 and 7.80% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.82 calling estimates for $0.69/share with the difference of 0.13 depicting the surprise of 18.80%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Cognizant Technology Solutions Corporation [NASDAQ:CTSH] is 2.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.15. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.07, it’s amount to book ratio is 3.08 and showing 28.97 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by fox John nelson JR, Director, and it was the sale of 5430.0 shares on Nov 16. Telesmanic Robert, the SVP, Cont. & Chief Acct. Offc., completed a sale of 723.0 shares on Oct 15. On Oct 07, SINHA DHARMENDRA KUMAR, President, North America, completed a sale of 10000.0 shares.