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Monday, June 5, 2023

Are Things Looking Up 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 broken, with the stock’s consolidated last price falling by -$0.12, or -3.52%, to $3.29. The Conduent Incorporated has recorded 55,348 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Conduent Recognized by Forbes as one of America’s Best Employers for Diversity for Third Consecutive Year.

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Stocks Info

The company is listed on the NASDAQ and operates within the Information Technology Services industry segment. At the end of the last regular session, the stock closed at $3.41 and fluctuated between $3.5200 as its day high and $3.3820 as its day low. The current market capitalization of Conduent Incorporated is $751.15M. A total of 1.38 million shares were traded on the day, compared to an average of 1.08M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CNDT has seen 14 BUY and 0 SELL insider trades, representing the acquisition of 1,926,736 and the disposition of 0 shares. Over the last 12 months, there were 27 BUYs and 24 SELLs from insiders. Insiders purchased 2,389,126 shares during that period but sold 983,185.

In the most recent transaction, Skelton Clifford bought 34,418 shares of CNDT for 2.91 per share on May 05. After the transaction, the President and CEO now owns 3,447,499 company shares. In a previous transaction on May 05, Wood Stephen Henry bought 33,373 shares at 3.00 per share. CNDT shares that EVP, Chief Financial Officer owns now total 697,681.

Among the insiders who bought shares, Skelton Clifford acquired of 47,675 shares on Aug 04 at a per-share price of $4.23. This resulted in the President and CEO holding 2,862,831 shares of CNDT after the transaction. In another insider transaction, Wood Stephen Henry bought 47,455 shares at $4.21 per share on Aug 04. Company shares held by the EVP, Chief Financial Officer now total 478,379.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CNDT in the last 3 months, the mean price target is $5.15 with high estimates of $5.15 and low estimates of $5.15. In terms of 52-week highs and lows, CNDT has a high of $5.57 and a low of $2.69.

As of this writing, CNDT has an earnings estimate of $0.05 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.05 per share and a lower estimate of $0.04. The company reported an EPS of $0.01 in the last quarter, which was -80.00% lower than expectations of $0.05.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CNDT’s latest balance sheet shows that the firm has $415.00M in Cash & Short Term Investments as of fiscal 2021. There were $1.60B in debt and $1.02B in liabilities at the time. Its Book Value Per Share was $4.25, while its Total Shareholder’s Equity was $1.13B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 0.00.

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