A share price of Concentrix Corp. [CNXC] is currently trading at $59.22, down -1.63%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CNXC shares have gain 0.46% over the last week, with a monthly amount drifted -6.48%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Concentrix Corp. [NASDAQ: CNXC] stock has seen the most recent analyst activity on March 27, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $60 from $85. Previously, Redburn Atlantic started tracking the stock with Neutral rating on September 06, 2023, and set its price target to $70. On August 24, 2023, Scotiabank initiated with a Sector Outperform rating and assigned a price target of $120 on the stock. BofA Securities downgraded its rating to a Neutral. Canaccord Genuity initiated its recommendation with a Buy and recommended $150 as its price target on April 12, 2023. Barrington Research started tracking with a Outperform rating for this stock on June 15, 2021, and assigned it a price target of $182. In a note dated January 08, 2021, Cross Research initiated an Buy rating and provided a target price of $115 on this stock.
Concentrix Corp. experienced fluctuations in its stock price throughout the past year between $56.81 and $113.65. Currently, Wall Street analysts expect the stock to reach $183 within the next 12 months. Concentrix Corp. [NASDAQ: CNXC] shares were valued at $59.22 at the most recent close of the market. An investor can expect a potential return of 209.02% based on the average CNXC price forecast.
Analyzing the CNXC fundamentals
Trailing Twelve Months sales for Concentrix Corp. [NASDAQ:CNXC] were 7.88B which represents 46.83% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.28.
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 58.16 points at the first support level, and at 57.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.10, and for the 2nd resistance point, it is at 60.99.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Concentrix Corp. [NASDAQ:CNXC] is 1.56. In addition, the Quick Ratio stands at 1.56 and the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 0.95 and price to earnings (TTM) ratio is 12.20.
Transactions by insiders
Recent insider trading involved Fogarty Jane, EVP, Legal, that happened on Apr 03 ’24 when 400.0 shares were purchased. Director, Hayley Kathryn completed a deal on Apr 01 ’24 to buy 379.0 shares. Meanwhile, EVP, Legal Fogarty Jane bought 200.0 shares on Jan 30 ’24.
