C4 Therapeutics Inc (CCCC) is destined for greater heights as its last quarter sales were 11,070 K

C4 Therapeutics Inc (NASDAQ: CCCC) kicked off on Friday, up 6.15% from the previous trading day, before settling in for the closing price of $14.82. Over the past 52 weeks, CCCC has traded in a range of $1.06-$8.42.

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A company in the Healthcare sector has jumped its sales by 17.88% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 0.61%. With a float of $38.33 million, this company’s outstanding shares have now reached $48.97 million.

C4 Therapeutics Inc (CCCC) Insider Updates

Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of C4 Therapeutics Inc is 22.22%, while institutional ownership is 96.35%.

C4 Therapeutics Inc (CCCC) Performance Highlights and Predictions

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.55 earnings per share (EPS), higher than consensus estimate (set at -$0.66) by $0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.53 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 0.61% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 22.30% during the next five years compared to -46.29% drop over the previous five years of trading.

C4 Therapeutics Inc (NASDAQ: CCCC) Trading Performance Indicators

Take a look at C4 Therapeutics Inc’s (CCCC) current performance indicators. Last quarter, stock had a quick ratio of 7.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.89.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.75, a number that is poised to hit -0.69 in the next quarter and is forecasted to reach -2.29 in one year’s time.

Technical Analysis of C4 Therapeutics Inc (CCCC)

Let’s dig in a bit further. During the last 5-days, its volume was 2.1 million. That was inferior than the volume of 5.78 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 54.68%. Additionally, its Average True Range was 0.60.

During the past 100 days, C4 Therapeutics Inc’s (CCCC) raw stochastic average was set at 69.16%, which indicates a significant decrease from 82.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.90% in the past 14 days, which was lower than the 204.82% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.94, while its 200-day Moving Average is $3.28. However, in the short run, C4 Therapeutics Inc’s stock first resistance to watch stands at $6.38. Second resistance stands at $6.61. The third major resistance level sits at $7.00. If the price goes on to break the first support level at $5.76, it is likely to go to the next support level at $5.37. Assuming the price breaks the second support level, the third support level stands at $5.14.

C4 Therapeutics Inc (NASDAQ: CCCC) Key Stats

The company with the Market Capitalisation of 303.07 million has total of 49,281K Shares Outstanding. Its annual sales at the moment are 31,100 K in contrast with the sum of -128,180 K annual income. Company’s last quarter sales were recorded 11,070 K and last quarter income was -27,040 K.