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Concentrix Corp. (NASDAQ: CNXC) closed the day trading at $51.56 up 0.04% from the previous closing price of $51.54. In other words, the price has increased by $0.04 from its previous closing price. On the day, 2.13 million shares were traded. CNXC stock price reached its highest trading level at $53.0 during the session, while it also had its lowest trading level at $50.23.
Ratios:
For a better understanding of CNXC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.22. For the most recent quarter (mrq), Quick Ratio is recorded 1.54 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 1.18.
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 3320154624 and an Enterprise Value of 7985636864. As of this moment, Concentrix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.70, and their Forward P/E ratio for the next fiscal year is 4.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 0.849 whereas that against EBITDA is 5.764.
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 $51.02. The 50-Day Moving Average of the stock is -23.56%, while the 200-Day Moving Average is calculated to be -27.75%.
Shares Statistics:
Over the past 3-months, CNXC traded about 518.97K shares per day on average, while over the past 10 days, CNXC traded about 1355730 shares per day. A total of 65.73M shares are outstanding, with a floating share count of 46.42M. Insiders hold about 28.54% of the company’s shares, while institutions hold 68.48% stake in the company. Shares short for CNXC as of 1726185600 were 3195635 with a Short Ratio of 6.16, compared to 1723680000 on 3030359. Therefore, it implies a Short% of Shares Outstanding of 3195635 and a Short% of Float of 6.81.
Dividends & Splits
CNXC’s forward annual dividend rate is 1.21, up from 1.21 a year ago. Against a Trailing Annual Dividend Yield of 0.023476912
