There Is A Quest For Clarity Surrounding Concentrix Corp. (NASDAQ: CNXC) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Concentrix Reports First Quarter 2024 Results.

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Stocks Info

This NASDAQ-listed company operates within the Information Technology Services industry segment, falling under the Technology sector. The current market capitalization of Concentrix Corp. is $4.20B. A total of 0.71 million shares were traded on the day, compared to an average of 515.11K shares.

In the most recent transaction, Fogarty Jane bought 200 shares of CNXC for 89.27 per share on Jan 30 ’24. After the transaction, the EVP, Legal now owns 5,388 company shares. In a previous transaction on Oct 23 ’23, Fogarty Jane bought 200 shares at 77.38 per share. CNXC shares that EVP, Legal owns now total 5,495.

Among the insiders who sold shares, POLK DENNIS disposed of 1,183 shares on Oct 11 ’23 at a per-share price of $81.39. This resulted in the Director holding 16,293 shares of CNXC after the transaction. In another insider transaction, POLK DENNIS sold 19,429 shares at $81.18 per share on Oct 09 ’23. Company shares held by the Director now total 16,293.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Concentrix Corp. pays an annual dividend of $1.16, resulting in a dividend yield of 1.82%, and it has a price to earnings (P/E) ratio of 13.06. CNXC’s most recent ex-dividend date was 4/25/2024 when it declared a $0.3030 quarterly dividend that was paid in cash on 5/7/2024. Previously, the company paid the dividend on 2/15/2024 with an ex-dividend date of 2/2/2024. The CNXC stock dividend was $0.3025 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CNXC has a high of $125.80 and a low of $59.23.

As of this writing, CNXC has an earnings estimate of $2.63 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $2.66 per share and a lower estimate of $2.62. The company reported an EPS of $3.36 in the last quarter, which was 9.10% higher than expectations of $3.08.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $62.55, while its Total Shareholder’s Equity was $2.62B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 4.25.

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