TRENDING KEYWORDS
Concentrix (CNXC, $174.18) beats earnings expectations
Concentrix Corporation’s adjusted earnings came in at $2.85 per share for the quarter ended February 2022, surpassing the Zacks Consensus Estimate of $2.70 per share. The figure was $2.29 per share a year ago.
Revenues of $1.54 billion in the quarter exceeded the Zacks Consensus Estimate by 0.38%. This is also higher than the year-ago quarter’s revenue of $1.35 billion. The company beat consensus revenue estimates four times over the last four quarters.
The current consensus expectation on earnings-per-share is $2.76 for the coming quarter, and $12.19 for the current fiscal full-year. Consensus forecast on revenue is $1.61 billion for the coming quarter, and $6.53 billion in revenues for the current fiscal year.
CNXC sees its Stochastic Oscillator recovers from oversold territory
On May 16, 2022, the Stochastic Indicator for CNXC moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 47 instances where the indicator left the oversold zone. In 38 of the 47 cases the stock moved higher in the following days. This puts the odds of a move higher at over 81%.
Current price $150.95 crossed the support line at $146.63 and is trading between $151.93 support and $146.63 support lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -1% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +6% Uptrend.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CNXC's RSI Oscillator exited the oversold zone, 12 of 15 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 80%.
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on CNXC as a result. In 55 of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 68%.
The Moving Average Convergence Divergence (MACD) for CNXC just turned positive on May 13, 2022. Looking at past instances where CNXC's MACD turned positive, the stock continued to rise in 27 of 41 cases over the following month. The odds of a continued upward trend are 66%.
Following a +7.42% 3-day Advance, the price is estimated to grow further. Considering data from situations where CNXC advanced for three days, in 163 of 247 cases, the price rose further within the following month. The odds of a continued upward trend are 66%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNXC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 65%.
CNXC broke above its upper Bollinger Band on May 26, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for CNXC entered a downward trend on May 12, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 55%. During the last month, the daily ratio of advancing to declining volumes was 1.35 to 1.
The Tickeron Profit vs. Risk Rating rating for this company is 6 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock better than average.
The Tickeron Valuation Rating of 17 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.899) is normal, around the industry mean (11.047). P/E Ratio (18.622) is within average values for comparable stocks, (91.620). Projected Growth (PEG Ratio) (0.732) is also within normal values, averaging (1.277). CNXC has a moderately low Dividend Yield (0.005) as compared to the industry average of (0.022). P/S Ratio (1.360) is also within normal values, averaging (5.100).
The Tickeron SMR rating for this company is 30 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating fairly steady price growth. CNXC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 67 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The industry, whose total market cap runs into trillions, makes hardware/software that allows data to be stored, retrieved, transmitted, and manipulated on computers. With the ever-increasing relevance of data, the information technology (IT) industry has gained momentous growth over the years, and continues to thrive on innovation. Some of the behemoths in the industry are International Business Machines Corporation, Accenture, and VMware, Inc.
The average market capitalization across the Information Technology Services Industry is 6.4B. The market cap for tickers in the group ranges from 0 to 177.1B. ACN holds the highest valuation in this group at 177.1B. The lowest valued company is ARSC at 0.
The average weekly price growth across all stocks in the Information Technology Services Industry was 0.5%. For the same Industry, the average monthly price growth was -7.54%, and the average quarterly price growth was -20.01%. CTEK experienced the highest price growth at 83.11%, while GSDT experienced the biggest fall at -65%.
The average weekly volume growth across all stocks in the Information Technology Services Industry was 14.09%. For the same stocks of the Industry, the average monthly volume growth was 10.39% and the average quarterly volume growth was 68.68%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the Volume Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 31%. During the last month, the daily ratio of advancing to declining volumes was 1.16 to 1.
67 stocks in the group of tickers exhibit a similar positive trend based on the RSI indicator with an average likelihood of 77%.
The most notable companies in this group are Accenture PLC (NYSE:ACN), International Business Machines Corp (NYSE:IBM), Xerox Holdings Corp (NASDAQ:XRX), Unisys Corp (NYSE:UIS).
The average market capitalization across the group is 7.7B. The market cap for tickers in the group ranges from 11.7K to 184.7B. ACN holds the highest valuation in this group at 184.7B. The lowest valued company is ONOV at 11.7K.
The average weekly price growth across all stocks in the group was 1.35%. For the same group, the average monthly price growth was -6.78%, and the average quarterly price growth was -24.27%. CTEK experienced the highest price growth at 101.69%, while BLFDF experienced the biggest fall at -48.36%.
- 5/25/22 7:32 AM: Xerox Holdings (XRX, $17.29) was a top loser this week, declining -6.49%
- 5/25/22 7:32 AM: CynergisTek (CTEK, $1.18) is a top weekly gainer for penny stocks, rising +73.53%
- 5/25/22 7:32 AM: BIT Mining (BTCM, $1.77) is a top weekly gainer for penny stocks, rising +23.78%
The average weekly volume growth across all stocks in the group was 352.5%. For the same stocks of the group, the average monthly volume growth was 127.78% and the average quarterly volume growth was 342.16%
- 5/24/22 6:55 AM: The volume for Information Services Group stock increased for one day, resulting in a record-breaking daily growth of 296% of the 65-Day Volume Moving Average
- 5/24/22 6:54 AM: The volume for BIT Mining stock increased for three consecutive days, resulting in a record-breaking daily growth of 232% of the 65-Day Volume Moving Average
- 5/21/22 6:24 AM: The volume for Globant SA stock increased for one day, resulting in a record-breaking daily growth of 225% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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