Conduent Inc (NASDAQ:CNDT) does about 1.48M shares in volume on a normal day but saw 4182405 shares change hands in the recent trading day. The company now has a market cap of 433.70M USD. Its current market price is $1480000.0, marking an increase of 4182405% compared to the previous close of $2.71. 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 $7.00, suggesting that the stock has a potential downside of -21142757.14% 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 6.43%, 16.84%, and -21.14% 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 -2.19% over the week and 16.52% over the past month. Its price is -11.55% year-to-date and -33.66% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.14 and -0.29 for whole year. Expected sales for next quarter are $806.5M, which analysts say will come at $3.17B for the current fiscal year and next year at $3.27B. In addition, estimates put the company’s current quarterly revenue at an average of $777M.
To reach the target analysts have set, the stock logically needs to shrink -21142757.14 percent from here.
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 1.96 while the forward price to earnings ratio is 134.00. The beta has a value of 1.54. Price to book ratio is 0.54 and price to sales ratio is 0.14.
