The growth track for Confluent Inc (CFLT) has changed recently

With 3.35 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.39 million shares. The 52-week range on CFLT shows that it touched its highest point at $41.22 and its lowest point at $14.69 during that stretch. It currently has a 1-year price target of $34.04. Beta for the stock currently stands at 0.91.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CFLT was down-trending over the past week, with a drop of -4.03%, but this was down by -7.04% over a month. Three-month performance surged to 26.74% while six-month performance rose 4.34%. The stock gained 45.54% in the past year, while it has gained 30.43% so far this year. A look at the trailing 12-month EPS for CFLT yields -1.48 with Next year EPS estimates of 0.33. For the next quarter, that number is 0.02. This implies an EPS growth rate of 336.73% for this year and 91.46% for next year.

Float and Shares Shorts:

At present, 224.74 million CFLT shares are outstanding with a float of 214.36 million shares on hand for trading. On Mar 15, 2024, short shares totaled 19.02 million, which was 6.08% higher than short shares on Feb 15, 2024. In addition to CFLT as the firm’s Confluent, Inc., CTLT serves as its Catalent, Inc.

Institutional Ownership:

Through their ownership of 86.80% of CFLT’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CFLT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, CFLT has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and CFLT currently yields $0.00. In the past year, CFLT’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, CFLT has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $– for the past five years.