How to Buy Concentrix Stock
Concentrix Corp
Concentrix Corporation provides technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services.
Concentrix stock last closed at $55.48, down 2.2% from the previous day, and has decreased 43.59% in one year. It has underperformed other stocks in the Information Technology Services industry by 0.59 percentage points. Concentrix stock is currently +2.44% from its 52-week low of $54.16, and -47.71% from its 52-week high of $106.10.
There are currently 65.99M CNXC shares outstanding. The market value of CNXC is $3.66B. In the past 24 hours, 448,467 CNXC shares were traded.
How to Buy Concentrix Stock
Wondering how to invest in Concentrix stock? Here's how.
- Figure out where to buy Concentrix stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Concentrix stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your method of payment and add your info.
- Analyze Concentrix stock: The Concentrix ticker symbol is CNXC. Is Concentrix stock a good investment? Should you buy shares of CNXC? How do CNXC's underlying business fundamentals look? Do top analysts think Concentrix is a good buy? Why has CNXC's stock price moved recently? (Hint: Our stock market research website can help you figure out if CNXC is a good stock to buy).
- Place your CNXC trade: Decide if you will purchase CNXC shares at the current market price or use a limit order to purchase CNXC stock at a particular price.
- Get the latest scoop on your CNXC investment: Create a watchlist to get the latest news on your investment in Concentrix stock.
Step 1: Figure out where to buy Concentrix stock
You need an online brokerage account in order to access the NASDAQ market and buy CNXC stock.
Our recommended brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
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- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by signing up for an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal information so you can invest in CNXC stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start your new brokerage account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on the best stock market app for beginners, you can securely and quickly fund your account:
Check out the tutorial below if you need help transferring funds into your new investment account.
Step 4: Analyze Concentrix stock
Once you have decided on the best place to buy Concentrix stock, it's critical to analyze their stock prior to investing, so you actually understand the risk as well as the opportunity.
Concentrix Numbers
Concentrix Fundamentals
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on CNXC's stock page.
Is CNXC stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge CNXC's true value.
Using relative valuations metrics:
- CNXC could be undervalued based on its P/E ratio of 11.58x, relative to Information Technology Services industry P/E ratio of 23.51x
- CNXC may be undervalued based on its P/B ratio of 0.89x, relative to Information Technology Services industry P/B ratio of 4.51x
- CNXC may be undervalued based on its PEG ratio of 0.26x
You can access more valuation research on CNXC's stock here.
Is CNXC a healthy company?
Signs that CNXC is financially healthy:
- There are more short-term assets than short-term liabilities on the CNXC balance sheet.
Signs that CNXC is not financially healthy:
- CNXC has a relatively high debt to equity ratio of 1.99.
- CNXC profit margin has gone down from 6.4% to 3.5% in the past year.
- CNXC earnings of $612.16M is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the CNXC balance sheet.
- CNXC's operating cash flow of $527.25M allows it to safely service it's debt of $5.04B.
Is Concentrix stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Wall Street analysts who research CNXC, the consensus analyst rating on CNXC is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Concentrix stock forecast page.
CNXC Trading Indicators
Is CNXC Growing Revenue?
Last year, CNXC earnings were $278.07M. During the last 3 year, CNXC's earnings have grown by 61.11% per year. This was faster than the Information Technology Services industry average of 8.23%.
Last year, CNXC revenue was $7.88B. In the last three year, CNXC's revenue has grown by 84.97% per year. This was faster than the Information Technology Services industry average of 7.83%.
Find out more about CNXC's earnings and revenue performance here.
Latest Insiders Trades at CNXC
Over the past year, insiders at CNXC have sold more shares than they have bought.
Christopher A. Caldwell, President and CEO of CNXC, was the latest CNXC insider to buy. They bought $49,131.00 worth of CNXC shares on Apr 19, 2024.
Learn more about who owns CNXC stock here.
Does CNXC stock generate passive income?
No, Concentrix doesn't provide an income stream by paying out dividends.
CNXC Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your CNXC trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, use a limit order.
Hit the Open button and eToro will place the order.
If you want additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your CNXC investment
Now that you own some CNXC shares, you'll want to keep up with your investment.
Make a watchlist to keep tabs on your CNXC stock.
CNXC Feed
How to Buy Stock in Concentrix
To reiterate, here are the 6 steps to buy stock in Concentrix:
- Figure out where to buy Concentrix stock
- Create your brokerage account
- Deposit funds into your investment account
- Analyze Concentrix stock
- Place your CNXC trade
- Get the latest scoop on your CNXC investment
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Concentrix, hit the button below to create your watchlist.
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