CNXC Stock Summary and Trading Ideas (Concentrix | NASDAQ:CNXC)

Concentrix Corp is a technology-enabled company specialized in customer engagement and customer management. The company provides end-to-end capabilities, including CX process optimization, technology innovation and design engineering, front- and back-office automation, analytics and business transformation services to clients in five primary industry verticals. The Company's verticals are technology and consumer electronics, retail, travel and e-commerce, communications and media, banking, financial services and insurance, and healthcare. Geographically, the company operates in Philippines, Unites States, India, Canada, Germany, Great Britain and others.

Concentrix trades on the NASDAQ stock market under the symbol CNXC.

As of April 19, 2024, CNXC stock price climbed to $55.19 with 439,188 million shares trading.

CNXC has a beta of 1.36, meaning it tends to be more sensitive to market movements. CNXC has a correlation of 0.16 to the broad based SPY ETF.

CNXC has a market cap of $3.64 billion. This is considered a Mid Cap stock.

Last quarter Concentrix reported $2 billion in Revenue and $2.57 earnings per share. This beat revenue expectation by $23 million and missed earnings estimates by -$.01.

In the last 3 years, CNXC stock traded as high as $208.48 and as low as $54.23.

The top ETF exchange traded funds that CNXC belongs to (by Net Assets): VTI, VB, IJH, VBR, VXF.

CNXC has underperformed the market in the last year with a price return of -48.4% while the SPY ETF gained +21.2%. CNXC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -42.5% and -7.2%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

CNXC support price is $53.05 and resistance is $56.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNXC stock will trade within this expected range on the day.