Is Concentrix Corp (NASDAQ: CNXC) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Concentrix Corp is listed on the NASDAQ in the Technology sector while operating in the Information Technology Services industry. The current market capitalization of Concentrix Corp is $3.21B. A total of 1.53 million shares were traded on the day, compared to an average of 786.31K shares.

In the most recent transaction, Twomey Cormac J sold 500 shares of CNXC for 44.18 per share on Oct 29 ’24. After the transaction, the EVP, Global Ops & Delivery now owns 24,936 company shares. In a previous transaction on Oct 29 ’24, CORMAC TWOMEY bought 500 shares at 44.18 per share.

Among the insiders who sold shares, Caldwell Christopher A disposed of 9,823 shares on Oct 04 ’24 at a per-share price of $52.70. This resulted in the President and CEO holding 241,841 shares of CNXC after the transaction. In another insider transaction, Caldwell Christopher A bought 9,823 shares at $51.70 per share on Oct 04 ’24.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Concentrix Corp pays an annual dividend of $1.24, resulting in a dividend yield of 2.77%, and it has a price to earnings (P/E) ratio of 14.50. CNXC’s most recent ex-dividend date was 10/25/2024 when it declared a $0.3330 quarterly dividend that was paid in cash on 11/5/2024. Previously, the company paid the dividend on 8/6/2024 with an ex-dividend date of 7/26/2024. The CNXC stock dividend was $0.3030 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, CNXC has a high of $106.10 and a low of $36.28.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CNXC’s latest balance sheet shows that the firm has $182.04M in Cash & Short Term Investments as of fiscal 2021. There were $802.02M in debt and $968.21M in liabilities at the time. Its Book Value Per Share was $64.74, while its Total Shareholder’s Equity was $2.62B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CNXC is Buy with a score of 4.60.

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