Capita plc ( (GB:CPI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Capita plc’s stock is on the rise as the company reports a significant 17% increase in contract value and progress in its strategic transformation efforts. Despite facing a 4% drop in adjusted revenue and a pre-tax loss of £9.5 million, the company’s focus on cost savings and technological innovation is seen as a positive move towards achieving positive cash flow by the end of 2025. Analysts acknowledge the financial challenges but highlight the potential for growth due to the stock’s undervaluation and recent positive corporate developments, even though technical indicators are still weak.
More about Capita plc
YTD Price Performance: 36.95%
Average Trading Volume: 461,434
Technical Sentiment Signal: Buy
Current Market Cap: £327.6M
For further insights into CPI stock on TipRanks’ Stock Analysis page.
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