Investors finally get a glimpse of Concentrix Corp. (CNXC) volume hitting the figure of 0.39 million.

A new trading day began on Friday, with Concentrix Corp. (NASDAQ: CNXC) stock price down -1.67% from the previous day of trading, before settling in for the closing price of $62.82. CNXC’s price has ranged from $53.89 to $106.10 over the past 52 weeks.

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Annual sales at Technology sector company grew by 27.09% over the past five years. Meanwhile, its annual earnings per share averaged 4.06%. With a float of $47.27 million, this company’s outstanding shares have now reached $65.73 million.

Let’s look at the performance matrix of the company that is accounted for 440000 employees.

Concentrix Corp. (CNXC) Insider and Institutional Ownership

As we move forward, let’s examine how large-scale investors are investing in this stock of the Information Technology Services Industry. The insider ownership of Concentrix Corp. is 28.37%, while institutional ownership is 65.62%. The most recent insider transaction that took place on Apr 29 ’24, was worth 22,004. In this transaction EVP, Global Ops & Delivery of this company sold 400 shares at a rate of $55.01, taking the stock ownership to the 30,927 shares. Before that another transaction happened on Apr 19 ’24, when Company’s President and CEO bought 900 for $54.59, making the entire transaction worth $49,131. This insider now owns 239,128 shares in total.

Concentrix Corp. (CNXC) Latest Financial update

In its latest quarterly report, released on 2/29/2024, the company reported earnings of 2.69 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.22 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 4.06% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.25% during the next five years compared to 43.54% growth over the previous five years of trading.

Concentrix Corp. (NASDAQ: CNXC) Trading Performance Indicators

Here are Concentrix Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.56. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.52. Likewise, its price to free cash flow for the trailing twelve months is 12.34.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.86, a number that is poised to hit 2.63 in the next quarter and is forecasted to reach 13.21 in one year’s time.

Technical Analysis of Concentrix Corp. (CNXC)

Concentrix Corp. (NASDAQ: CNXC) saw its 5-day average volume 0.35 million, a negative change from its year-to-date volume of 0.52 million. As of the previous 9 days, the stock’s Stochastic %D was 30.14%. Additionally, its Average True Range was 2.08.

During the past 100 days, Concentrix Corp.’s (CNXC) raw stochastic average was set at 15.09%, which indicates a significant decrease from 31.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.68% in the past 14 days, which was lower than the 49.81% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $60.24, while its 200-day Moving Average is $77.65. Nevertheless, the first resistance level for the watch stands at $63.04 in the near term. At $64.31, the stock is likely to face the second major resistance level. The third major resistance level sits at $65.09. If the price goes on to break the first support level at $60.98, it is likely to go to the next support level at $60.20. The third support level lies at $58.93 if the price breaches the second support level.

Concentrix Corp. (NASDAQ: CNXC) Key Stats

With a market capitalization of 4.08 billion, the company has a total of 65,992K Shares Outstanding. Currently, annual sales are 7,115 M while annual income is 313,840 K. The company’s previous quarter sales were 2,403 M while its latest quarter income was 52,100 K.