This Is Too Hot For Conduent Inc (NASDAQ: CNDT), Let’s Take A Closer Look

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Conduent Recognized as ‘GovTech 100’ Company for Third Consecutive Year.

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Stocks Info

As a NASDAQ listed company, CNDT falls under the Technology sector while operating within the Information Technology Services industry segment. The current market capitalization of Conduent Inc is $777.90M. A total of 0.82 million shares were traded on the day, compared to an average of 1.07M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CNDT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 5 SELLs from insiders. Insiders purchased 2,042,007 shares during that period but sold 48,286.

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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CNDT in the last 3 months, the mean price target is $5.48 with high estimates of $5.48 and low estimates of $5.48. In terms of 52-week highs and lows, CNDT has a high of $4.95 and a low of $2.40.

As of this writing, CNDT has an earnings estimate of $Chatham Lodging Trust (REIT) per share for the current quarter. EPS was calculated based on a consensus of Conduent Incorporated estimates, with a high estimate of $Conduit Pharmaceuticals Inc. per share and a lower estimate of $ZW Data Action Technologies Inc.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CNDT’s latest balance sheet shows that the firm has $415.00M in Cash & Short Term Investments as of fiscal 2021. There were $1.67B in debt and $1.02B in liabilities at the time. Its Book Value Per Share was $2.85, while its Total Shareholder’s Equity was $1.13B.

Analysts Opinion

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. 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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