Currently, Concentrix Corporation [CNXC] is trading at $90.00, down -4.39%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNXC shares have lost -0.76% over the last week, with a monthly amount drifted -6.47%, and not seem to be holding up well over a long-time horizon.
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Sponsored
On 17, May 2023, Concentrix to Present at Upcoming Investor Conferences. In a post published today on Yahoo Finance, Concentrix Corporation (NASDAQ: CNXC), a leading global provider of customer experience (CX) solutions and technology, today announced management presentations at the following investor conferences:.
From an analyst’s perspective:
This stock has fluctuated between a low of $84.03 and a high of $163.43 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $160.00 within the next 12 months. Concentrix Corporation [NASDAQ: CNXC] shares were valued at $90.00 at the most recent close of the market. An investor can expect a potential return of 77.78% based on the average CNXC price forecast.
Analyzing the CNXC fundamentals
Recent quarter sales for Concentrix Corporation [NASDAQ:CNXC] were 1.64 billion which represents 6.50% growth. The company generates $20,078 in revenue per employee, while its income per employee is $1,360. Gross Margin for this corporation currently stands at +31.24% with Operating Margin at +11.23%, Pretax Margin comes in at +9.57%, and Net Margin reading is +6.77%. To continue investigating profitability, this company’s Return on Assets is posted at 7.31, Equity is 16.12, Total Capital is 15.19, and Invested Capital is 9.48. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 50.26 and enduring liabilities to the whole assets at 40.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 88.29 points at the first support level, and at 86.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.36, and for the 2nd resistance point, it is at 96.71.
Concentrix Corporation [CNXC] reported earnings per share of $2.38 for its fiscal quarter that ended on 2/27/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.41/share, meaning a difference of -$0.03 and a surprise factor of -1.20%. By comparison, the stated earnings for the previous quarter ended on 11/29/2022 were $3.01 per share as compared to estimates of $3.33 per share, a difference of -$0.32 representing a surprise of -9.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Concentrix Corporation [NASDAQ:CNXC] is 1.80. On the other hand, the Quick Ratio is 1.55, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 2.32 and the P/E (TTM) ratio is 11.44.
Transactions by insiders
The next item on our agenda is insider trading, which has seen 8 insider purchases totaling 20,374 shares and 3 insider sales totaling 10,000 shares over the past 3 months. Recent insider trading involved POLK DENNIS, Director, that happened on Mar 01 when 10000.0 shares were sold. EVP, Global Ops & Delivery, Twomey Cormac J completed a deal on Feb 02 to sell 3631.0 shares. Meanwhile, Director POLK DENNIS sold 10000.0 shares on Feb 01.