A share price of Concentrix Corp [CNXC] is currently trading at $43.00, up 2.65%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNXC shares have gain 1.99% over the last week, with a monthly amount drifted -1.65%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Concentrix Corp [NASDAQ: CNXC] stock has seen the most recent analyst activity on October 03, 2024, when Robert W. Baird initiated its Outperform rating and assigned the stock a price target of $70. Previously, BofA Securities upgraded its rating to Neutral on August 28, 2024, and elevated its price target to $85. On March 27, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $60 on the stock. Redburn Atlantic started tracking the stock assigning a Neutral rating and suggested a price target of $70 on September 06, 2023. Scotiabank initiated its recommendation with a Sector Outperform and recommended $120 as its price target on August 24, 2023. BofA Securities downgraded its rating to Neutral for this stock on June 29, 2023. In a note dated April 12, 2023, Canaccord Genuity initiated an Buy rating and provided a target price of $150 on this stock.
Concentrix Corp experienced fluctuations in its stock price throughout the past year between $36.28 and $106.10. Currently, Wall Street analysts expect the stock to reach $75 within the next 12 months. Concentrix Corp [NASDAQ: CNXC] shares were valued at $43.00 at the most recent close of the market. An investor can expect a potential return of 74.42% based on the average CNXC price forecast.
Analyzing the CNXC fundamentals
Trailing Twelve Months sales for Concentrix Corp [NASDAQ:CNXC] were 9.40B which represents 46.21% growth. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 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 1.18.
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 42.11 points at the first support level, and at 41.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.45, and for the 2nd resistance point, it is at 43.89.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Concentrix Corp [NASDAQ:CNXC] is 1.57. On the other hand, the Quick Ratio is 1.57, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 0.66 and price to earnings (TTM) ratio is 13.92.
Transactions by insiders
Recent insider trading involved Twomey Cormac J, EVP, Global Ops & Delivery, that happened on Nov 29 ’24 when 500.0 shares were sold. Officer, CORMAC TWOMEY completed a deal on Nov 29 ’24 to buy 500.0 shares. Meanwhile, EVP, Global Ops & Delivery Twomey Cormac J sold 500.0 shares on Oct 29 ’24.
