A new trading day began on Friday, with C4 Therapeutics Inc (NASDAQ: CCCC) stock price up 5.99% from the previous day of trading, before settling in for the closing price of $4.01. CCCC’s price has ranged from $1.06 to $11.88 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 7.65% over the past five years. Meanwhile, its annual earnings per share averaged 43.52%. With a float of $56.67 million, this company’s outstanding shares have now reached $60.47 million.
Let’s look at the performance matrix of the company that is accounted for 145 employees. In terms of profitability, gross margin is 76.78%, operating margin of -354.44%, and the pretax margin is -312.52%.
C4 Therapeutics Inc (CCCC) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of C4 Therapeutics Inc is 19.72%, while institutional ownership is 83.25%. The most recent insider transaction that took place on Nov 18 ’24, was worth 54,532. Before that another transaction happened on Oct 18 ’24, when Company’s Director proposed sale 13,000 for $6.41, making the entire transaction worth $83,321.
C4 Therapeutics Inc (CCCC) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.68 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 1.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 43.52% 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 -36.05% drop over the previous five years of trading.
C4 Therapeutics Inc (NASDAQ: CCCC) Trading Performance Indicators
Here are C4 Therapeutics Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 6.31. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.70, a number that is poised to hit -0.49 in the next quarter and is forecasted to reach -1.57 in one year’s time.
Technical Analysis of C4 Therapeutics Inc (CCCC)
C4 Therapeutics Inc (NASDAQ: CCCC) saw its 5-day average volume 1.3 million, a negative change from its year-to-date volume of 2.11 million. As of the previous 9 days, the stock’s Stochastic %D was 12.03%. Additionally, its Average True Range was 0.45.
During the past 100 days, C4 Therapeutics Inc’s (CCCC) raw stochastic average was set at 10.73%, which indicates a significant decrease from 15.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.62% in the past 14 days, which was lower than the 85.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.68, while its 200-day Moving Average is $6.41. Nevertheless, the first resistance level for the watch stands at $4.42 in the near term. At $4.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.85. If the price goes on to break the first support level at $3.99, it is likely to go to the next support level at $3.74. Assuming the price breaks the second support level, the third support level stands at $3.57.
C4 Therapeutics Inc (NASDAQ: CCCC) Key Stats
With a market capitalization of 317.96 million, the company has a total of 70,589K Shares Outstanding. Currently, annual sales are 20,760 K while annual income is -132,490 K. The company’s previous quarter sales were 15,360 K while its latest quarter income was -24,670 K.
