The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Confluent Inc’s current trading price is -33.51% away from its 52-week high, while its distance from the 52-week low is 86.59%. The stock’s price range for this period has been between $14.69 and $41.22 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 2.12 million for the day, a number notably lower than the average daily volume of 5.3 million over the last three months.
Confluent Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $41.22 on 07/19/23, while the lowest value for the same period was recorded at $14.69 on 11/02/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Confluent Inc (CFLT) has experienced a quarterly rise of 27.43% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.57B and boasts a workforce of 2744 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 27.06, with a change in price of +8.22. Similarly, Confluent Inc recorded 4,890,076 in trading volume during the last 100 days, posting a change of +42.83%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CFLT stands at 1.37. Similarly, the long-term debt-to-equity ratio is also 1.36.
CFLT Stock Stochastic Average
As of today, Confluent Inc’s raw stochastic average for the last 50 days stands at 35.85%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 1.38%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 6.90% and 7.02%, respectively.
CFLT Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded an increase of 17.14%. However, over the last six months, the performance has been stronger by -10.22%. The price of CFLT decreased -12.43% over the last 30 days. And in the last five days, it has fallen by -8.08%.
