Concentrix Corp (NASDAQ: CNXC) on Friday, plunged -3.77% from the previous trading day, before settling in for the closing price of $39.79. Within the past 52 weeks, CNXC’s price has moved between $39.39 and $106.10.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Technology sector company grew by 27.09% over the past five years. The company achieved an average annual earnings per share of -2.33%. With a float of $46.10 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. In terms of profitability, gross margin is 32.34%, operating margin of 7.38%, and the pretax margin is 2.8%.
Concentrix Corp (CNXC) Insider Updates
Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Concentrix Corp is 28.86%, while institutional ownership is 70.14%. The most recent insider transaction that took place on Oct 29 ’24, was worth 22,090. In this transaction EVP, Global Ops & Delivery of this company sold 500 shares at a rate of $44.18, taking the stock ownership to the 24,936 shares. Before that another transaction happened on Oct 29 ’24, when Company’s Officer proposed sale 500 for $44.18, making the entire transaction worth $22,090.
Concentrix Corp (CNXC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -2.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.16% during the next five years compared to 43.54% growth over the previous five years of trading.
Concentrix Corp (NASDAQ: CNXC) Trading Performance Indicators
Concentrix Corp (CNXC) is currently performing well based on its current performance indicators. A quick ratio of 1.57 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.25. Likewise, its price to free cash flow for the trailing twelve months is 6.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.09, a number that is poised to hit 3.07 in the next quarter and is forecasted to reach 12.31 in one year’s time.
Technical Analysis of Concentrix Corp (CNXC)
Concentrix Corp (NASDAQ: CNXC) saw its 5-day average volume 0.61 million, a positive change from its year-to-date volume of 0.56 million. As of the previous 9 days, the stock’s Stochastic %D was 7.17%. Additionally, its Average True Range was 1.84.
During the past 100 days, Concentrix Corp’s (CNXC) raw stochastic average was set at 0.91%, which indicates a significant decrease from 4.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.87% in the past 14 days, which was lower than the 50.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $51.33, while its 200-day Moving Average is $62.39. Nevertheless, the first resistance level for the watch stands at $39.65 in the near term. At $41.02, the stock is likely to face the second major resistance level. The third major resistance level sits at $41.88. If the price goes on to break the first support level at $37.43, it is likely to go to the next support level at $36.57. Assuming the price breaks the second support level, the third support level stands at $35.21.
Concentrix Corp (NASDAQ: CNXC) Key Stats
Market capitalization of the company is 2.39 billion based on 64,819K outstanding shares. Right now, sales total 7,115 M and income totals 313,840 K. The company made 2,387 M in profit during its latest quarter, and 16,630 K in sales during its previous quarter.
