Conduent Inc (NASDAQ:CNDT) does about 1.24M shares in volume on a normal day but saw 1577066 shares change hands in the recent trading day. The company now has a market cap of 339.84M USD. Its current market price is $2.10, marking a decrease of -2.78% compared to the previous close of $2.16. The 52 week high reached by this stock is $4.90 whilst the lowest price level in 52 weeks is $1.90.
The consensus objective for the share price is $6.90, suggesting that the stock has a potential upside of 69.57% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 14, 2024 when Noble Capital Markets initiated the stock to “Outperform” and issued a price target of $9.
The current price level is -4.09%, -11.29%, and -39.51% away from its SMA20, SMA50, and SMA200 respectively, with the CNDT price moving above the 50-day SMA on current market day. Conduent Inc (CNDT) stock is down -5.41% over the week and -2.33% over the past month. Its price is -48.02% year-to-date and -40.68% over the past year.
To reach the target analysts have set, the stock logically needs to grow 69.57 percent from here.
Outstanding shares total 161.83M with insiders holding 9.26% of the shares and institutional holders owning 75.14% of the company’s common stock. The company has a return on investment of 15.64% and return on equity of 30.92%. The price to earnings ratio (P/E ratio) amounts to 1.54 while the forward price to earnings ratio is 33.16. The beta has a value of 1.55. Price to book ratio is 0.42 and price to sales ratio is 0.11.
