Confluent Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $35.07 on 03/04/24, while the lowest price for the same duration was marked at $17.79 on 08/05/24.
52-week price history of CFLT Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Confluent Inc’s current trading price is -11.89% away from its 52-week high, while its distance from the 52-week low is 73.69%. The stock’s price range during this period has spanned from $17.79 to $35.07. In the Technology sector, the Confluent Inc’s shares surpassed a trading volume of approximately 0.91 million for the day, which was noticeably lower compared to the average daily volume of 9.4.09 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 rise of 49.56% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.14B 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 23.90, with a change in price of +6.22. Similarly, Confluent Inc recorded 4,223,698 in trading volume during the last 100 days, posting a change of +25.31%.
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 1.19. Similarly, the long-term debt-to-equity ratio is also 1.18.
CFLT Stock Stochastic Average
Today’s raw stochastic average for Confluent Inc over the last 50 days is 76.84%.This indicates a increase from the raw stochastic average of the past 20 days, which was 47.52%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 58.70% and 59.68%, respectively.
CFLT Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price increase of 32.05%. However, over the past six months, we’ve seen a weaker performance of 14.78%. The price of CFLT fallen by 12.32% over the last 30 days. And in the last five days, it has fallen by -0.96%.
