A new trading day began on Tuesday, with Chemours Company (NYSE: CC) stock price up 4.10% from the previous day of trading ,before settling in for the closing price of $27.05. CC’s price has ranged from $15.10 to $39.05 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Basic Materials sector saw sales slided by -0.67%. Meanwhile, its annual earnings per share averaged -3.84%. With a float of $147.02 million, this company’s outstanding shares have now reached $148.59 million.
The extent of productivity of a business whose workforce counts for 6200 workers is very important to gauge.
Chemours Company (CC) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Chemicals Industry. The insider ownership of Chemours Company is 1.20%, while institutional ownership is 76.51%. The most recent insider transaction that took place on Jun 09 ’23, was worth 265,300. In this transaction President and CEO of this company bought 7,661 shares at a rate of $34.63, taking the stock ownership to the 266,955 shares. Before that another transaction happened on Jun 09 ’23, when Company’s SVP Corp Communications & CBO sold 5,125 for $32.30, making the entire transaction worth $165,537. This insider now owns 13,890 shares in total.
Chemours Company (CC) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.31 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.91 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.84% per share during the next fiscal year.
Chemours Company (NYSE: CC) Trading Performance Indicators
Here are Chemours Company’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.70. Likewise, its price to free cash flow for the trailing twelve months is 22.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.60, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 4.01 in one year’s time.
Technical Analysis of Chemours Company (CC)
The latest stats from [Chemours Company, CC] show that its last 5-days average volume of 1.23 million was inferior to 2.0 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 65.61%. Additionally, its Average True Range was 1.54.
During the past 100 days, Chemours Company’s (CC) raw stochastic average was set at 74.20%, which indicates a significant decrease from 81.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.04% in the past 14 days, which was lower than the 81.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.64, while its 200-day Moving Average is $30.08. Now, the first resistance to watch is $28.74. This is followed by the second major resistance level at $29.33. The third major resistance level sits at $30.01. If the price goes on to break the first support level at $27.47, it is likely to go to the next support level at $26.79. Assuming the price breaks the second support level, the third support level stands at $26.20.
Chemours Company (NYSE: CC) Key Stats
With a market capitalization of 4.19 billion, the company has a total of 148,802K Shares Outstanding. Currently, annual sales are 6,027 M while annual income is -238,000 K. The company’s previous quarter sales were 1,361 M while its latest quarter income was -27,000 K.
