As of Wednesday close, CCC Intelligent Solutions Holdings Inc.’s (NASDAQ:CCCS) stock was up $0.16, moving up 1.49 percent to $10.89. The average number of shares traded per day over the past five days has been 1,039,260 shares. 4 times new highs have been achieved over the past 5 days, with a $0.42 gain in that time frame. In the last twenty days, the average volume was 1,268,095, while in the previous 50 days, it was 1,554,004.
Since last month, CCCS stock rose 1.21%. 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 25.17% or $2.19, and marked a new high 17 times. However, the stock has declined by -4.47% 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 73 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
The stock’s beta is 0.71. Besides these, the trailing price-to-sales (P/S) ratio of 8.38, the price-to-book (PB) ratio of 3.34, and the price-to-cash flow ratio of 42.07 may also be considered.
Financial Health
In the recent quarter, CCC Intelligent Solutions Holdings Inc.’s quick ratio stood at 4.10, while its current ratio was 4.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.40, and the total debt-to-equity ratio was 0.40. On the profitability front, the trailing twelve-month gross margin is 72.20% percent. In the recent year, EBITDA margin amounted to 23.53%, whereas operating margins totaled -4.00%. 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 -4.10%.
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. 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, 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 12.70%, the RSI 9-day stood at 61.35% on 16 August.
With respect to its five-day moving average, the current CCC Intelligent Solutions Holdings Inc. price is up by +4.01% percent or $0.42. At present, CCCS shares trade +1.11% above its 20-day simple moving average and +25.17% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.29% below its SMA50 and +21.54% above its SMA200.
Stochastic coefficient K was 43.41% and Stochastic coefficient D was 31.27%, while ATR was 0.24. Given the Stochastic reading of 59.30% for the 14-day period, the RSI (14) reading has been calculated as 56.13%. As of today, the MACD Oscillator reading stands at 0.13, while the 14-day reading stands at 0.04.
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.
