Confluent Stock Price on August 12, 2022
CFLT Stock | USD 30.52 0.31 1.03% |
If you're considering investing in Confluent Stock, it is important to understand the factors that can impact its price. As of today, the current price of Confluent stands at 30.52, as last reported on the 29th of March, with the highest price reaching 30.91 and the lowest price hitting 30.01 during the day. Confluent appears to be not too volatile, given 3 months investment horizon. Confluent secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing Confluent's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of Confluent's Downside Deviation of 2.21, mean deviation of 2.43, and Risk Adjusted Performance of 0.0602 to double-check if our risk estimates are consistent with your expectations.
Other Stockholder Equity is likely to gain to about 2.6 B in 2024, whereas Total Stockholder Equity is likely to drop slightly above 438.5 M in 2024. . At this time, Confluent's Price Book Value Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 1.80 in 2024, whereas Price To Operating Cash Flows Ratio is likely to drop (76.82) in 2024. Confluent Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Confluent |
Sharpe Ratio = 0.1182
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Estimated Market Risk
5.0 actual daily | 44 56% of assets are more volatile |
Expected Return
0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Confluent is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Confluent by adding it to a well-diversified portfolio.
Price Book 11.6498 | Enterprise Value Ebitda (20.13) | Price Sales 12.2803 | Shares Float 213.8 M | Wall Street Target Price 34.31 |
Confluent Valuation on August 12, 2022
It is possible to determine the worth of Confluent on a given historical date. On August 12, 2022 Confluent was worth 31.16 at the beginning of the trading date compared to the closed value of 33.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Confluent stock. Still, in general, we apply an absolute valuation method to find Confluent's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Confluent where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Confluent's related companies.
Open | High | Low | Close | Volume | |
33.05 | 33.43 | 30.00 | 30.95 | 3,283,100 | |
08/12/2022 | 31.16 | 33.33 | 30.75 | 33.30 | 2,213,200 |
32.92 | 33.35 | 31.73 | 33.04 | 1,653,800 |
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Confluent Trading Date Momentum on August 12, 2022
On August 15 2022 Confluent was traded for 33.04 at the closing time. The top price for the day was 33.35 and the lowest listed price was 31.73 . The trading volume for the day was 1.7 M. The trading history from August 15, 2022 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.78% . The overall trading delta against the current closing price is 15.65% . |
Confluent Fundamentals Correlations and Trends
By evaluating Confluent's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Confluent's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Confluent financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Confluent Stock history
Confluent investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Confluent is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Confluent will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Confluent stock prices may prove useful in developing a viable investing in Confluent
Last Reported | Projected for 2024 | ||
Common Stock Shares Outstanding | 300.7 M | 268 M | |
Net Loss | -407.3 M | -427.7 M |
Confluent Quarterly Net Working Capital |
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Confluent Stock Technical Analysis
Confluent technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Confluent Period Price Range
Low | August 12, 2022
| High |
31.16 | 33.30 |
Confluent March 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Confluent stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Confluent shares will generate the highest return on investment. By undertsting and applying Confluent stock market strength indicators, traders can identify Confluent entry and exit signals to maximize returns
Accumulation Distribution | 171319.0 | |||
Daily Balance Of Power | 0.8295 | |||
Rate Of Daily Change | 1.07 | |||
Day Median Price | 32.04 | |||
Day Typical Price | 32.46 | |||
Price Action Indicator | 2.33 | |||
Period Momentum Indicator | (2.78) |
Confluent Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Confluent's price direction in advance. Along with the technical and fundamental analysis of Confluent Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Confluent to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0602 | |||
Jensen Alpha | 0.2023 | |||
Total Risk Alpha | (0.65) | |||
Sortino Ratio | 0.1416 | |||
Treynor Ratio | 0.2322 |
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Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Confluent. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Confluent Stock please use our How to Invest in Confluent guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Confluent Stock analysis
When running Confluent's price analysis, check to measure Confluent's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Confluent is operating at the current time. Most of Confluent's value examination focuses on studying past and present price action to predict the probability of Confluent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Confluent's price. Additionally, you may evaluate how the addition of Confluent to your portfolios can decrease your overall portfolio volatility.
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Is Confluent's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Confluent. If investors know Confluent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Confluent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.47) | Revenue Per Share 2.584 | Quarterly Revenue Growth 0.264 | Return On Assets (0.11) | Return On Equity (0.56) |
The market value of Confluent is measured differently than its book value, which is the value of Confluent that is recorded on the company's balance sheet. Investors also form their own opinion of Confluent's value that differs from its market value or its book value, called intrinsic value, which is Confluent's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Confluent's market value can be influenced by many factors that don't directly affect Confluent's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Confluent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Confluent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Confluent's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.