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.”
The public float for CON is 21.98M, and at present, short sellers hold a 9.50% of that float. The average trading volume of CON on November 26, 2024 was 429.15K shares.
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CON) stock’s latest price update
Concentra Group Holdings Parent Inc (NYSE: CON) has experienced a rise in its stock price by 4.47 compared to its previous closing price of 22.13. However, the company has seen a gain of 14.06% in its stock price over the last five trading days. prnewswire.com reported 2024-11-25 that MECHANICSBURG, Pa., Nov. 25, 2024 /PRNewswire/ — Select Medical Holdings Corporation (“Select Medical,” “we,” “us,” or “our”) (NYSE: SEM) today announced that we have completed our previously announced distribution (the “Distribution”) of 104,093,503 shares of common stock of Concentra Group Holdings Parent, Inc. (“Concentra”) (NYSE: CON) owned by Select Medical Corporation (“SMC”), a wholly owned subsidiary of Select Medical, representing approximately 81.7% of the outstanding shares of Concentra’s common stock.
CON’s Market Performance
Concentra Group Holdings Parent Inc (CON) has seen a 14.06% rise in stock performance for the week, with a 11.10% gain in the past month and a -0.13% plunge in the past quarter. The volatility ratio for the week is 4.55%, and the volatility levels for the past 30 days are at 4.28% for CON. The simple moving average for the past 20 days is 12.07% for CON’s stock, with a 5.16% 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 9.52% 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 -6.79% of loss for the given period.
Volatility was left at 4.28%, however, over the last 30 days, the volatility rate increased by 4.55%, as shares surge +13.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.36% lower at present.
During the last 5 trading sessions, CON rose by +12.95%, in comparison to the 20-day moving average, which settled at $20.62. In addition, Concentra Group Holdings Parent Inc saw 2.85% in overturn over a single year, with a tendency to cut further gains.
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 2.54. 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 summary, Concentra Group Holdings Parent Inc (CON) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
