For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
After finishing at $19.60 in the prior trading day, Concentra Group Holdings Parent Inc (NYSE: CON) closed at $19.50, down -0.51%. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 0.96 million shares were traded. CON stock price reached its highest trading level at $19.98 during the session, while it also had its lowest trading level at $19.41.
Ratios:
Our goal is to gain a better understanding of CON by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.52 and its Current Ratio is at 1.52. In the meantime, Its Debt-to-Equity ratio is 7.01 whereas as Long-Term Debt/Eq ratio is at 6.71.
On October 07, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $30.50 to $24.
On August 20, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $33.RBC Capital Mkts initiated its Outperform rating on August 20, 2024, with a $33 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CON now has a Market Capitalization of 2495941376 and an Enterprise Value of 4317623296. Its current Enterprise Value per Revenue stands at 2.302 whereas that against EBITDA is 11.777.
Stock Price History:
Over the past 52 weeks, CON has reached a high of $24.81, while it has fallen to a 52-week low of $18.89. The 50-Day Moving Average of the stock is -5.09%, while the 200-Day Moving Average is calculated to be -9.87%.
Shares Statistics:
The stock has traded on average 835.69K shares per day over the past 3-months and 801590 shares per day over the last 10 days, according to various share statistics. A total of 127.34M shares are outstanding, with a floating share count of 108.81M. Insiders hold about 14.56% of the company’s shares, while institutions hold 32.81% stake in the company. Shares short for CON as of 1734048000 were 3227990 with a Short Ratio of 3.86, compared to 1731628800 on 2024528. Therefore, it implies a Short% of Shares Outstanding of 3227990 and a Short% of Float of 13.88.
