Conn’s Inc. (NASDAQ:CONN) does about 435.71K shares in volume on a normal day but saw 179505 shares change hands in Friday trading. The company now has a market cap of 215.09M USD. Its current market price is $9.03, marking a decrease of -3.11% compared to the previous close of $9.32. The 52 week high reached by this stock is $23.36 whilst the lowest price level in 52 weeks is $5.69. The script in recent trading has seen the stock touch a high of $9.38 and a low of $8.91.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Conn’s Inc. (CONN) has a 20-day trading average at $9.71 and the current price is -61.34% off the 52-week high compared with 58.70% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.62 and its 200-day simple moving average is $9.44. If we look at the stock’s price movements over the week, volatility stands at 6.42%, which increases to 7.36% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.36 to suggest the stock is neutral.
3 analysts observing the Conn’s Inc. (CONN) stock have set the 12-month price targets for the company’s shares at between $6.00 and $13.00. The consensus objective for the share price is $11.00, suggesting that the stock has a potential upside of 17.91% over the period. The median price target is 4.95% away from the current levels at $9.50.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
Stephens also downgraded the stock to “Equal-Weight” from Overweight on March 23, 2020 at a price target of $20-$6.
The current price level is -7.57%, 4.79%, and -4.65% away from its SMA20, SMA50, and SMA200 respectively, with the CONN price moving above the 50-day SMA on February 17. Conn’s Inc. (CONN) stock is down -6.33% over the week and -8.42% over the past month. Its price is 31.25% year-to-date and -61.44% over the past year.
The stock last released its quarterly earnings report for quarter ended 10/30/2022, with the company’s earnings per share (EPS) of -$1.04 below consensus estimates by -$0.21. The company’s next earnings report is expected on 06/01/2023, with forecasts estimating quarterly EPS at -$0.81 and -$1.5 for whole year. CONN’s earnings per share are forecast to shrink by -140.40% this year and 74.00% over next year. Expected sales for next quarter are $335.56 million, which analysts say will come at $1.34 billion for the current fiscal year and next year at $1.42 billion. In addition, estimates put the company’s current quarterly revenue at an average of $331.22 million.
Its 12-month price target is $9.50. To reach the target analysts have set, the stock logically needs to grow 17.91 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $6.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $13.00.
Outstanding shares total 23.91M with insiders holding 26.52% of the shares and institutional holders owning 72.28% of the company’s common stock. The company has a return on investment of 11.80% and return on equity of -1.60%. The beta has a value of 2.58. Price to book ratio is 0.40 and price to sales ratio is 0.15.
Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by BlackRock Advantage Small Cap Cor, which added 7463.0 shares to end up with 320,093 shares worth $3.01 million. DFA US Small Cap Value Portfolio cut their holdings by -46.83% in the company over the course of the most recent quarter. It now holds a 1.27% position in Conn’s Inc. thanks to 0.3 million shares amounting to $2.85 million.