Concentra Group Holdings Parent Inc (NYSE:CON) shares, rose in value on Friday, November 22, with the stock price up by 1.96% to the previous day’s close as strong demand from buyers drove the stock to $21.90.
Actively observing the price movement in the last trading, the stock closed the session at $21.48, falling within a range of $21.45 and $22.1999. Referring to stock’s 52-week performance, its high was $24.81, and the low was $18.89. On the whole, CON has fluctuated by 3.60% over the past month.
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With the market capitalization of Concentra Group Holdings Parent Inc currently standing at about $2.79 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.06, with its dividend yield at 0.29%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.9B, with a low estimate of 454M and a high estimate of 466.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 461.75M.
The stock’s technical analysis shows that the price of CON currently trading nearly 7.25% and 3.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.90, while the 7-day volatility ratio is showing 4.46% which for the 30-day chart, stands at 4.25%. Furthermore, Concentra Group Holdings Parent Inc (CON)’s average true range (ATR) is 0.85.
Data on historical trading for Concentra Group Holdings Parent Inc (NYSE:CON) indicates that the trading volumes over the past 10 days have averaged 0.59 and over the past 3 months, they’ve averaged 408.49K. According to company’s latest data on outstanding shares, there are 126.59 million shares outstanding.
Nearly 82.74% of Concentra Group Holdings Parent Inc’s shares belong to company insiders and institutional investors own 21.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.09 million shares as on 2024-10-31, resulting in a short ratio of 8.67. According to the data, the short interest in Concentra Group Holdings Parent Inc (CON) stood at 899.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 2.41 million. The stock has fallen by -2.58% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CON stock heading into the next quarter.
