Conn’s Inc. (NASDAQ:CONN) went up by 0.93% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Specialty Retail giant went up by $9.80 to trade ended Wednesday trading at $9.71. This is up from the $9.71 price recorded on Tuesday’s trading session. Thanks to this latest performance, CONN is closer to the higher price 52-week target of $11.00 and further from the lowest price target of $9.00. Its performance from the start of the year has also been negative, with CONN down by -20.90% year-to-date.
Conn’s Inc. (CONN) started the day trading at $9.72 and recorded an intraday high of $9.96. It also recorded an intraday low of $9.46 during Wednesday’s trading session. Conn’s Inc. is a very active stock that recorded a trading volume that is less than -235.76% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 297453, which is less than -235.76 of the total average daily trading volume of 998.72K.
Conn’s Inc. (NASDAQ:CONN) 2020 Performance Impressive
The increase in CONN’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of CONN currently stands at $27.57, which is higher than the current trading price of the stock by 64.45%. However, CONN’s current trading price is -246.29% lower than the 52-week low price of $2.83. In terms of trading volume, Conn’s Inc. currently experienced healthy participation during the last trading session. 297453 shares of Conn’s Inc. were traded on the stock exchange on Wednesday, which is less than -235.76% of the 998.72K average trading volume of the stock.
The performance of the stock has been positive over the past year. CONN’s performance over the past one year has seen it plunge by -43.84%, while the stock has gone down by -12.66% in the last six months. The quarterly performance of CONN currently stands at 134.45%, and it is down by -13.04% in the last month. The only negative figure was from the weekly performance, which currently reads -2.87%. At the time of writing CONN’s report, the company has a total market cap of $290.18M, making it one of the largest publicly-traded companies in the world.Conn’s Inc. also has over 4200 employees all over the world.
CONN Insider Activities
For Conn’s Inc., insiders hold 65.50% of all company shares. The insider transactions over the past six months are up by 57.70%. During that period, insiders bought 328,208 shares in 20 transactions. In that same period, insiders sold 1,690,919 of their shares in 23 transactions. After these transactions, insiders at Conn’s Inc. now hold 9.7M shares, which is over 63.19% of the total company stocks. Institutional investors currently hold a large chunk of the CONN shares, as they control 33.43% of the company’s total stock.
CONN Fundamental Analysis
For Conn’s Inc., the stock’s diluted earnings per share (EPS) stands at -0.77. In the coming year, analysts expect the EPS to be 1.01. The EPS growth will up over the next five years to 23.00% after surging by 2.80% in the previous five years. In terms of revenue, Conn’s Inc.’s quarterly sales (YOY) is shrinking at -0.05, which is lower than the average annual revenue of 2.80% over the past half a decade.
The Return on Investment (ROI) on Conn’s Inc.’s stock currently stands at 7.00%, and it has a net profit margin of -1.30%. The operating margin of the company is 2.10%, and its gross margin is 54.40%.
CONN Analysts Prediction
The Stephens has a Equal-Weight rating for Conn’s Inc., predicting the stock price to stay between $20 and $6. Compass Point reiterate their Neutral position on the stock ($30 and $23.50)
Analysts at Stifel believe that CONN is Buy, and they have a price target of between $35 and $45. Jefferies and Stifel also believe that Conn’s Inc.’s stock is outperforming at the moment. CONN received a positive rating from Stifel, which set a price target of $30-$35 for the stock.
At the moment, Conn’s Inc.’s Total Debt to Equity ratio stands at 2.37, and they have a long-term Debt to Equity ratio of 2.37.
CONN Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of CONN currently stands at 5.11%, while the SMA50 is 26.79%. The biggest one is the SMA200, which is currently reading -20.77% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 55.75.