Concentra Group Holdings Parent Inc (NYSE:CON) price on Friday, June 13, fall -1.56% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $21.45.
A look at the stock’s price movement, the close in the last trading session was $21.79. The PE ratio in trailing twelve months stood at 17.41. Turning to its 52-week performance, $24.81 and $18.89 were the 52-week high and 52-week low respectively. Overall, CON moved 0.37% over the past month.
Concentra Group Holdings Parent Inc’s market cap currently stands at around $2.75 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 0.19, with its dividend yield at 0.87%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 537.36M for the company’s revenue for the quarter, with a low and high estimate of 533M and 542.75M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.13B, representing a 11.97% jump on that reported in the last financial year.
The technical evaluation for the stock shows the PEG ratio is 2.50, with CON’s current price about -1.65% and 0.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.72, while 7-day volatility ratio is 0.60% and 1.14% in the 30-day chart. Further, Concentra Group Holdings Parent Inc (CON) has a beta value of 0, and an average true range (ATR) of 0.49. Analysts have given the company’s stock an average 52-week price target of $26, forecast between a low of $26 and high of $26. Looking at the price targets, the low is -21.21% off current price level while to achieve the yearly target high, price needs to move -21.21%. Nonetheless, investors will most likely welcome a -21.21% jump to $26 which is the analysts’ median price.
If we refocus on Concentra Group Holdings Parent Inc (NYSE:CON), historical trading data shows that trading volumes averaged 683.86K over the past 3 months. The company’s latest data on shares outstanding shows there are 128.17 million shares.
The 10.53% of Concentra Group Holdings Parent Inc’s shares are in the hands of company insiders while institutional holders own 83.05% of the company’s shares. Current price change has pushed the stock 8.44% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CON stock continues to rise going into the next quarter.
