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Wednesday, February 8, 2023

It’s Not Over Yet For Conduent Incorporated (NASDAQ: CNDT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Conduent Incorporated (CNDT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.18, or 4.02%, to $4.66. The Conduent Incorporated has recorded 5,285 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Conduent Customer Experience Management Data Analysis: Technology Consumers Remain in Chat Channel.

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Stocks Info

Conduent Incorporated is listed on the NASDAQ as a member of the Technology sector and is a part of the Information Technology Services industry. At the end of the last regular session, the stock closed at $4.48 and fluctuated between $4.5550 as its day high and $4.3150 as its day low. The current market capitalization of Conduent Incorporated is $936.19M. A total of 0.8 million shares were traded on the day, compared to an average of 804.60K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CNDT has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,521 shares. Over the last 12 months, there were 38 BUYs and 15 SELLs from insiders. Insiders purchased 2,222,393 shares during that period but sold 131,978.

In the most recent transaction, Skelton Clifford bought 47,675 shares of CNDT for 4.23 per share on Aug 04. After the transaction, the President and CEO now owns 2,862,831 company shares. In a previous transaction on Aug 04, Wood Stephen Henry bought 47,455 shares at 4.21 per share. CNDT shares that EVP, Chief Financial Officer owns now total 478,379.

Among the insiders who bought shares, Keyes Louis Edward acquired of 15,000 shares on May 09 at a per-share price of $4.65. This resulted in the EVP, Chief Revenue Officer holding 434,182 shares of CNDT after the transaction. In another insider transaction, KRAWITZ MICHAEL E bought 20,000 shares at $4.46 per share on May 05. Company shares held by the EVP, GC & Secretary now total 755,698.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CNDT in the last 3 months, the mean price target is $3.75 with high estimates of $3.75 and low estimates of $3.75. In terms of 52-week highs and lows, CNDT has a high of $6.27 and a low of $3.29.

As of this writing, CNDT has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.08 per share and a lower estimate of $0.08. The company reported an EPS of $0.1 in the last quarter, which was 66.70% higher than expectations of $0.06.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CNDT is Buy with a score of 3.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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