In the past week, CNXC stock has gone down by -2.19%, with a monthly decline of -11.96% and a quarterly plunge of -41.05%. The volatility ratio for the week is 4.83%, and the volatility levels for the last 30 days are 3.94% for Concentrix Corp The simple moving average for the past 20 days is -4.78% for CNXC’s stock, with a -35.52% simple moving average for the past 200 days.
Is It Worth Investing in Concentrix Corp (NASDAQ: CNXC) Right Now?
The price-to-earnings ratio for Concentrix Corp (NASDAQ: CNXC) is 12.87x, which is above its average ratio. Moreover, the 36-month beta value for CNXC is 0.64. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for CNXC is 46.10M and currently, short sellers hold a 13.69% of that float. On November 21, 2024, CNXC’s average trading volume was 741.96K shares.
CNXC) stock’s latest price update
The stock price of Concentrix Corp (NASDAQ: CNXC) has jumped by 6.71 compared to previous close of 37.26. Despite this, the company has seen a fall of -2.19% in its stock price over the last five trading days. zacks.com reported 2024-11-12 that BRKR, CMC and CNXC have been added to the Zacks Rank #5 (Strong Sell) List on November 12, 2024.
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 -19.60% 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 -62.53% of loss for the given period.
Volatility was left at 3.94%, however, over the last 30 days, the volatility rate increased by 4.83%, as shares sank -11.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.95% lower at present.
During the last 5 trading sessions, CNXC fell by -2.19%, which changed the moving average for the period of 200-days by -53.89% in comparison to the 20-day moving average, which settled at $41.75. In addition, Concentrix Corp saw -59.52% 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 Twomey Cormac J, who sale 500 shares at the price of $44.18 back on Oct 29 ’24. After this action, Twomey Cormac J now owns 24,936 shares of Concentrix Corp, valued at $22,090 using the latest closing price.
CORMAC TWOMEY, the Officer of Concentrix Corp, proposed sale 500 shares at $44.18 during a trade that took place back on Oct 29 ’24, which means that CORMAC TWOMEY is holding shares at $22,090 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 1.12 billion with net debt to EBITDA at 4.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.77. 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 wrap up, the performance of Concentrix Corp (CNXC) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
