CONN Stock Summary and Trading Ideas (Conn's | NASDAQ:CONN)

Conn's Inc is a US-based specialty retailer selling durable consumer goods and related services. The company operates through two segments: retail and credit. The retail segment sells furniture, home appliances, electronics, and more. The credit segment provides credit solutions for credit-constrained consumers. They focus on the US market and offer competitive prices, affordable payment options, and fast delivery and installation. Conn's Inc primarily focuses on the US market and generates its revenue from the retail segment. They offer customers the opportunity to compare prices across brands with confidence, along with affordable monthly payment options, fast delivery and installation in the majority of their markets, and product repair services.

Conn's trades on the NASDAQ stock market under the symbol CONN.

As of April 24, 2024, CONN stock price climbed to $3.75 with 22,307 million shares trading.

CONN has a beta of 0.95, meaning it tends to be less sensitive to market movements. CONN has a correlation of 0.03 to the broad based SPY ETF.

CONN has a market cap of $93.32 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 -21.2%, while the SPY ETF gained +24.1%. In the last 3 month period, CONN fell short of the market, returning -23.5%, while SPY returned +4.5%. However, in the most recent 2 weeks CONN has outperformed the stock market by returning +12.6%, while SPY returned -2.8%.

CONN support price is $3.53 and resistance is $3.88 (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.