A share price of Conduent Inc [CNDT] is currently trading at $3.35, up 3.40%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 2, April 2024, Conduent Transportation Renews Contract with NJ TRANSIT to Maintain and Drive Continued Upgrades of Fare Collection System. In a post published today on Yahoo Finance, 5-year contract renewal follows the recent implementation of a “Tap & Ride” payment option, allowing NJ TRANSIT bus and light rail customers to use contactless credit and debit cards.
From an analyst’s perspective:
Conduent Inc [NASDAQ: CNDT] stock has seen the most recent analyst activity on March 14, 2024, when Noble Capital Markets initiated its Outperform rating and assigned the stock a price target of $9. Previously, Needham downgraded its rating to Hold on November 09, 2021. On April 14, 2020, downgrade downgraded it’s rating to Neutral. Needham reiterated its Buy rating and decreased its price target to $5.50 on February 21, 2020. JP Morgan upgraded its rating to a Overweight. Needham reiterated a Buy rating for this stock on May 09, 2019, and downed its price target to $14. In a note dated May 09, 2019, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $17 to $12.
Conduent Inc experienced fluctuations in its stock price throughout the past year between $2.40 and $3.81. Conduent Inc [NASDAQ: CNDT] shares were valued at $3.35 at the most recent close of the market.
Analyzing the CNDT fundamentals
Trailing Twelve Months sales for Conduent Inc [NASDAQ:CNDT] were 3.72B which represents -3.35% decline. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.36 and Total Capital is -0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.27 points at the first support level, and at 3.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.41, and for the 2nd resistance point, it is at 3.46.
Conduent Inc [CNDT] reported earnings per share of $0.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of -$0.01 and a surprise factor of -25.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.09 per share as compared to estimates of $0.02 per share, a difference of -$0.11 representing a surprise of -550.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Conduent Inc [NASDAQ:CNDT] is 1.91. Further, the Quick Ratio stands at 1.91, while the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 0.19, the price to book ratio is 1.13.
Transactions by insiders
Recent insider trading involved Skelton Clifford, President and CEO, that happened on May 05 ’23 when 34418.0 shares were purchased. EVP, Chief Financial Officer, Wood Stephen Henry completed a deal on May 05 ’23 to buy 33373.0 shares.
