In the past week, CNXC stock has gone down by -8.98%, with a monthly decline of -28.01% and a quarterly plunge of -32.08%. The volatility ratio for the week is 3.73%, and the volatility levels for the last 30 days are 4.08% for Concentrix Corp. The simple moving average for the last 20 days is -6.99% for CNXC stock, with a simple moving average of -31.23% for the last 200 days.
Is It Worth Investing in Concentrix Corp. (NASDAQ: CNXC) Right Now?
Concentrix Corp. (NASDAQ: CNXC) has a higher price-to-earnings ratio of 14.83x compared to its average ratio. CNXC has 36-month beta value of 0.65. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CNXC is 46.15M, and currently, short sellers hold a 10.82% ratio of that float. The average trading volume of CNXC on October 25, 2024 was 666.37K shares.
CNXC) stock’s latest price update
The stock of Concentrix Corp. (NASDAQ: CNXC) has increased by 2.48 when compared to last closing price of 44.69. Despite this, the company has experienced a -8.98% fall in its stock price over the last five trading sessions. benzinga.com reported 2024-09-26 that U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Thursday.
Analysts’ Opinion of CNXC
Many brokerage firms have already submitted their reports for CNXC stocks, with Robert W. Baird repeating the rating for CNXC by listing it as a “Outperform.” The predicted price for CNXC in the upcoming period, according to Robert W. Baird is $70 based on the research report published on October 03, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see CNXC reach a price target of $85, previously predicting the price at $65. The rating they have provided for CNXC stocks is “Neutral” according to the report published on August 28th, 2024.
BofA Securities gave a rating of “Underperform” to CNXC, setting the target price at $60 in the report published on March 27th of the current year.
CNXC Trading at -24.51% from the 50-Day Moving Average
After a stumble in the market that brought CNXC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.83% of loss for the given period.
Volatility was left at 4.08%, however, over the last 30 days, the volatility rate increased by 3.73%, as shares sank -11.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.09% lower at present.
During the last 5 trading sessions, CNXC fell by -8.98%, which changed the moving average for the period of 200-days by -52.49% in comparison to the 20-day moving average, which settled at $49.24. In addition, Concentrix Corp. saw -53.37% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNXC starting from Caldwell Christopher A, who sale 9,823 shares at the price of $52.70 back on Oct 04 ’24. After this action, Caldwell Christopher A now owns 241,841 shares of Concentrix Corp., valued at $517,708 using the latest closing price.
Caldwell Christopher A, the Officer of Concentrix Corp., proposed sale 9,823 shares at $51.70 during a trade that took place back on Oct 04 ’24, which means that Caldwell Christopher A is holding shares at $507,849 based on the most recent closing price.
Stock Fundamentals for CNXC
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.32 for the gross margin
The net margin for Concentrix Corp. stands at 0.02. The total capital return value is set at 0.07. Equity return is now at value 5.61, with 1.92 for asset returns.
Based on Concentrix Corp. (CNXC), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is 2.19.
Currently, EBITDA for the company is 997.53 million with net debt to EBITDA at 3.57. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 4.86for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
To put it simply, Concentrix Corp. (CNXC) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
