Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Concentrix Corp before investing.

In this article, we go over a few key elements for understanding Concentrix Corp’s stock price such as:

• Concentrix Corp’s current stock price and volume
• Why Concentrix Corp’s stock price changed recently
• Upgrades and downgrades for CNXC from analysts
• CNXC’s stock price momentum as measured by its relative strength

About Concentrix Corp (CNXC)

Before we jump into Concentrix Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Concentrix Corporation is a global provider of customer experience (CX) solutions and technology. The Company provides end-to-end capabilities, including CX process optimization, technology innovation, front- and back-office automation, analytics and business transformation. Its customer lifecycle management solutions include services such as customer care, sales support and digital marketing. It also provides complementary services, including CX/user experience (UX) strategy and design, digital transformation, and voice of the customer (VOC) and analytics. Its CX/UX strategy and design solutions, including CX strategy, data-driven user design, journey mapping, and multi-platform engineering. Its digital transformation solutions include services such as robotic process automation and cognitive automation and mobile app development. ConcentrixCX, its VOC solutions platform, helps turn customer feedback into actionable insights. It operates under the trade name Concentrix + Webhelp.

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Concentrix Corp’s Stock Price as of Market Close

As of June 13, 2024, 4:00 PM, CST, Concentrix Corp’s stock price was $58.75.

Concentrix Corp is down 4.16% from its previous closing price of $61.30.

During the last market session, Concentrix Corp’s stock traded between $61.24 and $64.87. Currently, there are 65.66 million shares of Concentrix Corp stock available for purchase.

Concentrix Corp’s price-earnings (P/E) ratio is currently at 12.6, which is low compared to the Business Support Services industry median of 20.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Concentrix Corp Stock Price History

Concentrix Corp’s (CNXC) price is currently down 4.21% so far this month.

During the month of June, Concentrix Corp’s stock price has reached a high of $64.87 and a low of $58.72.

Over the last year, Concentrix Corp has hit prices as high as $106.10 and as low as $53.89. Year to date, Concentrix Corp’s stock is down 55.88%.

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What Caused Concentrix Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 12, 2024, there were 0 analysts who downgraded Concentrix Corp’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Concentrix Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Concentrix Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Concentrix Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Concentrix Corp (CNXC) by visiting AAII Stock Evaluator.

Relative Price Strength of Concentrix Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 12, 2024, Concentrix Corp has a weighted four-quarter relative price strength of -9.14%, which translates to a Momentum Score of 35 and is considered to be Weak.

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Concentrix Corp Stock Price: Bottom Line

As of June 13, 2024, Concentrix Corp’s stock price is $58.75, which is down 4.16% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Concentrix Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.