The stock of Chemours Company (CC) has gone down by -0.05% for the week, with a -7.10% drop in the past month and a -21.45% drop in the past quarter. The volatility ratio for the week is 2.99%, and the volatility levels for the past 30 days are 3.14% for CC. The simple moving average for the last 20 days is -4.85% for CC stock, with a simple moving average of -23.92% for the last 200 days.
Is It Worth Investing in Chemours Company (NYSE: CC) Right Now?
The price-to-earnings ratio for Chemours Company (NYSE: CC) is above average at 23.75x, Company’s 36-month beta value is 1.73.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for CC is 148.08M, and currently, short sellers hold a 5.40% ratio of that floaft. The average trading volume of CC on October 31, 2024 was 1.47M shares.
CC) stock’s latest price update
Chemours Company (NYSE: CC)’s stock price has increased by 0.11 compared to its previous closing price of 18.29. However, the company has seen a -0.05% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-10-28 that Chemours (CC) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of CC
Many brokerage firms have already submitted their reports for CC stocks, with UBS repeating the rating for CC by listing it as a “Buy.” The predicted price for CC in the upcoming period, according to UBS is $30 based on the research report published on July 09, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see CC reach a price target of $25. The rating they have provided for CC stocks is “Neutral” according to the report published on June 07th, 2024.
BMO Capital Markets gave a rating of “Outperform” to CC, setting the target price at $34 in the report published on April 09th of the current year.
CC Trading at -3.45% 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 -44.01% of loss for the given period.
Volatility was left at 3.14%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares sank -7.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.55% upper at present.
During the last 5 trading sessions, CC fell by -0.05%, which changed the moving average for the period of 200-days by -38.12% in comparison to the 20-day moving average, which settled at $19.24. In addition, Chemours Company saw -41.95% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CC starting from Picho Diane I., who sale 2,684 shares at the price of $18.82 back on Aug 07 ’24. After this action, Picho Diane I. now owns 19,890 shares of Chemours Company, valued at $50,519 using the latest closing price.
Picho Diane I., the Interim Pres. – Titanium Tech of Chemours Company, sale 73 shares at $19.04 during a trade that took place back on Aug 06 ’24, which means that Picho Diane I. is holding 22,574 shares at $1,390 based on the most recent closing price.
Stock Fundamentals for CC
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.19 for the gross margin
The net margin for Chemours Company stands at 0.02. The total capital return value is set at 0.06. Equity return is now at value 15.15, with 1.56 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 -0.07. The debt to equity ratio resting at 5.59. The interest coverage ratio of the stock is 2.49.
Currently, EBITDA for the company is 220.0 million with net debt to EBITDA at 6.35. When we switch over and look at the enterprise to sales, we see a ratio of 1.11. The receivables turnover for the company is 6.4for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.89.
Conclusion
In a nutshell, Chemours Company (CC) has experienced a bad performance in recent times. The stock has received mixed “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.
