Witnessing the stock’s movement on the chart, on Wednesday, Concentrix Corp. (NASDAQ: CNXC) had a quiet start as it plunged -0.34% to $63.62, before settling in for the price of $63.84 at the close. Taking a more long-term approach, CNXC posted a 52-week range of $53.89-$106.10.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 27.09%. Meanwhile, its Annual Earning per share during the time was 43.54%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 2.26%. This publicly-traded company’s shares outstanding now amounts to $65.73 million, simultaneously with a float of $46.33 million. The organization now has a market capitalization sitting at $4.13 billion. At the time of writing, stock’s 50-day Moving Average stood at $67.81, while the 200-day Moving Average is $71.58.
Concentrix Corp. (CNXC) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Information Technology Services industry. Concentrix Corp.’s current insider ownership accounts for 28.67%, in contrast to 68.48% institutional ownership. According to the most recent insider trade that took place on Aug 29 ’24, this organization’s EVP, Global Ops & Delivery sold 400 shares at the rate of 74.63, making the entire transaction reach 29,852 in total value, affecting insider ownership by 29,327.
Concentrix Corp. (CNXC) Earnings and Revenue Records
Concentrix Corp.’s EPS increase for this current 12-month fiscal period is 2.26% and is forecasted to reach 12.99 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 7.50% through the next 5 years, which can be compared against the 43.54% growth it accomplished over the previous five years trading on the market.
Concentrix Corp. (NASDAQ: CNXC) Trading Performance Indicators
Let’s observe the current performance indicators for Concentrix Corp. (CNXC). It’s Quick Ratio in the last reported quarter now stands at 1.54. The Stock has managed to achieve an average true range (ATR) of 2.20. Alongside those numbers, its PE Ratio stands at $14.69, and its Beta score is 0.67. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.48. Similarly, its price to free cash flow for trailing twelve months is now 10.15.
In the same vein, CNXC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 4.33, a figure that is expected to reach 3.48 in the next quarter, and analysts are predicting that it will be 12.99 at the market close of one year from today.
Technical Analysis of Concentrix Corp. (CNXC)
Going through the that latest performance of [Concentrix Corp., CNXC]. Its last 5-days volume of 0.77 million indicated improvement to the volume of 0.48 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 23.39% While, its Average True Range was 2.07.
Raw Stochastic average of Concentrix Corp. (CNXC) in the period of the previous 100 days is set at 37.21%, which indicates a major rise in contrast to 12.43% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 21.35% that was lower than 34.35% volatility it exhibited in the past 100-days period.
