Concentra Group Holdings Parent Inc (NYSE:CON) traded at $23.09 at close of the session on Tuesday, November 26 and made an upward move of 4.34% on its previous day’s price.
Looking at the stock we see that its previous close was $22.13 with the day’s price range being $21.7 – $24.315. In terms of its 52-week price range, CON has a high of $24.81 and a low of $18.89. The company’s stock has gained about 10.96% over that past 30 days.
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Concentra Group Holdings Parent Inc has a market cap of $2.94 billion and is expected to release its quarterly earnings report in December. With its Forward Dividend at 0.06 and a yield of 0.27%, the company’s investors could be anxious for the CON stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 461.75M, with a low of 454M and a high of 466.7M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.9B, or 3.22% up from figures reported last year.
Looking further, we note the current price level is 11.93% off its SMA20 and 9.38% from its 50-day simple moving average. The RSI (14) is pointing at 69.93 while the volatility over the past week is 6.13% and jumps to 4.76% over the past one month. The average price target for the stock over the next 12 months is $29, with the estimates having a low of $29 and a high of $30.5. These price ends are -25.6% and -32.09% off the current price level respectively, although investors could be excited at the prospect of a -25.6% if the CON share price touches on the median price of $29.
Coming back to Concentra Group Holdings Parent Inc (NYSE:CON), we note that the average 3-month trading volume was 429.15K, while that of the preceding 10-day period stands at 0.75 million. Current shares outstanding are 126.59 million.
The insiders hold 82.74% of the company’s shares while institutions hold 21.10%. The data shows that short shares as of 2024-10-31, stood at 2.09 million at a short ratio of 8.67. This represents a 899.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 2.41 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 2.71% up in year-to-date price movement.
