With 6.04 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.99 million shares. The 52-week range on CFLT shows that it touched its highest point at $37.90 and its lowest point at $17.79 during that stretch. It currently has a 1-year price target of $37.90. Beta for the stock currently stands at 0.91.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CFLT was down-trending over the past week, with a drop of -2.04%, but this was up by 0.47% over a month. Three-month performance dropped to -2.45% while six-month performance rose 42.68%. The stock lost -11.96% in the past year, while it has gained 6.65% so far this year. A look at the trailing 12-month EPS for CFLT yields -1.07 with Next year EPS estimates of 0.49. For the next quarter, that number is 0.07. This implies an EPS growth rate of 23.27% for this year and 37.93% for next year. EPS is expected to grow by 32.82% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -23.27%.
Float and Shares Shorts:
At present, 271.79 million CFLT shares are outstanding with a float of 258.02 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CFLT since 11 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.27964 being high and $0.2397 being low. For CFLT, this leads to a yearly average estimate of $0.25967. Based on analyst estimates, the high estimate for the next quarter is $0.11 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.08.
Summary of Insider Activity:
Insiders traded CFLT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
