CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) has a higher price-to-earnings ratio of 167.32x compared to its average ratio. CCCS has 36-month beta value of 0.70. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for CCCS is 420.26M, and currently, short sellers hold a 4.07% ratio of that float. The average trading volume of CCCS on December 03, 2024 was 2.77M shares.
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CCCS) stock’s latest price update
CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS)’s stock price has plunge by -1.46relation to previous closing price of 12.65. Nevertheless, the company has seen a -2.16% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-11-29 that CCC Intelligent Solutions Holdings Inc. (CCCS) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CCCS’s 50-day simple moving average broke out above its 200-day moving average; this is known as a “golden cross.
CCCS’s Market Performance
CCC Intelligent Solutions Holdings Inc (CCCS) has experienced a -2.16% fall in stock performance for the past week, with a 19.06% rise in the past month, and a 18.49% rise in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 2.50% for CCCS. The simple moving average for the last 20 days is 4.39% for CCCS stock, with a simple moving average of 10.82% for the last 200 days.
Analysts’ Opinion of CCCS
Many brokerage firms have already submitted their reports for CCCS stocks, with Morgan Stanley repeating the rating for CCCS by listing it as a “Overweight.” The predicted price for CCCS in the upcoming period, according to Morgan Stanley is $15 based on the research report published on November 13, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see CCCS reach a price target of $15. The rating they have provided for CCCS stocks is “Buy” according to the report published on August 20th, 2024.
Citigroup gave a rating of “Neutral” to CCCS, setting the target price at $13 in the report published on December 13th of the previous year.
CCCS Trading at 10.24% 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 -2.84% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares surge +16.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.84% upper at present.
During the last 5 trading sessions, CCCS fell by -2.16%, which changed the moving average for the period of 200-days by +8.58% in comparison to the 20-day moving average, which settled at $11.94. In addition, CCC Intelligent Solutions Holdings Inc saw 9.44% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CCCS starting from Christo Rodney, who sale 65,084 shares at the price of $12.52 back on Nov 22 ’24. After this action, Christo Rodney now owns 0 shares of CCC Intelligent Solutions Holdings Inc, valued at $814,735 using the latest closing price.
Christo Rodney, the Chief Accounting Officer of CCC Intelligent Solutions Holdings Inc, sale 9,916 shares at $12.67 during a trade that took place back on Nov 25 ’24, which means that Christo Rodney is holding 0 shares at $125,627 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 1.11.
Currently, EBITDA for the company is 114.37 million with net debt to EBITDA at 2.09. When we switch over and look at the enterprise to sales, we see a ratio of 9.03. 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
To put it simply, CCC Intelligent Solutions Holdings Inc (CCCS) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
