Analysis Of The Weekly Performance Of Confluent Inc. (CFLT)

Confluent Inc. (NASDAQ:CFLT) finished Wednesday with an addition of $2.78 to close at $66.50, an upside of 4.36 percent. An average of 973,200 shares of common stock have been traded in the last five days. There was a gain of $3.60 in the past week. The last 20 days have seen an average of 1,043,370 shares traded, while the 50-day average volume stands at 1,258,990.

CFLT stock has increased by 4.12% in the last month. The company shares reached their 1-month lowest point of $58.14 on 10/06/21. Shares of the company touched a low of $37.71 and a high of $74.25 in 52 weeks. In spite of this, the price is down -10.44% from the 52-week high.


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Valuation Metrics

Confluent Inc. (CFLT) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.24 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 60.60, the price-to-book (PB) ratio at 15.39.

The quick ratio of Confluent Inc. for the three months ended June 29 was 4.90, and the current ratio was 4.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Confluent Inc.’s EBITDA margin for the year ending June 29 is -97.90%. Its gross profit as reported stood at $161.1 million compared to revenue of $236.58 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

The analyst consensus anticipated Confluent Inc.’s latest quarter earnings to come in at -$0.4 per share, but it turned out to be -$0.31, a 22.50% surprise. For the quarter, EBITDA amounted to -$78.78 million. Shareholders own equity worth $260.41 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Confluent Inc. (CFLT) price momentum. RSI 9-day as of the close on 13 October was 55.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 86.56%.

As of today, CFLT’s price is $64.47 +5.72% or $3.60 from its 5-day moving average. CFLT is currently trading -1.25% lower than its 20-day SMA. However, the stock’s current price level is +60.59% above the SMA50.

The stochastic %K and %D were 33.44% and 33.19%, respectively, and the average true range (ATR) was 4.73. With the 14-day stochastic at 51.89% and the average true range at 4.64, the RSI (14) stands at 55.28%. The stock has reached 0.52 on the 9-day MACD Oscillator while the 14-day reading was at 0.00.

Analyst Ratings

DA Davidson launched coverage on Confluent Inc. (NASDAQ: CFLT) in its analyst report released on September 15, 2021. The firm assigned the stock a a Neutral rating.The consensus rating for Confluent Inc. (CFLT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CFLT, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is CFLT’s price target for the next 12 months?

Analysts predict a range of price targets between $42.00 and $115.00, with a median target of $52.00. Taking a look at these predictions, the average price target given by analysts for Confluent Inc. (CFLT) stock is $57.21.

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