Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Concentrix Corp’s stock clocked out at $43.32, down -2.17% from its previous closing price of $44.28. In other words, the price has decreased by -$2.17 from its previous closing price. On the day, 0.53 million shares were traded. CNXC stock price reached its highest trading level at $45.05 during the session, while it also had its lowest trading level at $42.66.
Ratios:
To gain a deeper understanding of CNXC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.50. For the most recent quarter (mrq), Quick Ratio is recorded 1.42 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 1.39 whereas as Long-Term Debt/Eq ratio is at 1.33.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Robert W. Baird on October 03, 2024, initiated with a Outperform rating and assigned the stock a target price of $70.
On August 28, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $65 to $85.
BofA Securities Downgraded its Neutral to Underperform on March 27, 2024, whereas the target price for the stock was revised from $85 to $60.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 28 ’25 when Twomey Cormac J sold 500 shares for $45.14 per share. The transaction valued at 22,570 led to the insider holds 39,630 shares of the business.
CORMAC TWOMEY bought 500 shares of CNXC for $22,570 on Feb 28 ’25. On Jan 29 ’25, another insider, Twomey Cormac J, who serves as the EVP, Global Ops & Delivery of the company, sold 500 shares for $55.60 each. As a result, the insider received 27,800 and left with 41,111 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNXC now has a Market Capitalization of 2787113472 and an Enterprise Value of 8154019328. As of this moment, Concentrix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.67, and their Forward P/E ratio for the next fiscal year is 3.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 0.848 whereas that against EBITDA is 5.616.
Stock Price History:
The Beta on a monthly basis for CNXC is 0.73, which has changed by -0.28667873 over the last 52 weeks, in comparison to a change of 0.07903516 over the same period for the S&P500. Over the past 52 weeks, CNXC has reached a high of $77.00, while it has fallen to a 52-week low of $36.28. The 50-Day Moving Average of the stock is -8.66%, while the 200-Day Moving Average is calculated to be -20.31%.
Shares Statistics:
It appears that CNXC traded 745.41K shares on average per day over the past three months and 733720 shares per day over the past ten days. A total of 64.24M shares are outstanding, with a floating share count of 45.53M. Insiders hold about 29.24% of the company’s shares, while institutions hold 76.27% stake in the company. Shares short for CNXC as of 1740700800 were 8212787 with a Short Ratio of 11.02, compared to 1738281600 on 7898955. Therefore, it implies a Short% of Shares Outstanding of 8212787 and a Short% of Float of 15.299999999999999.
Dividends & Splits
With its trailing 12-month dividend rate of 1.24, CNXC has a forward annual dividend rate of 1.27. Against a Trailing Annual Dividend Yield of 0.028003614
