Concentrix Corp (NASDAQ:CNXC) shares, rose in value on Friday, May 30, with the stock price down by -2.57% to the previous day’s close as strong demand from buyers drove the stock to $55.97.
Actively observing the price movement in the last trading, the stock closed the session at $57.44. The PE ratio was 14.01 over 12-month period. Referring to stock’s 52-week performance, its high was $77.00, and the low was $36.28. On the whole, CNXC has fluctuated by 9.61% over the past month.
With the market capitalization of Concentrix Corp currently standing at about $3.58 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.30, with its dividend yield at 2.32%.
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% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.52, with the price of CNXC currently trading nearly 2.49% and 8.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.25, while the 7-day volatility ratio is showing 2.47% which for the 30-day chart, stands at 1.77%. Furthermore, Concentrix Corp (CNXC)’s beta value is 0.63, and its average true range (ATR) is 1.71.
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 -2.57% in last session, and over the past year, it shrunk by -10.20%%.
Data on historical trading for Concentrix Corp (NASDAQ:CNXC) indicates that the trading volumes over the past 3 months, they’ve averaged 866.61K. According to company’s latest data on outstanding shares, there are 63.81 million shares outstanding.
Nearly 29.15% of Concentrix Corp’s shares belong to company insiders and institutional investors own 79.86% of the company’s shares. The stock has risen by 29.34% 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.
