Quarterly Snapshot: Quick and Current Ratios for Concentra Group Holdings Parent Inc (CON)

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The closing price of Concentra Group Holdings Parent Inc (NYSE: CON) was $19.56 for the day, up 0.41% from the previous closing price of $19.48. In other words, the price has increased by $0.41 from its previous closing price. On the day, 0.78 million shares were traded. CON stock price reached its highest trading level at $19.8 during the session, while it also had its lowest trading level at $19.04.

Ratios:

Our analysis of CON’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.52 and its Current Ratio is at 1.52. In the meantime, Its Debt-to-Equity ratio is 7.01 whereas as Long-Term Debt/Eq ratio is at 6.71.

On October 07, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $30.50 to $24.

On August 20, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $33.RBC Capital Mkts initiated its Outperform rating on August 20, 2024, with a $33 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 2490848512 and an Enterprise Value of 4325263872. Its current Enterprise Value per Revenue stands at 2.306 whereas that against EBITDA is 11.797.

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 -5.67%, while the 200-Day Moving Average is calculated to be -10.24%.

Shares Statistics:

CON traded an average of 827.88K shares per day over the past three months and 1117050 shares per day over the past ten days. A total of 127.34M shares are outstanding, with a floating share count of 108.81M. Insiders hold about 14.56% of the company’s shares, while institutions hold 32.78% stake in the company. Shares short for CON as of 1732838400 were 4117495 with a Short Ratio of 4.97, compared to 1730332800 on 2089044. Therefore, it implies a Short% of Shares Outstanding of 4117495 and a Short% of Float of 17.709999.

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