CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS)’s stock price has increased by 1.31 compared to its previous closing price of 10.66. However, the company has seen a -1.19% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-01 that CCC Intelligent Solutions Holdings Inc. recently reported slightly better-than-expected financial results for Q3 2024. The firm provides insurance company software. CCCS has produced stable growth, but its clients continue to experience headwinds and its net revenue retention results are concerning.
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 above average at 144.97x. The 36-month beta value for CCCS is also noteworthy at 0.63. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 6 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CCCS is 419.52M, and at present, short sellers hold a 3.41% of that float. The average trading volume of CCCS on November 06, 2024 was 2.57M shares.
CCCS’s Market Performance
CCCS’s stock has seen a -1.19% decrease for the week, with a 3.25% rise in the past month and a 6.30% gain in the past quarter. The volatility ratio for the week is 2.83%, and the volatility levels for the past 30 days are at 2.53% for CCC Intelligent Solutions Holdings Inc The simple moving average for the last 20 days is -1.04% for CCCS stock, with a simple moving average of -3.27% for the last 200 days.
Analysts’ Opinion of CCCS
Many brokerage firms have already submitted their reports for CCCS stocks, with BofA Securities repeating the rating for CCCS by listing it as a “Buy.” The predicted price for CCCS in the upcoming period, according to BofA Securities is $15 based on the research report published on August 20, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see CCCS reach a price target of $13. The rating they have provided for CCCS stocks is “Neutral” according to the report published on December 13th, 2023.
Morgan Stanley gave a rating of “Equal-Weight” to CCCS, setting the target price at $13 in the report published on December 12th of the previous year.
CCCS Trading at -0.23% 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 -14.83% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares surge +0.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.09% upper at present.
During the last 5 trading sessions, CCCS fell by -1.19%, which changed the moving average for the period of 200-days by -2.00% in comparison to the 20-day moving average, which settled at $10.91. In addition, CCC Intelligent Solutions Holdings Inc saw -5.18% 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 CCCS starting from Silva Michael John, who sale 29,022 shares at the price of $10.75 back on Aug 21 ’24. After this action, Silva Michael John now owns 30,172 shares of CCC Intelligent Solutions Holdings Inc, valued at $312,100 using the latest closing price.
Silva Michael John, the Officer of CCC Intelligent Solutions Holdings Inc, proposed sale 29,022 shares at $10.75 during a trade that took place back on Aug 21 ’24, which means that Silva Michael John is holding shares at $312,099 based on the most recent closing price.
Stock Fundamentals for CCCS
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.74 for the gross margin
The net margin for CCC Intelligent Solutions Holdings Inc stands at 0.05. The total capital return value is set at 0.03. Equity return is now at value 2.33, with 1.44 for asset returns.
Based on CCC Intelligent Solutions Holdings Inc (CCCS), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 2.07.
Currently, EBITDA for the company is 211.06 million with net debt to EBITDA at 2.62. When we switch over and look at the enterprise to sales, we see a ratio of 7.81. The receivables turnover for the company is 7.14for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.05.
Conclusion
In summary, CCC Intelligent Solutions Holdings Inc (CCCS) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
