Adversity is less terrifying than hope: Conduent Inc (CNDT)

With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.99 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $3.06 whereas the lowest price it dropped to was $2.96. The 52-week range on CNDT shows that it touched its highest point at $3.81 and its lowest point at $2.40 during that stretch. It currently has a 1-year price target of $7.33. Beta for the stock currently stands at 1.62.

Price Performance and Earnings:

Three-month performance dropped to -16.85% while six-month performance fell -2.55%. The stock lost -9.20% in the past year, while it has lost -16.16% so far this year.

Float and Shares Shorts:

At present, 211.51 million CNDT shares are outstanding with a float of 194.35 million shares on hand for trading. On 2024-04-15, short shares totaled 1.74 million, which was 83.0 higher than short shares on 1710460800. In addition to Mr. Clifford A. Skelton as the firm’s President, CEO & Director, Mr. Stephen Henry Wood serves as its Executive VP, CFO & Principal Accounting Officer.

Institutional Ownership:

Through their ownership of 0.79993 of CNDT’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, CNDT reported revenue of $953000000.0 and operating income of $32000000.0. The EBITDA in the recently reported quarter was $97000000.0 and diluted EPS was $nan.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNDT 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.