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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 $69.38, down 3.99% from the previous day, and has decreased 18.83% in one year. It has underperformed other stocks in the Information Technology Services industry by 0.3 percentage points. Concentrix stock is currently +28.74% from its 52-week low of $53.89, and -34.61% from its 52-week high of $106.10.

There are currently 65.33M CNXC shares outstanding. The market value of CNXC is $4.53B. In the past 24 hours, 504,498 CNXC shares were traded.

How to Buy Concentrix Stock

Wondering how to invest in Concentrix stock? Here's how.
  1. 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.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your investment account: Choose your method of payment and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  2. Enter your personal data to start your new brokerage account.
  1. Submit your details by hitting the "Create Account" button.
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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.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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

CNXC Price
$69.38
1w %
3.71%
1y %
-18.83%
5y %
N/A
P/E
16.29x
P/B
1.11x
P/S
0.52x
PEG
0.13x
Revenue
$8.65B
Earnings
$266.06M
Fore. Rev. Growth
11.35%
Fore. Earn. Growth
153.52%
Market Cap
$4.53B
Next Earnings
N/A
Next Dividend
N/A

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 16.29x, relative to Information Technology Services industry P/E ratio of 29.01x
  • CNXC may be undervalued based on its P/B ratio of 1.11x, relative to Information Technology Services industry P/B ratio of 4.86x
  • CNXC may be undervalued based on its PEG ratio of 0.13x

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 1.96.
  • CNXC profit margin has gone down from 5.8% to 3.1% in the past year.
  • CNXC earnings of $628.56M 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 $632.15M allows it to safely service it's debt of $4.93B.

Is Concentrix stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 3 Wall Street analysts who research CNXC, the consensus analyst rating on CNXC is a Strong 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

SMA10
67.96
SMA20
64.58
SMA50
62.94
SMA100
62.75
SMA200
75.56
MACD
2.51
MACD Signal
1.76
MACD Histogram
0.74
RSI
62.67
Stochastic %K
88.36
Stochastic %D
93.84
StochRSI %K
79.02
StochRSI %D
93.01

Is CNXC Growing Revenue?

Last year, CNXC earnings were $266.06M. During the last 3 year, CNXC's earnings have grown by -60.08% per year. This was slower than the Information Technology Services industry average of 7.06%.

Last year, CNXC revenue was $8.65B. In the last three year, CNXC's revenue has grown by 87.37% per year. This was faster than the Information Technology Services industry average of 7.21%.

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.

Cormac J. Twomey, EVP Global Ops Delivery of CNXC, was the latest CNXC insider to sell. They sold $25,284.00 worth of CNXC shares on Jun 28, 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.

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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:

  1. Figure out where to buy Concentrix stock
  2. Create your brokerage account
  3. Deposit funds into your investment account
  4. Analyze Concentrix stock
  5. Place your CNXC trade
  6. Get the latest scoop on your CNXC investment

If you need a brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get the latest scoop on your new investment in Concentrix, hit the button below to create your watchlist.

NASDAQ: CNXC
$69.38-2.88 (-3.99%)
Updated Jul 17, 2024
Open eToro Account
NASDAQ: CNXC
$69.38-2.88 (-3.99%)
Updated Jul 17, 2024
Open eToro Account

FAQ

How much does it cost to buy one Concentrix share?

As of Jul 17, 2024, it costs $69.38 to buy one share of Concentrix stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.144 shares of CNXC.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Concentrix stock?

According to 3 Wall Street analysts who monitor Concentrix, their consensus recommendation is to buy Concentrix stock.

What is the best way to buy Concentrix stock?

One way to place an order for Concentrix stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.