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Confluent, Inc. (CFLT)

22.44   -0.71 (-3.07%) 03-22 15:24
Open: 23 Pre. Close: 23.15
High: 23.02 Low: 22.07
Volume: 1,104,306 Market Cap: 6,533(M)

Technical analysis

as of: 2023-03-22 2:46:26 PM
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 30.51     One year: 34.71
Support: Support1: 20.31    Support2: 16.9
Resistance: Resistance1: 26.12    Resistance2: 29.71
Pivot: 23.32
Moving Average: MA(5): 22.42     MA(20): 23.54
MA(100): 22.94     MA(250): 25.34
MACD: MACD(12,26): -0.6     Signal(9): -0.5
Stochastic oscillator: %K(14,3): 33     %D(3): 30.3
RSI: RSI(14): 45.4
52-week: High: 44.97  Low: 16.48
Average Vol(K): 3-Month: 3,769 (K)  10-Days: 3,358 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and NEUTRAL in mid-long term.
[ CFLT ] has closed above bottom band by 36.6%. Bollinger Bands are 2.2% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 23.45 - 23.58 23.58 - 23.71
Low: 21.6 - 21.76 21.76 - 21.91
Close: 22.9 - 23.15 23.15 - 23.38

Company Description

Confluent, Inc. operates a data streaming platform in the United States and internationally. It offers Confluent Cloud, a managed cloud-native service for connecting and processing data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data in real-time with the foundational platform for data in motion. It also provides Kafka Connect that enables to build connectors to integrate Apache Kafka with other apps and data systems; ksqlDB, a database for stream processing applications; and stream governance, a solution that is designed for the intricacies of streaming data, which allows teams to expand usage of real-time data without bypassing requirements for risk management and regulatory compliance. In addition, it also offers training and professional services. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.

Headline News

Mon, 20 Mar 2023
Should You Buy Confluent Inc (CFLT) Stock After it Is Lower By 3.02% in a Week? - InvestorsObserver

Sun, 19 Mar 2023
Peregrine Capital Management LLC Invests $8.10 Million in ... - MarketBeat

Sat, 18 Mar 2023
Confluent, Inc. (NASDAQ:CFLT) Given Average Recommendation of ... - MarketBeat

Sun, 12 Mar 2023
Nuveen Asset Management LLC Buys 89349 Shares of Confluent ... - MarketBeat

Sun, 12 Mar 2023
Guru Fundamental Report for CFLT - Nasdaq

Mon, 06 Mar 2023
First Trust Advisors LP Cuts Position in Confluent, Inc. (NASDAQ ... - MarketBeat

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Underperform
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Technology
Industry:  Software—Infrastructure
Shares Out. 177 (M)
Shares Float 165 (M)
% Held by Insiders 6.5 (%)
% Held by Institutions 85.6 (%)
Shares Short 17,200 (K)
Shares Short P.Month 15,760 (K)

Stock Financials

EPS -1.61
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 2.66
Profit Margin (%) -77.3
Operating Margin (%) -78.8
Return on Assets (ttm) -12.4
Return on Equity (ttm) -55.9
Qtrly Rev. Growth 40.5
Gross Profit (p.s.) 2.17
Sales Per Share 3.3
EBITDA (p.s.) -2.57
Qtrly Earnings Growth 0
Operating Cash Flow -157 (M)
Levered Free Cash Flow 38 (M)

Stock Valuations

PE Ratio -14.1
PEG Ratio -0.9
Price to Book value 8.47
Price to Sales 6.82
Price to Cash Flow -25.41

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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