In the last trading session, 1.04 million shares of the Conn’s Inc. (NASDAQ:CONN) were traded, and its beta was 2.42. Most recently the company’s share price was $8.25, and it changed around -$0.1 or -1.20% from the last close, which brings the market valuation of the company to $189.42M. CONN currently trades at a discount to its 52-week high of $28.00, offering almost -239.39% off that amount. The share price’s 52-week low was $7.87, which indicates that the current value has risen by an impressive 4.61% since then. We note from Conn’s Inc.’s average daily trading volume that its 3-month average coming to 667.67K.
Conn’s Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended CONN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Conn’s Inc. is expected to report earnings per share of $0.17 for the current quarter.
Conn’s Inc. (NASDAQ:CONN) trade information
Instantly CONN has showed a red trend with a performance of -1.20% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.07 on Tuesday, 06/21/22 increased the stock’s daily price by 9.04%. The company’s shares are currently down -64.92% year-to-date, but still down -6.57% over the last five days. On the other hand, Conn’s Inc. (NASDAQ:CONN) is -35.50% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $15.00, which translates to bulls needing to increase their stock price by 45.0% from its current value. Analyst projections state that CONN is forecast to be at a low of $13.00 and a high of $17.00. In order for the stock price to hit the forecast high, the stock would need to plunge -106.06% from its current level, while the stock would need to crash -57.58% from its current level to reach the projected low.
Conn’s Inc. (CONN) estimates and forecasts
Conn’s Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -58.58 percent over the past six months and at a -74.66% annual growth rate that is well below the industry average of -19.90%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will loss -89.00% in revenue this quarter, and will report a decrease of -66.40% in the next quarter. The year-over-year growth rate is expected to be 2.30%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $359.23 million in revenue for the current quarter. 2 analysts expect Conn’s Inc. to make $406.95 million in revenue for the quarter ending Jul 2022.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 44.70%. Conn’s Inc. earnings are expected to increase by -56.30% in 2022, but the outlook is positive 23.00% per year for the next five years.
Conn’s Inc.’s next quarterly earnings report is expected to be released around March 29 and April 04.
Conn’s Inc. (NASDAQ:CONN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 33.75% of Conn’s Inc. shares, and 111.51% of them are in the hands of institutional investors. The stock currently has a share float of 168.32%. Conn’s Inc. stock is held by 194 institutions, with Stephens Group, LLC being the largest institutional investor. By Mar 30, 2022, it held 18.10% of the shares, which is about 4.31 million shares worth $66.35 million.
Blackrock Inc., with 16.40% or 3.9 million shares worth $60.12 million as of Mar 30, 2022, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and DFA U.S. Small Cap Value Series were the top two Mutual Funds as of Jan 30, 2022. The former held 1.35 million shares worth $32.75 million, making up 5.67% of all outstanding shares. On the other hand, DFA U.S. Small Cap Value Series held roughly 0.66 million shares worth around $16.0 million, which represents about 2.77% of the total shares outstanding.