Concentra Group Holdings Parent, Inc. ( (CON) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Concentra Group Holdings Parent, Inc.’s stock movement is primarily driven by its recent financial announcements. The company reported fourth-quarter revenue of $465 million, meeting market expectations. The positive sentiment is bolstered by Concentra’s successful IPO, separation from Select Medical, and strategic initiatives that have improved financial outcomes. Additionally, the acquisition of Nova Medical has led analysts to increase their price targets, signaling confidence in Concentra’s growth prospects. Looking ahead, the company projects adjusted EBITDA between $410 million and $425 million for fiscal year 2025, with capital expenditures ranging from $80 million to $90 million, underscoring its commitment to growth and operational investments.
More about Concentra Group Holdings Parent, Inc.
YTD Price Performance: 17.06%
Average Trading Volume: 841,526
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.88B
For further insights into CON stock on TipRanks’ Stock Analysis page.
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