As of Thursday close, Cognizant Technology Solutions Corporation’s (NASDAQ:CTSH) stock was up $0.01, moving up 0.01 percent to $68.74. The average number of shares traded per day over the past five days has been 4,190,780 shares. 4 times new highs have been achieved over the past 5 days, with a $1.91 gain in that time frame. In the last twenty days, the average volume was 3,798,715, while in the previous 50 days, it was 3,266,006.
Since last month, CTSH stock rose 1.06%. Shares of the company fell to $63.26 on 07/14/22, the lowest level in the past month. A 52-week high of $93.47 was reached on 03/22/22 after having rallying from a 52-week low of $63.26. Since the beginning of this year, CTSH’s stock price has dropped by -22.52% or -$19.98, and marked a new high 4 times. However, the stock has declined by -26.46% since its 52-week high.
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Cognizant Technology Solutions Corporation (CTSH) last reported insider trading activity 80 days ago on May 17. Patsalos-Fox Michael, the Director of the company, disposed of 5,687 shares for $74.40 on May 17. It resulted in a $423,139 divestment by the insider. Stafford Andrew J sold 5,867 shares at an average price of $77.24 on May 10. The insider now owns 5,872 shares following the transaction. On Mar 07, Director Mackay Leo S. Jr. sold 4,778 shares at $88.52 apiece. The transaction was valued at $422,949.
Right now, Cognizant Technology Solutions Corporation (CTSH) has a P/E ratio of about 15.96. The stock’s beta is 1.06. Besides these, the trailing price-to-sales (P/S) ratio of 1.91, the price-to-book (PB) ratio of 2.99, and the price-to-cash flow ratio of 20.58 may also be considered.
The latest dividend of $0.27 per share was paid out, remained unchanged from last year’s $0.27. On Wednesday February 2 2022, a $0.03 dividend increase was announced.
In the three months ended June 29, Cognizant Technology Solutions Corporation’s quick ratio stood at 2.20, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.05, and the total debt-to-equity ratio was 0.05. On the profitability front, the trailing twelve-month gross margin is 36.70% percent. In the year ended June 29, operating margins totaled 15.30%. Based on annual data, CTSH earned $6.9 billion in gross profit and brought in $18.51 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.80%. Return on equity (ROE) for the past 12 months was 19.00%.
In Cognizant Technology Solutions Corporation’s quarter-end financial report for June 29, it reported total debt of $608.0 million against cash and short-term investments of $552.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CTSH’s revenue rose 6.54% to $4.83 billion during the quarter, while net income inched up to $4.91 billion. While analysts expected Cognizant Technology Solutions Corporation to report $1.08 quarterly earnings, the actual figure was $1.14 per share, beating the consensus estimate by 5.60%. During the quarter, the company generated $904.0 million in EBITDA. The liabilities of Cognizant Technology Solutions Corporation were 5.31 billion at the end of its most recent quarter ended June 29, and its total debt was $1.57 billion. The value of shareholders’ equity is $517.78 million.
This quick technical analysis looks at Cognizant Technology Solutions Corporation’s (CTSH) price momentum. With a historical volatility rate of 34.95%, the RSI 9-day stood at 55.42% on 04 August.
With respect to its five-day moving average, the current Cognizant Technology Solutions Corporation price is up by +2.86% percent or $1.91. At present, CTSH shares trade +1.72% above its 20-day simple moving average and -21.92% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.32% below its SMA50 and -12.87% below its SMA200.
Stochastic coefficient K was 65.46% and Stochastic coefficient D was 63.11%, while ATR was 1.71. Given the Stochastic reading of 68.28% for the 14-day period, the RSI (14) reading has been calculated as 52.25%. As of today, the MACD Oscillator reading stands at 0.12, while the 14-day reading stands at 0.29.
Cognizant Technology Solutions Corporation downgraded its rating on Cognizant Technology Solutions Corporation (NASDAQ: CTSH) to a Neutral in a note to investors on July 28, 2022. The analysts firm previously had an Overweight rating on the stock.Cognizant Technology Solutions Corporation (CTSH) has been rated Overweight by analysts. According to 2 brokerage firms, CTSH is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Cognizant Technology Solutions Corporation stock as buy, with 8 recommending it as overweight.
With a median target price of $77.50, the current consensus forecast for the stock is $55.00 – $98.00. Based on these forecasts, analysts predict Cognizant Technology Solutions Corporation (CTSH) will achieve an average price target of $78.82.