Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Confluent Inc’s current trading price is -12.40% away from its 52-week high, while its distance from the 52-week low is 72.70%. The stock’s price range during this period has varied between $17.79 and $35.07. The company, active in the Technology sector, saw a trading volume of around 3.15 million for the day, considerably lower average daily volume of 3.99 million observed over the last three months.
Confluent Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $35.07 on 03/04/24, and the lowest price during the same period was recorded at $17.79 on 08/05/24.
How Financial Performance Impacts Market Capitalization
Confluent Inc (CFLT) has experienced a quarterly rise of 11.48% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.08B and boasts a workforce of 2744 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 26.75, with a change in price of +9.87. Similarly, Confluent Inc recorded 3,994,589 in trading volume during the last 100 days, posting a change of +47.45%.
How CFLT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its 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
As of today, the raw stochastic average of Confluent Inc over the past 50 days is 57.59%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 76.40%. Additionally, the Stochastic %K and %D values for the company were 77.17% and 70.48%, respectively, over the past 20 days.
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. Year to date metric has recorded a gain of 9.88%.However, over the last six months, we can see a weaker performance of 51.19%. Over the last 30 days, the price of CFLT has fallen by 11.15%. And in the last five days, it has surged by 5.32%.
