On Tuesday, Chemours Company (NYSE: CC) opened higher 1.14% from the last session, before settling in for the closing price of $26.43. Price fluctuations for CC have ranged from $15.10 to $39.05 over the past 52 weeks.
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Annual sales at Basic Materials sector company slipped by -0.67% over the past five years. Company’s average yearly earnings per share was noted -19.73% at the time writing. With a float of $147.02 million, this company’s outstanding shares have now reached $148.59 million.
Let’s look at the performance matrix of the company that is accounted for 6200 employees.
Chemours Company (CC) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Specialty Chemicals industry is another important factor to consider. The insider ownership of Chemours Company is 1.20%, while institutional ownership is 77.28%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -19.73% per share during the next fiscal year.
Chemours Company (NYSE: CC) Trading Performance Indicators
Check out the current performance indicators for Chemours Company (CC). In the past quarter, the stock posted a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.66. Likewise, its price to free cash flow for the trailing twelve months is 21.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.60, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 3.80 in one year’s time.
Technical Analysis of Chemours Company (CC)
Chemours Company (NYSE: CC) saw its 5-day average volume 1.09 million, a negative change from its year-to-date volume of 1.87 million. As of the previous 9 days, the stock’s Stochastic %D was 31.92%. Additionally, its Average True Range was 1.15.
During the past 100 days, Chemours Company’s (CC) raw stochastic average was set at 66.08%, which indicates a significant increase from 31.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.52% in the past 14 days, which was lower than the 81.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.87, while its 200-day Moving Average is $29.62. Nevertheless, the first resistance level for the watch stands at $27.06 in the near term. At $27.39, the stock is likely to face the second major resistance level. The third major resistance level sits at $27.86. If the price goes on to break the first support level at $26.26, it is likely to go to the next support level at $25.79. The third support level lies at $25.46 if the price breaches the second support level.
Chemours Company (NYSE: CC) Key Stats
There are currently 148,881K shares outstanding in the company with a market cap of 3.98 billion. Presently, the company’s annual sales total 6,027 M according to its annual income of -238,000 K. Last quarter, the company’s sales amounted to 1,361 M and its income totaled -27,000 K.
