Moreover, the 36-month beta value for CC is 1.79. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CC is 147.03M and currently, short sellers hold a 3.65% of that float. On June 21, 2024, CC’s average trading volume was 1.39M shares.
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CC) stock’s latest price update
Chemours Company (NYSE: CC)’s stock price has decreased by -3.52 compared to its previous closing price of 23.85. However, the company has seen a -5.07% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-06-14 that Chemours (CC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
CC’s Market Performance
CC’s stock has fallen by -5.07% in the past week, with a monthly drop of -20.46% and a quarterly drop of -15.68%. The volatility ratio for the week is 5.15% while the volatility levels for the last 30 days are 3.81% for Chemours Company The simple moving average for the past 20 days is -8.06% for CC’s stock, with a -17.19% simple moving average for the past 200 days.
Analysts’ Opinion of CC
Many brokerage firms have already submitted their reports for CC stocks, with Mizuho repeating the rating for CC by listing it as a “Neutral.” The predicted price for CC in the upcoming period, according to Mizuho is $25 based on the research report published on June 07, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see CC reach a price target of $34, previously predicting the price at $19. The rating they have provided for CC stocks is “Outperform” according to the report published on April 09th, 2024.
UBS gave a rating of “Neutral” to CC, setting the target price at $21 in the report published on March 05th of the current year.
CC Trading at -13.01% from the 50-Day Moving Average
After a stumble in the market that brought CC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.08% of loss for the given period.
Volatility was left at 3.81%, however, over the last 30 days, the volatility rate increased by 5.15%, as shares sank -17.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.29% lower at present.
During the last 5 trading sessions, CC fell by -5.07%, which changed the moving average for the period of 200-days by -34.24% in comparison to the 20-day moving average, which settled at $24.79. In addition, Chemours Company saw -27.05% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CC
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.21 for the gross margin
The net margin for Chemours Company stands at -0.06. The total capital return value is set at -0.03. Equity return is now at value -33.35, with -4.23 for asset returns.
Based on Chemours Company (CC), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 5.66. The interest coverage ratio of the stock is -1.66.
Currently, EBITDA for the company is 220.0 million with net debt to EBITDA at 76.39. When we switch over and look at the enterprise to sales, we see a ratio of 1.19. The receivables turnover for the company is 7.38for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.61.
Conclusion
To wrap up, the performance of Chemours Company (CC) has been bad 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.
