Confluent Inc [CFLT] stock is trading at $31.38, up 12.76%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CFLT shares have gain 11.24% over the last week, with a monthly amount glided 4.60%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Confluent Inc [NASDAQ: CFLT] stock has seen the most recent analyst activity on May 08, 2024, when Canaccord Genuity upgraded its rating to a Buy but kept the price target unchanged to $35 for it. Previously, Stifel started tracking the stock with Buy rating on February 21, 2024, and set its price target to $40. On January 30, 2024, Loop Capital initiated with a Hold rating and assigned a price target of $23 on the stock. Bernstein started tracking the stock assigning a Outperform rating and suggested a price target of $34 on November 28, 2023. CapitalOne upgraded its rating to a Overweight but $27 remained the price target by the analyst firm on November 08, 2023. RBC Capital Mkts started tracking with a Outperform rating for this stock on November 06, 2023, and assigned it a price target of $22. In a note dated November 03, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $21.
Confluent Inc [CFLT] stock has fluctuated between $14.69 and $41.22 over the past year. Currently, Wall Street analysts expect the stock to reach $34.08 within the next 12 months. Confluent Inc [NASDAQ: CFLT] shares were valued at $31.38 at the most recent close of the market. An investor can expect a potential return of 8.6% based on the average CFLT price forecast.
Analyzing the CFLT fundamentals
Confluent Inc [NASDAQ:CFLT] reported sales of 819.89M for the trailing twelve months, which represents a growth of 24.63%. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at -0.52%, Pretax Profit Margin comes in at -0.42%, and Net Profit Margin reading is -0.47%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.48 and Total Capital is -0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.32.
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 29.69 points at the first support level, and at 27.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.48, and for the 2nd resistance point, it is at 33.57.
Confluent Inc [CFLT] reported earnings per share of $0.09 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.05/share, meaning a difference of $0.04 and a surprise factor of 80.00%.
Ratios To Look Out For
For context, Confluent Inc’s Current Ratio is 4.97. Further, the Quick Ratio stands at 4.97, while the Cash Ratio is 0.77. Considering the valuation of this stock, the price to sales ratio is 12.15, the price to book ratio is 11.78.
Transactions by insiders
Recent insider trading involved Verbowski Chad, CHIEF TECHNOLOGY OFFICER, that happened on Mar 20 ’24 when 8086.0 shares were sold. CHIEF FINANCIAL OFFICER, Sivaram Rohan completed a deal on Mar 20 ’24 to sell 588.0 shares. Meanwhile, CHIEF ACCOUNTING OFFICER Liu Ying Christina sold 407.0 shares on Mar 20 ’24.
