Can CCC Intelligent Solutions Holdings Inc. (CCCS) Add Value To Your Portfolio?

As of Wednesday close, CCC Intelligent Solutions Holdings Inc.’s (NYSE:CCCS) stock was up $0.05, moving up 0.54 percent to $9.29. The average number of shares traded per day over the past five days has been 1,348,640 shares. 3 times new highs have been achieved over the past 5 days, with a $0.73 gain in that time frame. In the last twenty days, the average volume was 1,120,850, while in the previous 50 days, it was 1,056,536.

Since last month, CCCS stock rose 6.54%. Shares of the company fell to $8.24 on 06/14/22, the lowest level in the past month. A 52-week high of $13.46 was reached on 04/04/22 after having rallying from a 52-week low of $7.41. Since the beginning of this year, CCCS’s stock price has dropped by -18.44% or -$2.10, and marked a new high 3 times. However, the stock has declined by -30.98% since its 52-week high.

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CCC Intelligent Solutions Holdings Inc. (CCCS) last reported insider trading activity 73 days ago on Apr 11. ADVENT INTERNATIONAL CORP/MA, the Director of the company, disposed of 17,506,195 shares for $9.28 on Apr 11. It resulted in a $162,457,490 divestment by the insider. Wei Eric sold 17,506,195 shares at an average price of $9.28 on Apr 11. The insider now owns 8,238,944 shares following the transaction. On Apr 11, Director Young Lauren sold 17,506,195 shares at $9.28 apiece. The transaction was valued at $162,457,490.

Financial Health

In the three months ended March 30, CCC Intelligent Solutions Holdings Inc.’s quick ratio stood at 2.30, while its current ratio was 2.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.42, and the total debt-to-equity ratio was 0.43. On the profitability front, the trailing twelve-month gross margin is 72.10% percent. In the year ended March 30, operating margins totaled -9.50%. Based on annual data, CCCS earned $492.63 million in gross profit and brought in $688.29 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -5.00%. Return on equity (ROE) for the past 12 months was -8.50%.

In CCC Intelligent Solutions Holdings Inc.’s quarter-end financial report for March 30, it reported total debt of $779.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CCCS’s revenue rose 100.0% to $511.66 million during the quarter, while net income inched up to $186.82 million. While analysts expected CCC Intelligent Solutions Holdings Inc. to report $0.07 quarterly earnings, the actual figure was $0.08 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated $44.78 million in EBITDA. The liabilities of CCC Intelligent Solutions Holdings Inc. were 1.35 billion at the end of its most recent quarter ended March 30, and its total debt was $852.8 million. The value of shareholders’ equity is $614.24 million.

Technical Picture

This quick technical analysis looks at CCC Intelligent Solutions Holdings Inc.’s (CCCS) price momentum. With a historical volatility rate of 79.30%, the RSI 9-day stood at 55.75% on 22 June.

With respect to its five-day moving average, the current CCC Intelligent Solutions Holdings Inc. price is up by +8.53% percent or $0.73. At present, CCCS shares trade +7.90% above its 20-day simple moving average and -7.56% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.33% below its SMA50 and -21.74% below its SMA200.

Stochastic coefficient K was 50.38% and Stochastic coefficient D was 38.76%, while ATR was 0.48. Given the Stochastic reading of 59.66% for the 14-day period, the RSI (14) reading has been calculated as 53.47%. As of today, the MACD Oscillator reading stands at 0.28, while the 14-day reading stands at -0.01.

Analyst Ratings

BofA Securities launched its rating on CCC Intelligent Solutions Holdings Inc. (NYSE: CCCS) to a Buy in a note to investors on June 03, 2022. CCC Intelligent Solutions Holdings Inc. (CCCS) has been rated Overweight by analysts. According to 0 brokerage firms, CCCS is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate CCC Intelligent Solutions Holdings Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $12.00, the current consensus forecast for the stock is $10.00 – $15.00. Based on these forecasts, analysts predict CCC Intelligent Solutions Holdings Inc. (CCCS) will achieve an average price target of $12.17.


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