Saturday, October 24, 2020

Conduent Incorporated [CNDT] is -43.23% lower this YTD. Is it still time to buy?

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Conduent Incorporated [NASDAQ: CNDT] traded at a high on 09/17/20, posting a 2.33 gain after which it closed the day’ session at $3.52.

The results of the trading session contributed to over 1213787 shares changing hands. Over the past one week, the price volatility of Conduent Incorporated stands at 6.35% while the volatility over the past one month is 7.26%.

The market cap for CNDT stock reached $674.61 million, with 209.13 million shares outstanding and 196.96 million shares in the current float. Compared to the average trading volume of 4.14M shares, CNDT reached a trading volume of 1213787 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Conduent Incorporated [CNDT]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNDT shares is $5.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNDT stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Conduent Incorporated shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 14, 2020. While these analysts kept the previous recommendation, Needham dropped their target price from $9 to $5.50. The new note on the price target was released on February 21, 2020, representing the official price target for Conduent Incorporated stock. On May 09, 2019, analysts decreased their price target for CNDT shares from 25 to 14.

The Average True Range (ATR) for Conduent Incorporated is set at 0.29, with the Price to Sales ratio for CNDT stock in the period of the last 12 months amounting to 0.16. The Price to Book ratio for the last quarter was 0.63, with the Price to Cash per share for the same quarter was set at 2.23. Price to Free Cash Flow for CNDT in the course of the last twelve months was 4.62 with Quick ratio for the last quarter at 1.50.

How has CNDT stock performed recently?

Conduent Incorporated [CNDT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.65. With this latest performance, CNDT shares dropped by -6.88% in over the last four-week period, additionally plugging by 88.24% over the last 6 months – not to mention a drop of -49.64% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNDT stock in for the last two-week period is set at 53.92, with the RSI for the last a single of trading hit 51.81, and the three-weeks RSI is set at 54.36 for Conduent Incorporated [CNDT]. The present Moving Average for the last 50 days of trading for this stock 2.99, while it was recorded at 3.53 for the last single week of trading, and 3.40 for the last 200 days.

Conduent Incorporated [CNDT]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Conduent Incorporated [CNDT] shares currently have an operating margin of +0.63 and a Gross Margin at +11.53. Conduent Incorporated’s Net Margin is presently recorded at -43.30.

Return on Total Capital for CNDT is now 0.68, given the latest momentum, and Return on Invested Capital for the company is -48.28. Return on Equity for this stock declined to -80.48, with Return on Assets sitting at -34.55. When it comes to the capital structure of this company, Conduent Incorporated [CNDT] has a Total Debt to Total Equity ratio set at 127.18. Additionally, CNDT Total Debt to Total Capital is recorded at 55.98, with Total Debt to Total Assets ending up at 40.63. Long-Term Debt to Equity for the company is recorded at 130.23, with the Long-Term Debt to Total Capital now at 51.68.

Reflecting on the efficiency of the workforce at the company, Conduent Incorporated [CNDT] managed to generate an average of -$28,866 per employee. Receivables Turnover for the company is 4.61 with a Total Asset Turnover recorded at a value of 0.80.Conduent Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

Earnings analysis for Conduent Incorporated [CNDT]

With the latest financial reports released by the company, Conduent Incorporated posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.15/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNDT.

Insider trade positions for Conduent Incorporated [CNDT]

There are presently around $591 million, or 81.10% of CNDT stock, in the hands of institutional investors. The top three institutional holders of CNDT stocks are: ICAHN CARL C with ownership of 38,149,336, which is approximately 0% of the company’s market cap and around 2.10% of the total institutional ownership; VANGUARD GROUP INC, holding 15,081,844 shares of the stock with an approximate value of $53.09 million in CNDT stocks shares; and BLACKROCK INC., currently with $44.97 million in CNDT stock with ownership of nearly 1.303% of the company’s market capitalization.

Positions in Conduent Incorporated stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 93 institutional holders increased their position in Conduent Incorporated [NASDAQ:CNDT] by around 26,642,704 shares. Additionally, 95 investors decreased positions by around 33,792,004 shares, while 58 investors held positions by with 107,549,694 shares. The mentioned changes placed institutional holdings at 167,984,402 shares, according to the latest SEC report filing. CNDT stock had 35 new institutional investments in for a total of 4,704,701 shares, while 38 institutional investors sold positions of 11,765,464 shares during the same period.

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