CNDT Stock Summary and Trading Ideas (Conduent | NASDAQ:CNDT)

Conduent Inc acts as a provider of business process services with expertise in transaction-intensive processing, analytics, and automation. The company provides industry-focused service offerings in growth markets such as Healthcare and Transportation as well as provides multi-industry services such as transaction processing, customer care, and payment services. It operates through three segments namely Commercial Industries which is the key revenue-driving segment, Government Services, and Transportation. The group operates its business in the United States, Europe, and Other areas of which the majority of revenue is generated in the United States.

Conduent trades on the NASDAQ stock market under the symbol CNDT.

As of April 19, 2024, CNDT stock price climbed to $3.06 with 784,939 million shares trading.

CNDT has a beta of 0.38, meaning it tends to be less sensitive to market movements. CNDT has a correlation of 0.01 to the broad based SPY ETF.

CNDT has a market cap of $642.52 million. This is considered a Small Cap stock.

Last quarter Conduent reported $953 million in Revenue and $.03 earnings per share. This beat revenue expectation by $23 million and missed earnings estimates by -$.01.

In the last 3 years, CNDT stock traded as high as $8.50 and as low as $2.40.

The top ETF exchange traded funds that CNDT belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

CNDT has underperformed the market in the last year with a price return of -9.2% while the SPY ETF gained +21.2%. CNDT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.1% and -5.6%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

CNDT support price is $2.95 and resistance is $3.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNDT stock will trade within this expected range on the day.