A new trading day began on Monday, with CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) stock price down -0.35% from the previous day of trading, before settling in for the closing price of $11.44. CCCS’s price has ranged from $8.42 to $13.41 over the past 52 weeks.
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Annual sales at Technology sector company grew by 11.04% over the past five years. Meanwhile, its annual earnings per share averaged 13.17%. With a float of $295.46 million, this company’s outstanding shares have now reached $603.13 million.
Let’s look at the performance matrix of the company that is accounted for 2925 employees.
CCC Intelligent Solutions Holdings Inc (CCCS) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of CCC Intelligent Solutions Holdings Inc is 51.90%, while institutional ownership is 34.42%. The most recent insider transaction that took place on Apr 09 ’24, was worth 192,714,455. In this transaction Director of this company sold 16,649,197 shares at a rate of $11.58, taking the stock ownership to the 4,777,763 shares. Before that another transaction happened on Apr 09 ’24, when Company’s Director sold 16,649,197 for $11.58, making the entire transaction worth $192,714,455. This insider now owns 4,777,763 shares in total.
CCC Intelligent Solutions Holdings Inc (CCCS) Performance Highlights and Predictions
In its latest quarterly report, released on 12/31/2023, the company reported earnings of $0.09 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 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.17% per share during the next fiscal year.
CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) Trading Performance Indicators
Here are CCC Intelligent Solutions Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.08. Likewise, its price to free cash flow for the trailing twelve months is 35.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.15, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of CCC Intelligent Solutions Holdings Inc (CCCS)
CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) saw its 5-day average volume 2.89 million, a negative change from its year-to-date volume of 3.21 million. As of the previous 9 days, the stock’s Stochastic %D was 8.36%. Additionally, its Average True Range was 0.23.
During the past 100 days, CCC Intelligent Solutions Holdings Inc’s (CCCS) raw stochastic average was set at 38.46%, which indicates a significant increase from 9.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.39% in the past 14 days, which was lower than the 18.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.72, while its 200-day Moving Average is $11.38. Nevertheless, the first resistance level for the watch stands at $11.51 in the near term. At $11.61, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.70. If the price goes on to break the first support level at $11.32, it is likely to go to the next support level at $11.23. Assuming the price breaks the second support level, the third support level stands at $11.13.
CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) Key Stats
With a market capitalization of 7.00 billion, the company has a total of 604,651K Shares Outstanding. Currently, annual sales are 866,380 K while annual income is -92,480 K. The company’s previous quarter sales were 228,600 K while its latest quarter income was 25,210 K.
