Conn’s Inc. Acquisition of Badcock: Navigating New Risks and Market Volatility
TipRanks (Fri, 19-Apr 2:00 AM ET)
Conn's, Inc. Reports Fourth Quarter and Full Year Fiscal Year 2024 Financial Results
Globe Newswire (Thu, 11-Apr 6:00 AM ET)
Conn's, Inc. Schedules Conference Call to Discuss Fourth Quarter Fiscal Year 2024 Results
Globe Newswire (Tue, 26-Mar 8:00 AM ET)
SHAREHOLDER NOTICE: Halper Sadeh LLC Investigates KRTX, DSKE, CONN
Globe Newswire (Sat, 27-Jan 12:15 PM ET)
PRNewswire (Fri, 26-Jan 11:24 PM ET)
Conn's Inc is a United-States-based specialty retailer engaged in the sale of durable consumer goods and related services. The company operates through two segments. The retail segment sells a broad range of merchandise, including furniture and mattress products, home appliances, consumer electronics, and home office products. The credit segment provides credit solutions for credit-constrained consumers based on customer risk and income level. A material portion of the company's customers finances purchases through its credit segment. The company focuses its business on the U.S. and generates its revenue from the retail segment.
Conn's trades on the NASDAQ stock market under the symbol CONN.
As of April 19, 2024, CONN stock price declined to $3.67 with 1,150 million shares trading.
CONN has a beta of 0.83, meaning it tends to be less sensitive to market movements. CONN has a correlation of 0.02 to the broad based SPY ETF.
CONN has a market cap of $91.33 million. This is considered a Micro Cap stock.
Last quarter Conn's reported $366 million in Revenue and -$1.25 earnings per share. This fell short of revenue expectation by $-56 million and exceeded earnings estimates by $.32.
In the last 3 years, CONN stock traded as high as $31.48 and as low as $2.55.
The top ETF exchange traded funds that CONN belongs to (by Net Assets): VTI, VXF, DFAT, PRFZ, DFAS.
CONN has underperformed the market in the last year with a return of -29.4%, while the SPY ETF gained +22.2%. In the last 3 month period, CONN fell short of the market, returning -24.0%, while SPY returned +5.2%. However, in the most recent 2 weeks CONN has outperformed the stock market by returning +16.9%, while SPY returned -2.6%.
CONN support price is $3.52 and resistance is $3.86 (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 CONN stock will trade within this expected range on the day.