A new trading day began on Tuesday, with Concentrix Corp. (NASDAQ: CNXC) stock price up 3.40% from the previous day of trading, before settling in for the closing price of $63.78. CNXC’s price has ranged from $53.89 to $106.10 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 27.09% over the last five years. Meanwhile, its annual earnings per share averaged 2.52%. With a float of $47.27 million, this company’s outstanding shares have now reached $65.73 million.
The firm has a total of 440000 workers. Let’s measure their productivity.
Concentrix Corp. (CNXC) Insider Activity
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 65.43%. The most recent insider transaction that took place on Jun 28 ’24, was worth 25,284. In this transaction EVP, Global Ops & Delivery of this company sold 400 shares at a rate of $63.21, taking the stock ownership to the 30,127 shares. Before that another transaction happened on May 29 ’24, when Company’s EVP, Global Ops & Delivery sold 400 for $61.28, making the entire transaction worth $24,512. This insider now owns 30,527 shares in total.
Concentrix Corp. (CNXC) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 2.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.50% 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 0.50. Likewise, its price to free cash flow for the trailing twelve months is 13.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.33, a number that is poised to hit 2.93 in the next quarter and is forecasted to reach 13.16 in one year’s time.
Technical Analysis of Concentrix Corp. (CNXC)
Analysing the last 5-days average volume posted by the [Concentrix Corp., CNXC], we can find that recorded value of 0.88 million was better than the volume posted last year of 0.52 million. As of the previous 9 days, the stock’s Stochastic %D was 78.96%. Additionally, its Average True Range was 2.51.
During the past 100 days, Concentrix Corp.’s (CNXC) raw stochastic average was set at 38.33%, which indicates a significant decrease from 96.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.59% in the past 14 days, which was higher than the 43.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $60.58, while its 200-day Moving Average is $75.86. Now, the first resistance to watch is $66.94. This is followed by the second major resistance level at $67.93. The third major resistance level sits at $69.52. If the price goes on to break the first support level at $64.36, it is likely to go to the next support level at $62.77. Should the price break the second support level, the third support level stands at $61.78.
Concentrix Corp. (NASDAQ: CNXC) Key Stats
With a market capitalization of 4.35 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 2,381 M while its latest quarter income was 66,830 K.
