At the last check on Monday, CCC Intelligent Solutions Holdings Inc.’s (NASDAQ:CCCS) stock was down -$0.08, moving down -0.74 percent to $10.67. The average number of shares traded per day over the past five days has been 1,854,660 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.20 fall in that time frame. In the last twenty days, the average volume was 1,730,040, while in the previous 50 days, it was 1,682,332.
Since last month, CCCS stock retreated -0.84%. Shares of the company fell to $10.37 on 07/18/23, the lowest level in the past month. A 52-week high of $11.40 was reached on 06/06/23 after having rallying from a 52-week low of $8.19. Since the beginning of this year, CCCS’s stock price has risen by 22.64% or $1.97, and marked a new high 17 times. However, the stock has declined by -6.40% since its 52-week high.
CCCS stock investors should be aware that CCC Intelligent Solutions Holdings Inc. (CCCS) stock had its last reported insider trading activity 61 days ago on Jun 05. Christo Rodney, the Chief Accounting Officer of the company, disposed of 12,500 shares for $11.27 on Jun 05. It resulted in a $140,878 divestment by the insider. Herb Brian sold 97,459 shares at an average price of $11.08 on Jun 01. The insider now owns 192,120 shares following the transaction. On Jun 01, Chief Accounting Officer Christo Rodney sold 11,495 shares at $11.08 apiece. The transaction was valued at $127,332.
Valuation Metrics
Right now, CCC Intelligent Solutions Holdings Inc. (CCCS) has a P/E ratio of about 237.11. The stock’s beta is 0.71. Besides these, the trailing price-to-sales (P/S) ratio of 8.28, the price-to-book (PB) ratio of 3.17, and the price-to-cash flow ratio of 48.08 may also be considered.
Financial Health
In the three months ended June 29, CCC Intelligent Solutions Holdings Inc.’s quick ratio stood at 3.90, while its current ratio was 3.90, 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 June 29 was 0.39, and the total debt-to-equity ratio was 0.39. On the profitability front, the trailing twelve-month gross margin is 72.30% percent. In the year ended June 29, EBITDA margin amounted to 23.53%, whereas operating margins totaled 6.60%. Based on annual data, CCCS earned $568.51 million in gross profit and brought in $782.45 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 1.40%. Return on equity (ROE) for the past 12 months was 1.40%.
In CCC Intelligent Solutions Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $770.79 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CCCS’s revenue rose 8.94% to $204.92 million during the quarter, while net income inched up to $211.71 million. While analysts expected CCC Intelligent Solutions Holdings Inc. to report $0.07 quarterly earnings, the actual figure was $0.07 per share. During the quarter, the company generated $43.46 million in EBITDA. The liabilities of CCC Intelligent Solutions Holdings Inc. were 1.28 billion at the end of its most recent quarter ended June 29, and its total debt was $838.27 million. The value of shareholders’ equity is $632.13 million.
Technical Picture
This quick technical analysis looks at CCC Intelligent Solutions Holdings Inc.’s (CCCS) price momentum. With a historical volatility rate of 17.50%, the RSI 9-day stood at 42.34% on 04 August.
With respect to its five-day moving average, the current CCC Intelligent Solutions Holdings Inc. price is down by -1.84% percent or -$0.20. At present, CCCS shares trade +0.47% above its 20-day simple moving average and +24.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.70% above its SMA50 and +23.50% above its SMA200.
Stochastic coefficient K was 41.38% and Stochastic coefficient D was 57.24%, while ATR was 0.28. Given the Stochastic reading of 34.48% for the 14-day period, the RSI (14) reading has been calculated as 46.26%. As of today, the MACD Oscillator reading stands at -0.11, while the 14-day reading stands at -0.09.
Analyst Ratings
Evercore ISI upgraded its rating on CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) to an Outperform in a note to investors on May 23, 2023. The analysts firm previously had an In-line rating on the stock.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 8 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $11.00 – $14.00. Based on these forecasts, analysts predict CCC Intelligent Solutions Holdings Inc. (CCCS) will achieve an average price target of $12.90.
