A Closer Look at Conduent Inc (CNDT) Stock Gains

The stock market performance of Conduent Inc has been fairly unsteady. Over the last year, the company’s stock hit its highest at $4.64 on 02/09/23, while the lowest price during the same time frame was $2.40, recorded on 11/10/23.

52-week price history of CNDT Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Conduent Inc’s current trading price is -26.94% away from its 52-week high, while its distance from the 52-week low is 41.25%. The stock’s price range during this period has fluctuated between $2.40 and $4.64. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 1.3 million for the day, which was evidently higher than the average daily volume of 0.98 million over the last three months.

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Financial Performance and Market Capitalization

Conduent Inc (CNDT) has experienced a quarterly rise of 28.90% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 736.61M and boasts a workforce of 62000 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 3.30, with a change in price of +0.26. Similarly, Conduent Inc recorded 987,304 in trading volume during the last 100 days, posting a change of +8.31%.

CNDT Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CNDT stands at 2.01. Similarly, the long-term debt-to-equity ratio is also 1.89.

CNDT Stock Stochastic Average

The raw stochastic average for Conduent Inc over the last 50 days is presently at 51.76%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 4.65%. Further, the company’s Stochastic %K and %D values for the last 20 days were 22.69% and 30.51%, respectively.

CNDT Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Until today this year the stock’s price performance recorded a decrease of -7.12%. However, over the last six months, the performance has been weaker by 2.11%. The price of CNDT decreased -1.45% over the last 30 days. And in the last five days, it has fallen by -8.38%.

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