Selling Your Concentrix Corp (NASDAQ: CNXC) Stock? Here’s What You Need To Know

Concentrix Corp (NASDAQ:CNXC) shares, rose in value on Friday, November 01, with the stock price down by -2.35% to the previous day’s close as strong demand from buyers drove the stock to $41.51.

Actively observing the price movement in the last trading, the stock closed the session at $42.51, falling within a range of $41.114 and $42.715. The value of beta (5-year monthly) was 0.641 whereas the PE ratio was 13.44 over 12-month period. Referring to stock’s 52-week performance, its high was $106.10, and the low was $42.40. On the whole, CNXC has fluctuated by -21.14% over the past month.

With the market capitalization of Concentrix Corp currently standing at about $2.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-22. The company’s Forward Dividend Ratio is 1.24, with its dividend yield at 2.99%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.61B, with a low estimate of 2.42B and a high estimate of 2.46B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.44B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CNXC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 1.88, with the price of CNXC currently trading nearly -11.28% and -28.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 23.54, while the 7-day volatility ratio is showing 3.50% which for the 30-day chart, stands at 3.73%. Furthermore, Concentrix Corp (CNXC)’s beta value is 0.67, and its average true range (ATR) is 1.90.

A comparison of Concentrix Corp (CNXC) with its peers suggests the former has fared considerably weaker in the market. CNXC showed an intraday change of -2.35% in last session, and over the past year, it shrunk by -44.95%%.

Data on historical trading for Concentrix Corp (NASDAQ:CNXC) indicates that the trading volumes over the past 10 days have averaged 0.6 and over the past 3 months, they’ve averaged 687.62K. According to company’s latest data on outstanding shares, there are 65.73 million shares outstanding.

Nearly 28.80% of Concentrix Corp’s shares belong to company insiders and institutional investors own 68.52% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.75 million shares as on 2024-10-15, resulting in a short ratio of 4.8. According to the data, the short interest in Concentrix Corp (CNXC) stood at 1229.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.2 million. The stock has fallen by -57.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CNXC stock heading into the next quarter.

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