Confluent Inc (NASDAQ:CFLT) price closed higher on Tuesday, April 16, jumping 0.49% above its previous close.
A look at the daily price movement shows that the last close reads $28.41. Taking into account the 52-week price action we note that the stock hit a 52-week high of $41.22 and 52-week low of $14.69. The stock subtracted -7.34% on its value in the past month.
Confluent Inc, which has a market valuation of $8.93 billion. Analysts tracking CFLT have forecast the quarterly EPS to grow by 0.02 per share this quarter, while the same analysts predict the annual EPS to hit $0.18 for the year 2024 and up to $0.33 for 2025. In this case, analysts estimate an annual EPS growth of 350.00% for the year and 83.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $212.15 million, with the likely lows of $211 million and highs of $220.31 million. The average estimate suggests sales growth for the quarter will likely rise by 21.70% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $953.81 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 22.80% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give CFLT a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that CFLT’s price is at present -5.44% off the SMA20 and -8.05% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.15, with weekly volatility standing at 3.84%. The indicator jumps to 3.51% when calculated based on the past 30 days. Confluent Inc (NASDAQ:CFLT)’s beta value is holding at 0.93, while the average true range (ATR) indicator is currently reading 1.12.
An analysis of the Confluent Inc (NASDAQ:CFLT) stock in terms of its daily trading volume indicates that the 3-month average is 5.32 million.
Current records show that the company has 224.74M in outstanding shares. The insiders’ percentage holdings are 31.43% of outstanding shares while the percentage share held by institutions stands at 62.50%. But the 22.01% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
