Concentrix Corp [NASDAQ: CNXC] stock went on a downward path that fall over -0.41% on Wednesday, amounting to a one-week price increase of more than 5.38%.
Over the last 12 months, CNXC stock dropped by -53.03%. The one-year Concentrix Corp stock forecast points to a potential upside of 36.82. The average equity rating for CNXC stock is currently 1.83, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.96 billion, with 64.39 million shares outstanding and 46.11 million shares in the current float. Compared to the average trading volume of 712.59K shares, CNXC stock reached a trading volume of 498607 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $72.17 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 1.83. 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.
Robert W. Baird have made an estimate for Concentrix Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 03, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $65 to $85. The new note on the price target was released on August 28, 2024, representing the official price target for Concentrix Corp stock. Previously, the target price had yet another drop from $85 to $60, while BofA Securities kept a Underperform rating on CNXC stock.
The Average True Range (ATR) for Concentrix Corp is set at 1.97, with the Price to Sales ratio for CNXC stock in the period of the last 12 months amounting to 0.31. The Price to Book ratio for the last quarter was 0.70, with the Price to Cash per share for the same quarter was set at 6.82. Price to Free Cash Flow for CNXC in the course of the last twelve months was 8.02 with Quick ratio for the last quarter at 1.57.
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 5.38. With this latest performance, CNXC shares gained by 5.36% in over the last four-week period, additionally sinking by -31.84% over the last 6 months – not to mention a drop of -53.03% 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 57.10, with the RSI for the last a single of trading hit 61.05, and the three-weeks RSI is set at 53.45 for Concentrix Corp [CNXC]. The present Moving Average for the last 50 days of trading for this stock 42.94, while it was recorded at 45.45 for the last single week of trading, and 56.98 for the last 200 days.
Insight into Concentrix Corp Fundamentals:
Concentrix Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.57 and a Current Ratio set at 1.57.
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 7.16%.
Concentrix Corp [CNXC] Institutonal Ownership Details
There are presently around $84.56%, or 99.71%% of CNXC stock, in the hands of institutional investors. The top three institutional holders of CNXC stocks are: GROUPE BRUXELLES LAMBERT with ownership of 8.77 million shares, which is approximately 13.4421%. FMR LLC, holding 7.38 million shares of the stock with an approximate value of $$466.95 million in CNXC stocks shares; and FMR LLC, currently with $$331.57 million in CNXC stock with ownership which is approximately 8.0278%.
