Concentrix Corp. [NASDAQ: CNXC] price surged by 0.66 percent to reach at $0.44.
The one-year CNXC stock forecast points to a potential upside of 25.24. The average equity rating for CNXC stock is currently 2.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Concentrix Corp. [CNXC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNXC shares is $88.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNXC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Concentrix Corp. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on March 27, 2024. While these analysts kept the previous recommendation, Redburn Atlantic raised their target price to Neutral. The new note on the price target was released on September 06, 2023, representing the official price target for Concentrix Corp. stock. Previously, the target price had yet another raise to $120, while Scotiabank analysts kept a Sector Outperform rating on CNXC stock.
The Average True Range (ATR) for Concentrix Corp. is set at 2.45, with the Price to Sales ratio for CNXC stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 3.14. Price to Free Cash Flow for CNXC in the course of the last twelve months was 13.26 with Quick ratio for the last quarter at 1.56.
CNXC Stock Performance Analysis:
Concentrix Corp. [CNXC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.42. With this latest performance, CNXC shares gained by 7.54% in over the last four-week period, additionally sinking by -32.04% over the last 6 months – not to mention a drop of -20.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNXC stock in for the last two-week period is set at 67.10, with the RSI for the last a single of trading hit 72.85, and the three-weeks RSI is set at 61.10 for Concentrix Corp. [CNXC]. The present Moving Average for the last 50 days of trading for this stock 60.80, while it was recorded at 64.35 for the last single week of trading, and 75.82 for the last 200 days.
Insight into Concentrix Corp. Fundamentals:
Concentrix Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.56 and a Current Ratio set at 1.54.
CNXC Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNXC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Concentrix Corp. go to 7.50%.
Concentrix Corp. [CNXC] Institutonal Ownership Details
The top three institutional holders of CNXC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CNXC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CNXC stock with ownership which is approximately 5.1238%.
