CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) finished Friday with an addition of $0.02 to close at $10.53, an upside of 0.19 percent. An average of 911,320 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,625,930 shares traded, while the 50-day average volume stands at 1,582,360.
CCCS stock has decreased by -2.41% in the last month. The company shares reached their 1-month lowest point of $10.37 on 07/18/23. With the stock rallying to its 52-week high on 06/06/23, shares of the company touched a low of $8.19 and a high of $11.40 in 52 weeks. It has reached a new high 17 times so far this year and achieved 21.03% or $1.83 in price. In spite of this, the price is down -7.63% from the 52-week high.
Insider Transactions
CCCS stock investors should be aware that CCC Intelligent Solutions Holdings Inc. (CCCS) stock had its last reported insider trading activity 68 days ago on Jun 05. In this transaction, the insider spent $140,878., Herb Brian, disposed of 97,459 shares at a price of $11.08 on Jun 01. The insider now owns more than $1,079,719 worth of shares. Prior to that, Chief Accounting Officer Christo Rodney went on to Sale 11,495 shares at $11.08 each on Jun 01. An amount of $127,332 was transacted.
Valuation Metrics
CCC Intelligent Solutions Holdings Inc. (CCCS) stock’s beta is 0.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.13, the price-to-book (PB) ratio at 3.23, and the price-to-cash flow ratio at 40.82.
Financial Health
The quick ratio of CCC Intelligent Solutions Holdings Inc. for the three months ended June 29 was 4.10, and the current ratio was 4.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.40 and a total debt to equity ratio of 0.40 for the quarter ending June 29. CCC Intelligent Solutions Holdings Inc.’s EBITDA margin for the year ending June 29 is 23.53%, while its operating margin for the same period stands at -4.00%. Its gross profit as reported stood at $568.51 million compared to revenue of $782.45 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CCC Intelligent Solutions Holdings Inc.’s return on assets was -2.50%.
Earnings Surprise
For the three-month period that ended June 29, CCC Intelligent Solutions Holdings Inc. had $770.79 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$97.66 million in the quarter, while revenues of $2.18 million were grew 115.93%. The analyst consensus anticipated CCC Intelligent Solutions Holdings Inc.’s latest quarter earnings to come in at $0.07 per share, but it turned out to be $0.07, a 0.00% surprise. For the quarter, EBITDA amounted to $43.46 million. Shareholders own equity worth $632.13 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at CCC Intelligent Solutions Holdings Inc. (CCCS) price momentum. RSI 9-day as of the close on 11 August was 38.66%, suggesting the stock is Neutral, with historical volatility in this time frame at 9.62%.
As of today, CCCS’s price is $10.54 -1.31% or -$0.14 from its 5-day moving average. CCCS is currently trading -0.85% lower than its 20-day SMA and +18.85% higher than its 100-day SMA. However, the stock’s current price level is -3.75% below the SMA50 and +23.88% above the SMA200.
The stochastic %K and %D were 14.34% and 15.48%, respectively, and the average true range (ATR) was 0.24. With the 14-day stochastic at 17.44% and the average true range at 0.25, the RSI (14) stands at 43.14%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.23.
Analyst Ratings
Evercore ISI upgraded CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as an In-line.
What is CCCS’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $14.00, with a median target of $13.00. Taking a look at these predictions, the average price target given by analysts for CCC Intelligent Solutions Holdings Inc. (CCCS) stock is $12.90.
