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After finishing at $42.31 in the prior trading day, Concentrix Corp (NASDAQ: CNXC) closed at $42.16, down -0.35%. In other words, the price has decreased by -$0.35 from its previous closing price. On the day, 0.58 million shares were traded. CNXC stock price reached its highest trading level at $42.8797 during the session, while it also had its lowest trading level at $42.04.
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 6.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.57 and its Current Ratio is at 1.57. 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:
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 Nov 29 ’24 when Twomey Cormac J sold 500 shares for $45.15 per share. The transaction valued at 22,575 led to the insider holds 24,436 shares of the business.
CORMAC TWOMEY bought 500 shares of CNXC for $22,575 on Nov 29 ’24. On Oct 29 ’24, another insider, Twomey Cormac J, who serves as the EVP, Global Ops & Delivery of the company, sold 500 shares for $44.18 each. As a result, the insider received 22,090 and left with 24,936 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 2732756480 and an Enterprise Value of 8290825216. As of this moment, Concentrix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.65, and their Forward P/E ratio for the next fiscal year is 3.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 0.882 whereas that against EBITDA is 5.702.
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 $36.28. The 50-Day Moving Average of the stock is -4.46%, while the 200-Day Moving Average is calculated to be -27.81%.
Shares Statistics:
The stock has traded on average 868.46K shares per day over the past 3-months and 596330 shares per day over the last 10 days, according to various share statistics. A total of 64.39M shares are outstanding, with a floating share count of 46.11M. Insiders hold about 28.86% of the company’s shares, while institutions hold 70.27% stake in the company. Shares short for CNXC as of 1732838400 were 6334332 with a Short Ratio of 7.29, compared to 1730332800 on 6312283. Therefore, it implies a Short% of Shares Outstanding of 6334332 and a Short% of Float of 13.54.
Dividends & Splits
In the trailing 12 months, CNXC’s forward annual dividend rate was 1.21, compared to 1.24 this year. Against a Trailing Annual Dividend Yield of 0.02859844
