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The closing price of Concentrix Corp (NASDAQ: CNXC) was $48.78 for the day, up 2.76% from the previous closing price of $47.47. In other words, the price has increased by $2.76 from its previous closing price. On the day, 2.01 million shares were traded. CNXC stock price reached its highest trading level at $50.2 during the session, while it also had its lowest trading level at $45.7.
Ratios:
Our analysis of CNXC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.57 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 1.17 whereas as Long-Term Debt/Eq ratio is at 1.17.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 30 ’24 when Twomey Cormac J sold 500 shares for $44.05 per share. The transaction valued at 22,025 led to the insider holds 23,936 shares of the business.
CORMAC TWOMEY bought 500 shares of CNXC for $22,025 on Dec 30 ’24. On Nov 29 ’24, another insider, Twomey Cormac J, who serves as the EVP, Global Ops & Delivery of the company, sold 500 shares for $45.15 each. As a result, the insider received 22,575 and left with 24,436 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 3133529600 and an Enterprise Value of 8635013120. As of this moment, Concentrix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.14, and their Forward P/E ratio for the next fiscal year is 3.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.83. 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. Its current Enterprise Value per Revenue stands at 0.918 whereas that against EBITDA is 5.938.
Stock Price History:
The Beta on a monthly basis for CNXC is 0.69, which has changed by -0.5211339 over the last 52 weeks, in comparison to a change of 0.22677135 over the same period for the S&P500. 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 12.64%, while the 200-Day Moving Average is calculated to be -13.75%.
Shares Statistics:
CNXC traded an average of 692.94K shares per day over the past three months and 705900 shares per day over the past ten days. A total of 64.24M shares are outstanding, with a floating share count of 46.11M. Insiders hold about 28.86% of the company’s shares, while institutions hold 70.29% stake in the company. Shares short for CNXC as of 1735603200 were 7152709 with a Short Ratio of 10.32, compared to 1732838400 on 6334332. Therefore, it implies a Short% of Shares Outstanding of 7152709 and a Short% of Float of 15.290000000000001.
