Cit Inc Stock Today

CINT Stock  USD 6.73  0.10  1.46%   

Performance

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Odds Of Distress

Less than 6

 
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CiT is selling for under 6.73 as of the 24th of November 2024; that is 1.46 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 6.7. CiT has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for CiT Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of September 2024 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
10th of November 2021
Category
Technology
Classification
Information Technology
CIT Inc., together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises worldwide. The company was founded in 1995 and is headquartered in Campinas, Brazil. CIT Inc operates under SoftwareInfrastructure classification in the United States and is traded on New York Stock Exchange. The company has 22.46 M outstanding shares of which 140.9 K shares are currently shorted by private and institutional investors with about 2.92 trading days to cover. More on CiT Inc

Moving against CiT Stock

  0.41GB Global Blue GroupPairCorr

CiT Stock Highlights

ESG Sustainability
Environmental
Governance
Social
Executive PresidentFelipe Brito
Business ConcentrationApplication Software, Software - Infrastructure, Information Technology, NYSE Composite, OMX Stockholm Mid, OMX Stockholm, Jakarta Stock Exchange, Information Technology, Software, Software—Infrastructure, Technology (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.04640.0488
Notably Down
Very volatile
Asset Turnover0.780.8221
Notably Down
Slightly volatile
Gross Profit Margin0.240.3339
Way Down
Slightly volatile
Net Debt545.7 M866.8 M
Way Down
Slightly volatile
Total Current Liabilities766.4 M729.9 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total609.1 M965.1 M
Way Down
Slightly volatile
Total AssetsB2.7 B
Way Down
Slightly volatile
Total Current Assets519.9 M912.1 M
Way Down
Slightly volatile
Total Cash From Operating Activities310 M295.2 M
Sufficiently Up
Slightly volatile
Debt Levels
CiT can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand CiT's financial leverage. It provides some insight into what part of CiT's total assets is financed by creditors.
Liquidity
CiT Inc currently holds 1.05 B in liabilities with Debt to Equity (D/E) ratio of 0.71, which is about average as compared to similar companies. CiT Inc has a current ratio of 1.57, which is within standard range for the sector. Note, when we think about CiT's use of debt, we should always consider it together with its cash and equity.

Other Cashflows From Investing Activities

36.95 Million
CiT Inc (CINT) is traded on New York Stock Exchange in USA. It is located in Estrada Giuseppina Vianelli De Napoli, Campinas, SP, Brazil, 13086-530 and employs 6,235 people. CiT is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 906.49 M. CiT Inc conducts business under Software sector and is part of Information Technology industry. The entity has 22.46 M outstanding shares of which 140.9 K shares are currently shorted by private and institutional investors with about 2.92 trading days to cover. CiT Inc currently holds about 357.49 M in cash with 295.24 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.69.
Check CiT Probability Of Bankruptcy
Ownership Allocation
The majority of CiT Inc outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in CiT Inc to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in CiT. Please pay attention to any change in the institutional holdings of CiT Inc as this could imply that something significant has changed or is about to change at the company.
Check CiT Ownership Details

CiT Stock Institutional Holders

InstituionRecorded OnShares
State Street Corp2024-06-30
52.3 K
Commonwealth Equity Services Inc2024-06-30
50 K
Citadel Advisors Llc2024-09-30
46.4 K
Banco Btg Pactual S.a.2024-09-30
43.5 K
Jane Street Group Llc2024-06-30
33.2 K
Blackrock Inc2024-06-30
29.5 K
Gsa Capital Partners Llp2024-09-30
27 K
Bamco Inc2024-09-30
25.8 K
Envestnet Asset Management Inc2024-09-30
15.7 K
Advent International Lp2024-09-30
49.6 M
T. Rowe Price Associates, Inc.2024-06-30
3.3 M
View CiT Diagnostics

CiT Historical Income Statement

At this time, CiT's Interest Expense is comparatively stable compared to the past year. Other Operating Expenses is likely to gain to about 2 B in 2024, despite the fact that Net Interest Income is likely to grow to (83.8 M). View More Fundamentals

CiT Stock Against Markets

CiT Corporate Management

Cesar GonCEO DirectorProfile
Stanley RodriguesChief OfficerProfile
Carla BorgesChief OfficerProfile
Bruno GuicardiDirector OperationsProfile
Mars CyrilloExecutive DevelopmentProfile
Amin NunesEx LatamProfile

Additional Tools for CiT Stock Analysis

When running CiT's price analysis, check to measure CiT'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 CiT is operating at the current time. Most of CiT's value examination focuses on studying past and present price action to predict the probability of CiT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CiT's price. Additionally, you may evaluate how the addition of CiT to your portfolios can decrease your overall portfolio volatility.