Market Insight: Concentra Group Holdings Parent Inc (CON)’s Notable Drop, Closing at 20.27

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In the latest session, Concentra Group Holdings Parent Inc (NYSE: CON) closed at $20.27 down -2.50% from its previous closing price of $20.79. In other words, the price has decreased by -$2.50 from its previous closing price. On the day, 0.64 million shares were traded. CON stock price reached its highest trading level at $20.61 during the session, while it also had its lowest trading level at $19.88.

Ratios:

For a deeper understanding of Concentra Group Holdings Parent Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.21. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.63.

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 October 07, 2024, Downgraded its rating to Neutral and sets its target price to $24 from $30.50 previously.

On August 20, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $33.

On August 19, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $27.Wells Fargo initiated its Overweight rating on August 19, 2024, with a $27 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 2566060544 and an Enterprise Value of 3399978240. Its current Enterprise Value per Revenue stands at 1.828 whereas that against EBITDA is 9.379.

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 -8.34%, while the 200-Day Moving Average is calculated to be -9.23%.

Shares Statistics:

For the past three months, CON has traded an average of 422.20K shares per day and 199220 over the past ten days. A total of 126.59M shares are outstanding, with a floating share count of 22.50M. Insiders hold about 82.23% of the company’s shares, while institutions hold 0.15% stake in the company. Shares short for CON as of 1728950400 were 2159802 with a Short Ratio of 5.12, compared to 1726185600 on 949381. Therefore, it implies a Short% of Shares Outstanding of 2159802 and a Short% of Float of 9.6.

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