CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS)’s stock price has increased by 1.97 compared to its previous closing price of 8.61. Nevertheless, the company has seen a 0.57% surge in its stock price over the last five trading sessions. The Wall Street Journal reported on 11/02/21 that AI Helps Auto Insurers Cost Out Collisions in Seconds
Is It Worth Investing in CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) Right Now?
The price-to-earnings ratio for CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) is 146.33x, which is above its average ratio. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for CCC Intelligent Solutions Holdings Inc. (CCCS) is $11.78, which is $3.0 above the current market price. The public float for CCCS is 604.44M and currently, short sellers hold a 0.63% of that float. On March 16, 2023, CCCS’s average trading volume was 765.13K shares.
CCCS’s Market Performance
The stock of CCC Intelligent Solutions Holdings Inc. (CCCS) has seen a 0.57% increase in the past week, with a -6.20% drop in the past month, and a -1.35% fall in the past quarter. The volatility ratio for the week is 4.13%, and the volatility levels for the past 30 days are at 2.91% for CCCS. The simple moving average for the last 20 days is -1.74% for CCCS stock, with a simple moving average of -3.78% for the last 200 days.
Analysts’ Opinion of CCCS
Many brokerage firms have already submitted their reports for CCCS stocks, with Barclays repeating the rating for CCCS by listing it as a “Equal Weight.” The predicted price for CCCS in the upcoming period, according to Barclays is $10 based on the research report published on October 21st of the previous year 2022.
Piper Sandler, on the other hand, stated in their research note that they expect to see CCCS reach a price target of $11. The rating they have provided for CCCS stocks is “Neutral” according to the report published on August 08th, 2022.
Goldman gave a rating of “Buy” to CCCS, setting the target price at $12 in the report published on July 13th of the previous year.
CCCS Trading at -1.74% from the 50-Day Moving Average
After a stumble in the market that brought CCCS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.92% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 4.13%, as shares sank -7.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.92% upper at present.
During the last 5 trading sessions, CCCS rose by +0.57%, which changed the moving average for the period of 200-days by unch in comparison to the 20-day moving average, which settled at $8.90. In addition, CCC Intelligent Solutions Holdings Inc. saw 0.92% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CCCS starting from PRIGGE MARY JO, who sale 796 shares at the price of $9.00 back on Dec 21. After this action, PRIGGE MARY JO now owns 0 shares of CCC Intelligent Solutions Holdings Inc., valued at $7,167 using the latest closing price.
PRIGGE MARY JO, the of CCC Intelligent Solutions Holdings Inc., sale 17,085 shares at $9.05 during a trade that took place back on Dec 14, which means that PRIGGE MARY JO is holding 0 shares at $154,612 based on the most recent closing price.
Stock Fundamentals for CCCS
Current profitability levels for the company are sitting at:
- +6.81 for the present operating margin
- +63.42 for the gross margin
The net margin for CCC Intelligent Solutions Holdings Inc. stands at +4.91. Equity return is now at value 1.90, with 1.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.05.
To wrap up, the performance of CCC Intelligent Solutions Holdings Inc. (CCCS) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.