The price of Confluent Inc (NASDAQ:CFLT) shares last traded on Wall Street fell -0.99% to $21.10.
CFLT stock price is now -16.92% away from the 50-day moving average and -20.03% away from the 200-day moving average. The market capitalization of the company currently stands at $6.70B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $25, JP Morgan recently Upgraded its rating from Neutral to Overweight for Confluent Inc (NASDAQ: CFLT). On June 11, 2024, Evercore ISI recently initiated its ‘Outperform’ rating on the stock quoting a target price of $35, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, EDWARD JAY KREPS, Director bought 232,500 shares of the company’s stock on Aug 14 ’24. The stock was bought for $4,954,575 at an average price of $21.31. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 13 ’24, Shareholder Yucca (Jersey) SLP bought 12,070 shares of the business’s stock. A total of $243,573 was incurred on buying the stock at an average price of $20.18. A total of 26.42% of the company’s stock is owned by insiders.
During the past 12 months, Confluent Inc has had a low of $14.69 and a high of $35.22. As of last week, the company has a debt-to-equity ratio of 1.27, a current ratio of 4.35, and a quick ratio of 4.35. The fifty day moving average price for CFLT is $25.3025 and a two-hundred day moving average price translates $26.3571 for the stock.
The latest earnings results from Confluent Inc (NASDAQ: CFLT) was released for 2024-06-30. The net profit margin was -42.70% and return on equity was -45.21% for CFLT. The company reported revenue of $234.99 million for the quarter, compared to $189.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.14 percent.
