The Chemours Company (NYSE: CC) on January 24, 2023, started off the session at the price of $34.75, soaring 1.59% from the previous trading day. During the day, the shares moved up to $35.40 and dropped to $34.17 before settling in for the closing price of $33.92. Within the past 52 weeks, CC’s price has moved between $22.56 and $44.95.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 3.30%. The company achieved an average annual earnings per share of 173.80%. With a float of $149.30 million, this company’s outstanding shares have now reached $155.38 million.
Let’s determine the extent of company efficiency that accounts for 6400 employees. In terms of profitability, gross margin is +21.80, operating margin of +11.17, and the pretax margin is +10.65.
The Chemours Company (CC) Insider Activity
Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of The Chemours Company is 0.10%, while institutional ownership is 76.70%. The most recent insider transaction that took place on Jun 07, was worth 965,170. In this transaction President, Titan Tech Chem Sol of this company sold 22,142 shares at a rate of $43.59, taking the stock ownership to the 101,038 shares. Before that another transaction happened on May 09, when Company’s SVP, CFO sold 20,175 for $40.01, making the entire transaction worth $807,202. This insider now owns 313,506 shares in total.
The Chemours Company (CC) Earnings and Forecasts
As on 9/29/2022, Multinational firm has announced its last quarter scores, in which it reported $1.24 earnings per share (EPS) for the period topping the consensus outlook (set at $1.04) by $0.2. This company achieved a net margin of +9.58 while generating a return on equity of 64.20. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.83 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 173.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.10% during the next five years compared to 148.30% growth over the previous five years of trading.
The Chemours Company (NYSE: CC) Trading Performance Indicators
The Chemours Company (CC) is currently performing well based on its current performance indicators. A quick ratio of 1.10 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.72. Likewise, its price to free cash flow for the trailing twelve months is 15.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.61, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 4.16 in one year’s time.
Technical Analysis of The Chemours Company (CC)
Looking closely at The Chemours Company (NYSE: CC), its last 5-days average volume was 0.87 million, which is a jump from its year-to-date volume of 0.83 million. As of the previous 9 days, the stock’s Stochastic %D was 85.42%. Additionally, its Average True Range was 1.13.
During the past 100 days, The Chemours Company’s (CC) raw stochastic average was set at 81.25%, which indicates a significant increase from 80.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.42% in the past 14 days, which was lower than the 49.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.80, while its 200-day Moving Average is $33.22. However, in the short run, The Chemours Company’s stock first resistance to watch stands at $35.18. Second resistance stands at $35.91. The third major resistance level sits at $36.41. If the price goes on to break the first support level at $33.95, it is likely to go to the next support level at $33.45. Should the price break the second support level, the third support level stands at $32.72.
The Chemours Company (NYSE: CC) Key Stats
Market capitalization of the company is 5.03 billion based on 150,918K outstanding shares. Right now, sales total 6,345 M and income totals 608,000 K. The company made 1,777 M in profit during its latest quarter, and 240,000 K in sales during its previous quarter.