Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Concentrix Corp (NASDAQ: CNXC) closed at $48.99 down -0.89% from its previous closing price of $49.43. In other words, the price has decreased by -$0.89 from its previous closing price. On the day, 0.58 million shares were traded.
Ratios:
For a deeper understanding of Concentrix Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.36. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 29 ’25 when Twomey Cormac J sold 500 shares for $55.60 per share. The transaction valued at 27,800 led to the insider holds 41,111 shares of the business.
CORMAC TWOMEY bought 500 shares of CNXC for $27,800 on Jan 29 ’25. On Jan 22 ’25, another insider, Hayley Kathryn, who serves as the Director of the company, bought 500 shares for $50.22 each. As a result, the insider paid 25,110 and bolstered with 3,034 shares of the company.
Valuation Measures:
As of this moment, Concentrix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.20, and their Forward P/E ratio for the next fiscal year is 3.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33 while its Price-to-Book (P/B) ratio in mrq is 0.78.
Stock Price History:
Over the past 52 weeks, CNXC has reached a high of $86.55, while it has fallen to a 52-week low of $36.28. The 50-Day Moving Average of the stock is 6.53%, while the 200-Day Moving Average is calculated to be -12.71%.
Shares Statistics:
A total of 64.24M shares are outstanding, with a floating share count of 45.69M. Insiders hold about 29.06% of the company’s shares, while institutions hold 71.37% stake in the company.
