The market performance of Confluent Inc’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $41.22 on 07/19/23, while the lowest value for the same duration was $14.69 on 11/02/23.
52-week price history of CFLT Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Confluent Inc’s current trading price is -32.39% away from its 52-week high, while its distance from the 52-week low is 89.72%. The stock’s price range during the 52-week period has remained between $14.69 and $41.22. In the Technology sector, the company’s shares saw a trading volume of around 3.65 million for the day, which was evidently higher than the average daily volume of 3.53 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Confluent Inc (CFLT) has experienced a quarterly decline of -7.38% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.86B and boasts a workforce of 2744 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 29.88, with a change in price of -3.98. Similarly, Confluent Inc recorded 3,967,113 in trading volume during the last 100 days, posting a change of -12.50%.
Examining CFLT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for CFLT stands at 1.32. Similarly, the long-term debt-to-equity ratio is also 1.30.
CFLT Stock Stochastic Average
Confluent Inc’s raw stochastic average for the past 50 days is presently 33.57%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 51.30%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 71.40% and 73.36%, respectively.
CFLT Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price increase of 19.10%. However, over the past six months, we’ve seen a weaker performance of 25.26%. The price of CFLT fallen by 7.44% over the last 30 days. And in the last five days, it has fallen by -2.35%.