PC Connection, Inc (NASDAQ:CNXN) price on Friday, March 21, fall -0.92% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $61.62.
A look at the stock’s price movement, the close in the last trading session was $62.19, moving within a range at $60.33 and $61.84. The beta value (5-Year monthly) was 0.62 while the PE ratio in trailing twelve months stood at 18.75. Turning to its 52-week performance, $77.19 and $57.47 were the 52-week high and 52-week low respectively. Overall, CNXN moved -5.62% over the past month.
PC Connection, Inc’s market cap currently stands at around $1.61 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-04. The company has a Forward Dividend ratio of 0.45, with its dividend yield at 0.73%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 646.98M for the company’s revenue for the quarter, with a low and high estimate of 646.21M and 647.75M respectively. The average forecast suggests up to a 2.37% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.96B, representing a 5.56% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CNXN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
CNXN’s current price about -1.72% and -7.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.42, while 7-day volatility ratio is 2.47% and 2.64% in the 30-day chart. Further, PC Connection, Inc (CNXN) has a beta value of 0.70, and an average true range (ATR) of 1.76.
If we refocus on PC Connection, Inc (NASDAQ:CNXN), historical trading data shows that trading volumes averaged 0.19 over the past 10 days and 101.51K over the past 3 months. The company’s latest data on shares outstanding shows there are 23.21 million shares.
The 61.56% of PC Connection, Inc’s shares are in the hands of company insiders while institutional holders own 43.67% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.37 million on 2025-02-28, giving us a short ratio of 3.08. The data shows that as of 2025-02-28 short interest in PC Connection, Inc (CNXN) stood at 328.99998 of shares outstanding, with shares short rising to 0.2 million registered in 2025-01-31. Current price change has pushed the stock -11.04% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CNXN stock continues to rise going into the next quarter.
