Confluent Inc [CFLT] stock prices are up 1.90% to $23.03 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CFLT shares have gain 4.80% over the last week, with a monthly amount glided 13.00%, 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 September 04, 2024, when Robert W. Baird initiated its Neutral rating and assigned the stock a price target of $23. Previously, JP Morgan upgraded its rating to Overweight on August 09, 2024, and kept the price target unchanged to $25. On June 11, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $35 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $37 on May 17, 2024. Canaccord Genuity upgraded its rating to a Buy but $35 remained the price target by the analyst firm on May 08, 2024. Stifel started tracking with a Buy rating for this stock on February 21, 2024, and assigned it a price target of $40. In a note dated January 30, 2024, Loop Capital initiated an Hold rating and provided a target price of $23 on this stock.
The stock price of Confluent Inc [CFLT] has been fluctuating between $14.69 and $35.07 over the past year. Currently, Wall Street analysts expect the stock to reach $30.47 within the next 12 months. Confluent Inc [NASDAQ: CFLT] shares were valued at $23.03 at the most recent close of the market. An investor can expect a potential return of 32.31% based on the average CFLT price forecast.
Analyzing the CFLT fundamentals
The Confluent Inc [NASDAQ:CFLT] reported sales of 865.59M for trailing twelve months, representing a surge of 24.14%. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at -0.48%, Pretax Profit Margin comes in at -0.38%, and Net Profit Margin reading is -0.43%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.45 and Total Capital is -0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.26.
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 22.66 points at the first support level, and at 22.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.35, and for the 2nd resistance point, it is at 23.68.
Ratios To Look Out For
It’s worth pointing out that Confluent Inc [NASDAQ:CFLT]’s Current Ratio is 4.35. In addition, the Quick Ratio stands at 4.35 and the Cash Ratio stands at 0.6. Considering the valuation of this stock, the price to sales ratio is 8.59, the price to book ratio is 8.49.
Transactions by insiders
Recent insider trading involved Phan Kong, Chief Accounting Officer, that happened on Sep 20 ’24 when 190.0 shares were sold. CHIEF EXECUTIVE OFFICER, Kreps Edward Jay completed a deal on Sep 04 ’24 to sell 0.23 million shares. Meanwhile, Officer EDWARD JAY KREPS bought 0.23 million shares on Sep 04 ’24.
