Confluent Inc's fundamentals are relatively stable, and its growth potential is high.Its valuation is considered fairly valued, ranking 159 out of 485 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 30.21.In the medium term, the stock price is expected to trend up.Despite an average stock market performance over the past month, the company shows strong fundamentals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Confluent Inc is 6.65, ranking 324 out of 485 in the Software & IT Services industry. Its financial status is weak, and its operating efficiency is average. Its latest quarterly revenue reached 298.52M, representing a year-over-year increase of 19.31%, while its net profit experienced a year-over-year increase of 10.30%.
Key Metrics
The current valuation score of Confluent Inc is 7.28, ranking 280 out of 485 in the Software & IT Services industry. Its current P/E ratio is -33.90, which is -68.78% below the recent high of -10.58 and -3.60% above the recent low of -35.12.
The current earnings forecast score of Confluent Inc is 6.07, ranking 383 out of 485 in the Software & IT Services industry. The average price target is 31.00, with a high of 36.00 and a low of 24.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Confluent Inc is 4.68, ranking 445 out of 485 in the Software & IT Services industry. Currently, the stock price is trading between the resistance level at 30.75 and the support level at 30.18, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The current institutional shareholding score of Confluent Inc is 10.00, ranking 1 out of 485 in the Software & IT Services industry. The latest institutional shareholding proportion is 102.86%, representing a quarter-over-quarter decrease of 5.92%. The largest institutional shareholder is The Vanguard, holding a total of 31.28M shares, representing 10.18% of shares outstanding, with 9.50% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Software & IT Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Confluent Inc is 4.94, ranking 236 out of 485 in the Software & IT Services industry. The company's beta value is 0.95. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.
