Conns Inc (NASDAQ: CONN) is -9.23% lower on its value in year-to-date trading and has touched a low of $2.55 and a high of $6.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CONN stock was last observed hovering at around $3.19 in the last trading session, with the day’s gains setting it 0.84%.
Currently trading at $4.03, the stock is 23.05% and 3.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 26.33% at the moment leaves the stock 3.99% off its SMA200. CONN registered -28.29% loss for a year compared to 6-month loss of 15.80%. The firm has a 50-day simple moving average (SMA 50) of $1.03 and a 200-day simple moving average (SMA200) of -$20.80.
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The stock witnessed a 17.49% gain in the last 1 month and extending the period to 3 months gives it a -20.51%, and is 28.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.61% over the week and 8.89% over the month.
Conns Inc (CONN) has around 3930 employees, a market worth around $98.94M and $1.24B in sales. Fwd P/E is 21.21. Profit margin for the company is -6.21%. Distance from 52-week low is 58.04% and -32.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.97%).
Conns Inc quarterly earnings per share for the current quarter are estimated at -$1.57 with sales reaching $422.4M over the same period.The EPS is expected to grow by 88.26% this year, but quarterly earnings will post -3.60% year-over-year. Quarterly sales are estimated to grow 26.10% in year-over-year returns.
93 institutions hold shares in Conns Inc (CONN), with institutional investors hold 58.70% of the company’s shares. The shares outstanding are 23.97M, and float is at 12.51M with Short Float at 12.91%. Institutions hold 45.78% of the Float.
The top institutional shareholder in the company is Stephens Group, LLC with over 4.22 million shares valued at $16.66 million. The investor’s holdings represent 17.33% of the CONN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 1.56 million shares valued at $5.77 million to account for 6.40% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 1.45 million shares representing 5.97% and valued at over $5.38 million, while Vanguard Group Inc holds 2.92% of the shares totaling 0.71 million with a market value of $2.63 million.
Conns Inc (CONN) Insider Activity
The most recent transaction is an insider sale by Stephens Group, LLC, the company’s 10% Owner. SEC filings show that Stephens Group, LLC sold 12,777 shares of the company’s common stock on Jul 19 ’23 at a price of $5.02 per share for a total of $64128.0. Following the sale, the insider now owns 4.22 million shares.
