Is Buying Stock In Code Chain New Continent Limited (CCNC) A Good Move Today?

Code Chain New Continent Limited (NASDAQ:CCNC) saw a downside of 0.00% to close Tuesday at $1.26 after subtracting $0.0 on the day. The 5-day average trading volume is 414,540 shares of the company’s common stock. It has gained $1.3700 in the past week. An average of 243,255 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 337,924.

CCNC’s 1-month performance is -13.10% or -$0.2700 on its low of $1.0900 reached on 10/06/21. The company’s shares have touched a 52-week low of $0.73 and high of $11.62, with the stock’s rally to the 52-week high happening on 02/17/21. YTD, CCNC has lost -35.05% or -$0.6800. However, the current price is down -89.16%% from the 52-week high price.


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Valuation Metrics

Code Chain New Continent Limited (CCNC) has a trailing price-to-earnings (P/E) ratio of 8.40 for the broader industry and 13.51 for the sector. The company’s PE ratio for the last five years has touched a high of 95.00 and a low of 4.222. CCNC stock has a beta of 1.04. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.04 while the price-to-book (PB) in the most recent quarter is 1.15.

Code Chain New Continent Limited’s quick ratio for the recent quarter was 4.10, with the current ratio over the same period at 4.10 meaning that CCNC stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 61.30%. The trailing 12-month EBITDA margin is -7.87%. The firm’s gross profit as reported stood at $1.1 million against revenue of $11.85 million.

Earnings Surprise

Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$5.09 million. CCNC stock balance sheet for the recent quarter shows that total liabilities totaled 6.92 million. Shareholders hold equity totaling $38.43 million

Technical Picture

Let’s look briefly at Code Chain New Continent Limited (CCNC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 44.88% to suggest the stock is trending Neutral, with historical volatility in this time period at 54.60%.

The stock’s 5-day moving average is $1.2440, reflecting a +0.80% or $0.0100 change from its current price. CCNC is currently trading -15.44% above its 20-day SMA, -52.09% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -29.61% and -27.17% respectively.

Stochastic %K and %D was 44.02% and 40.66% and the average true range (ATR) pointed at 0.1244. The RSI (14) points at 43.29%, while the 14-day stochastic is at 48.81% with the period’s ATR at 0.1270. The stock’s 9-day MACD Oscillator is pointing at -0.0156 and -0.0245 on the 14-day charts.

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