ConnectOne Bancorp Inc. [CNOB] stock prices are up 4.30% to $25.00 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CNOB shares have gain 1.13% over the last week, with a monthly amount glided 15.31%, and 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:
ConnectOne Bancorp Inc. [NASDAQ: CNOB] stock has seen the most recent analyst activity on May 31, 2024, when Keefe Bruyette downgraded its rating to a Mkt Perform. Previously, Hovde Group started tracking the stock with Outperform rating on October 06, 2023, and set its price target to $21. On July 31, 2023, upgrade upgraded it’s rating to Strong Buy but maintained its price target of $26 on the stock. Raymond James downgraded its rating to a Outperform and reduced its price target to $38 on January 31, 2022. In a note dated December 17, 2020, Piper Sandler initiated an Overweight rating and provided a target price of $25 on this stock.
The stock price of ConnectOne Bancorp Inc. [CNOB] has been fluctuating between $14.51 and $25.71 over the past year. Currently, Wall Street analysts expect the stock to reach $27.67 within the next 12 months. ConnectOne Bancorp Inc. [NASDAQ: CNOB] shares were valued at $25.00 at the most recent close of the market. An investor can expect a potential return of 10.68% based on the average CNOB price forecast.
Analyzing the CNOB fundamentals
The ConnectOne Bancorp Inc. [NASDAQ:CNOB] reported sales of 528.27M for trailing twelve months, representing a surge of 7.73%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.68.
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 24.25 points at the first support level, and at 23.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.43, and for the 2nd resistance point, it is at 25.85.
Ratios To Look Out For
It’s worth pointing out that ConnectOne Bancorp Inc. [NASDAQ:CNOB]’s Current Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.82, the price to book ratio is 0.86 and price to earnings (TTM) ratio is 13.66.
Transactions by insiders
Recent insider trading involved Boswell Stephen T., Director, that happened on Nov 16 ’23 when 8000.0 shares were purchased.
