With 3.43 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.33 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 $28.13. Beta for the stock currently stands at 0.96.
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 up-trending over the past week, with a rise of 9.15%, but this was up by 4.79% over a month. Three-month performance dropped to -35.32% while six-month performance fell -18.63%. The stock lost -26.51% in the past year, while it has lost -19.38% so far this year. A look at the trailing 12-month EPS for CFLT yields -0.98 with Next year EPS estimates of 0.48. For the next quarter, that number is 0.08. This implies an EPS growth rate of 25.73% for this year and 30.50% for next year. EPS is expected to grow by 32.15% 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, 285.23 million CFLT shares are outstanding with a float of 269.56 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 $0.08. The average estimate for the next quarter is thus $0.1.