At the time of writing, Conduent Inc [CNDT] stock is trading at $4.21, down -2.55%. 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 CNDT shares have gain 4.47% over the last week, with a monthly amount drifted -1.41%, and not 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.
For the past year, the stock price of Conduent Inc fluctuated between $2.96 and $4.44. Conduent Inc [NASDAQ: CNDT] shares were valued at $4.21 at the most recent close of the market.
Analyzing the CNDT fundamentals
According to Conduent Inc [NASDAQ:CNDT], the company’s sales were 3.51B for trailing twelve months, which represents an -13.41% plunge. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.52 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.
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 4.14 points at the first support level, and at 4.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.29, and for the 2nd resistance point, it is at 4.37.
Ratios To Look Out For
It is important to note that Conduent Inc [NASDAQ:CNDT] has a current ratio of 1.75. Further, the Quick Ratio stands at 1.75, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 0.19, the price to book ratio is 0.77 and price to earnings (TTM) ratio is 1.86.
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.
