With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.73 million shares. The 52-week range on CNXC shows that it touched its highest point at $84.11 and its lowest point at $36.28 during that stretch. It currently has a 1-year price target of $66.20. With its current market cap of 2.92 billion, CNXC has annualized dividend of $1.27 while the current yield stands at 2.80%. Beta for the stock currently stands at 0.75.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CNXC was down-trending over the past week, with a drop of -4.92%, but this was down by -15.08% over a month. Three-month performance surged to 14.86% while six-month performance fell -35.04%. The stock lost -45.18% in the past year, while it has gained 5.02% so far this year. A look at the trailing 12-month EPS for CNXC yields 3.71 with Next year EPS estimates of 12.39. For the next quarter, that number is 2.61. This implies an EPS growth rate of -0.54% for this year and 9.06% for next year. EPS is expected to grow by 4.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.35%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNXC since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $11.1515 being high and $11.08155 being low. For CNXC, this leads to a yearly average estimate of $11.12152. Based on analyst estimates, the high estimate for the next quarter is $2.75 and the low estimate is $2.7. The average estimate for the next quarter is thus $2.72.
