A new trading day began on Monday, with Chemours Company (NYSE: CC) stock price up 15.49% from the previous day of trading, before settling in for the closing price of $17.82. CC’s price has ranged from $15.10 to $32.70 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Basic Materials sector was -0.67%. Meanwhile, its annual earnings per share averaged -55.31%. With a float of $148.08 million, this company’s outstanding shares have now reached $148.59 million.
Considering the fact that the conglomerate employs 6200 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 19.49%, operating margin of 5.94%, and the pretax margin is 1.59%.
Chemours Company (CC) Insider Activity
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 0.79%, while institutional ownership is 78.73%. The most recent insider transaction that took place on Aug 07 ’24, was worth 50,519. In this transaction Interim Pres. – Titanium Tech of this company sold 2,684 shares at a rate of $18.82, taking the stock ownership to the 19,890 shares. Before that another transaction happened on Aug 06 ’24, when Company’s Interim Pres. – Titanium Tech sold 73 for $19.04, making the entire transaction worth $1,390. This insider now owns 22,574 shares in total.
Chemours Company (CC) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -55.31% 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 1.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.77, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 2.48 in one year’s time.
Technical Analysis of Chemours Company (CC)
Compared to the last year’s volume of 1.57 million, its volume of 2.49 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 36.57%. Additionally, its Average True Range was 0.85.
During the past 100 days, Chemours Company’s (CC) raw stochastic average was set at 45.74%, which indicates a significant decrease from 81.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.83% in the past 14 days, which was higher than the 51.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.97, while its 200-day Moving Average is $23.91. Nevertheless, the first resistance level for the watch stands at $21.25 in the near term. At $21.93, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.60. If the price goes on to break the first support level at $19.90, it is likely to go to the next support level at $19.23. Should the price break the second support level, the third support level stands at $18.55.
Chemours Company (NYSE: CC) Key Stats
With a market capitalization of 3.01 billion, the company has a total of 149,270K Shares Outstanding. Currently, annual sales are 6,027 M while annual income is -238,000 K. The company’s previous quarter sales were 1,538 M while its latest quarter income was 70,000 K.
