The stock of Concentra Group Holdings Parent Inc (NYSE: CON) has increased by 3.35 when compared to last closing price of 20.27.Despite this, the company has seen a gain of 1.70% in its stock price over the last five trading days. prnewswire.com reported 2024-11-19 that NEW YORK, Nov. 19, 2024 /PRNewswire/ — S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Flex Ltd (NASD: FLEX) will replace Azenta Inc. (NASD: AZTA) in the S&P MidCap 400, and Azenta will replace Envestnet Inc. (NYSE: ENV) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 25. Bain Capital is acquiring Envestnet in a deal expected to be completed soon, pending final closing conditions.
Is It Worth Investing in Concentra Group Holdings Parent Inc (NYSE: CON) Right Now?
There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CON is 21.98M and currently, short sellers hold a 9.50% ratio of that float. The average trading volume of CON on November 20, 2024 was 388.25K shares.
CON’s Market Performance
CON stock saw a decrease of 1.70% in the past week, with a monthly decline of -1.13% and a quarterly a decrease of -9.42%. The volatility ratio for the week is 3.16%, and the volatility levels for the last 30 days are 3.91% for Concentra Group Holdings Parent Inc (CON). The simple moving average for the past 20 days is 3.01% for CON’s stock, with a -4.66% simple moving average for the past 200 days.
Analysts’ Opinion of CON
Many brokerage firms have already submitted their reports for CON stocks, with BofA Securities repeating the rating for CON by listing it as a “Neutral.” The predicted price for CON in the upcoming period, according to BofA Securities is $24 based on the research report published on October 07, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see CON reach a price target of $33. The rating they have provided for CON stocks is “Outperform” according to the report published on August 20th, 2024.
Wells Fargo gave a rating of “Overweight” to CON, setting the target price at $27 in the report published on August 19th of the current year.
CON Trading at -1.07% from the 50-Day Moving Average
After a stumble in the market that brought CON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.54% of loss for the given period.
Volatility was left at 3.91%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares sank -2.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.25% lower at present.
During the last 5 trading sessions, CON rose by +1.63%, in comparison to the 20-day moving average, which settled at $20.34. In addition, Concentra Group Holdings Parent Inc saw -6.81% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CON
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.26 for the gross margin
The net margin for Concentra Group Holdings Parent Inc stands at 0.06. The total capital return value is set at 0.13.
Based on Concentra Group Holdings Parent Inc (CON), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 5.6. The interest coverage ratio of the stock is 2.38.
Currently, EBITDA for the company is 360.15 million with net debt to EBITDA at 5.02. When we switch over and look at the enterprise to sales, we see a ratio of 2.38. The receivables turnover for the company is 8.08for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.52.
Conclusion
In conclusion, Concentra Group Holdings Parent Inc (CON) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
