Conduent Inc [CNDT] stock prices are up 4.95% to $4.03 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CNDT shares have gain 5.50% over the last week, with a monthly amount glided 4.40%, and seem to be holding up well over a long-time horizon.
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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.
The stock price of Conduent Inc [CNDT] has been fluctuating between $2.40 and $4.20 over the past year. Conduent Inc [NASDAQ: CNDT] shares were valued at $4.03 at the most recent close of the market.
Analyzing the CNDT fundamentals
The Conduent Inc [NASDAQ:CNDT] reported sales of 3.63B for trailing twelve months, representing a drop of -9.51%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is -0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.98.
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 3.89 points at the first support level, and at 3.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.11, and for the 2nd resistance point, it is at 4.20.
Ratios To Look Out For
It’s worth pointing out that Conduent Inc [NASDAQ:CNDT]’s Current Ratio is 1.65. As well, the Quick Ratio is 1.65, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 0.88 and price to earnings (TTM) ratio is 19.86.
Transactions by insiders
Recent insider trading involved ICAHN CARL C, 10% Owner, that happened on Jun 08 ’24 when 38.15 million shares were sold.
