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After finishing at $63.84 in the prior trading day, Concentrix Corp. (NASDAQ: CNXC) closed at $63.62, down -0.34%. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 1.0 million shares were traded. CNXC stock price reached its highest trading level at $64.64 during the session, while it also had its lowest trading level at $63.1.
Ratios:
Our goal is to gain a better understanding of CNXC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.54 and its Current Ratio is at 1.54. In the meantime, Its Debt-to-Equity ratio is 1.42 whereas as Long-Term Debt/Eq ratio is at 1.36.
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 the company, BofA Securities on August 28, 2024, Upgraded its rating to Neutral and sets its target price to $85 from $65 previously.
On March 27, 2024, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $85 to $60.
On September 06, 2023, Redburn Atlantic started tracking the stock assigning a Neutral rating and target price of $70.Redburn Atlantic initiated its Neutral rating on September 06, 2023, with a $70 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 29 ’24 when Twomey Cormac J sold 400 shares for $74.63 per share. The transaction valued at 29,852 led to the insider holds 29,327 shares of the business.
CORMAC TWOMEY bought 400 shares of CNXC for $29,852 on Aug 29 ’24. On Jul 29 ’24, another insider, Twomey Cormac J, who serves as the EVP, Global Ops & Delivery of the company, sold 400 shares for $67.23 each. As a result, the insider received 26,892 and left with 29,727 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 4132806144 and an Enterprise Value of 9758194688. As of this moment, Concentrix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.69, and their Forward P/E ratio for the next fiscal year is 4.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 1.128 whereas that against EBITDA is 7.242.
Stock Price History:
Over the past 52 weeks, CNXC has reached a high of $106.10, while it has fallen to a 52-week low of $53.89. The 50-Day Moving Average of the stock is -6.42%, while the 200-Day Moving Average is calculated to be -11.32%.
Shares Statistics:
The stock has traded on average 434.64K shares per day over the past 3-months and 669040 shares per day over the last 10 days, according to various share statistics. A total of 65.73M shares are outstanding, with a floating share count of 46.33M. Insiders hold about 28.67% of the company’s shares, while institutions hold 68.48% stake in the company. Shares short for CNXC as of 1724976000 were 3131169 with a Short Ratio of 7.35, compared to 1722384000 on 2496290. Therefore, it implies a Short% of Shares Outstanding of 3131169 and a Short% of Float of 6.670000399999999.
Dividends & Splits
In the trailing 12 months, CNXC’s forward annual dividend rate was 1.183, compared to 1.21 this year. Against a Trailing Annual Dividend Yield of 0.0185307
