In last trading session, Concentrix Corp (NASDAQ:CNXC) saw 1.37 million shares changing hands with its beta currently measuring 0.57. Company’s recent per share price level of $54.21 trading at $0.18 or 0.33% at ring of the bell on the day assigns it a market valuation of $3.49B. That closing price of CNXC’s stock is at a discount of -42.04% from its 52-week high price of $77.00 and is indicating a premium of 33.08% from its 52-week low price of $36.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.7 million shares which gives us an average trading volume of 916.45K if we extend that period to 3-months.
For Concentrix Corp (CNXC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.83. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 2.74 in the current quarter.
Concentrix Corp (NASDAQ:CNXC) trade information
Upright in the green during last session for gaining 0.33%, in the last five days CNXC remained trading in the green while hitting it’s week-highest on Thursday, 03/27/25 when the stock touched $54.21 price level, adding 17.86% to its value on the day. Concentrix Corp’s shares saw a change of 25.28% in year-to-date performance and have moved 18.67% in past 5-day. Concentrix Corp (NASDAQ:CNXC) showed a performance of 27.70% in past 30-days. Number of shares sold short was 8.57 million shares which calculate 11.85 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 54 to the stock, which implies a fall of -0.39% to its current value. Analysts have been projecting 54 as a low price target for the stock while placing it at a high target of 54. It follows that stock’s current price would jump 0.39% in reaching the projected high whereas dropping to the targeted low would mean a gain of 0.39% for stock’s current value.
Concentrix Corp (CNXC) estimates and forecasts
This year revenue growth is estimated to fall -0.59% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.38B for the same. And 4 analysts are in estimates of company making revenue of 2.39B in the next quarter. Company posted 2.38B and 2.39B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 10.35% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 0.74% while estimates for its earnings growth in next 5 years are of 4.85%.
Concentrix Corp (NASDAQ:CNXC)’s Major holders
Insiders are in possession of 15.54% of company’s total shares while institution are holding 91.78 percent of that, with stock having share float percentage of 108.66%. Investors also watch the number of corporate investors in a company very closely, which is 91.78% institutions for Concentrix Corp that are currently holding shares of the company. GROUPE BRUXELLES LAMBERT is the top institutional holder at CNXC for having 8.77 million shares of worth $555.2 million. And as of 2024-06-30, it was holding 13.4421 of the company’s outstanding shares.
The second largest institutional holder is FMR LLC, which was holding about 7.38 million shares on 2024-06-30. The number of shares represents firm’s hold over 11.3054 of outstanding shares, having a total worth of $466.95 million.
On the other hand, UNDISCOVERED MANAGERS Fd.S-Undiscovered Managers Behavioral Value Fd. and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 2.33 shares of worth $126.49 million or 3.63% of the total outstanding shares. The later fund manager was in possession of 1.75 shares on Dec 31, 2024 , making its stake of worth around $94.86 million in the company or a holder of 2.72% of company’s stock.
