The stock of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) increased by $0.01 on Friday to finish at $10.47, up 0.10 percent. The last five days have seen an average of 910,560 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $1.77. The average number of shares traded over the last 20 days was 1,315,005, while the average volume over the last 50 days totaled 1,550,540.
CCCS stock dropped -2.60% since last month. On 08/08/23, the company’s shares reached a one-month low of $10.38. The stock touched a high of $11.40 on 06/06/23, after rallying from a low of $8.19 in 52 weeks. The price of CCCS stock has risen by 20.34% or $1.77 this year, reaching a new high 17 times. Still, the stock price is down -8.16% 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 84 days ago on Jun 05. On Jun 05, Chief Accounting Officer Christo Rodney sold 12,500 shares at $11.27 each. This transaction resulted in the insider making $140,878. On Jun 01, Herb Brian sold 97,459 shares at a price of US$11.08. After the transaction, the insider now owns 192,120 shares. Chief Accounting Officer Christo Rodney had earlier sold 11,495 shares on Jun 01 for $11.08 a share. The transaction was completed for $127,332.
Valuation Metrics
Beta for the stock is 0.72. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.07, the price-to-book (PB) ratio of 3.21, and the price-to-cash flow ratio of 40.49.
Financial Health
For the three months ended June 29, CCC Intelligent Solutions Holdings Inc.’s quick ratio was 4.10, while its current ratio was 4.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.40, and the total debt to equity ratio is 0.40. As far as profitability goes, gross margin for the trailing twelve months is 72.20% percent. CCC Intelligent Solutions Holdings Inc.’s EBITDA margin for the year ended June 29 was 23.53%, whereas its operating margin stood at -4.00% for the same period. Based on annual data, it had gross profit of $568.51 million and revenue of $782.45 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CCCS’s return on assets (ROA) during the last 12 months has been -2.50%. There was a 1.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -4.10%.
Earnings Surprise
According to CCC Intelligent Solutions Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $211.71 million, while revenues rose by 8.94% to $204.92 million. It was predicted that CCC Intelligent Solutions Holdings Inc.’s quarterly earnings would be $0.07, but it ended up being $0.07. EBITDA was $43.46 million for the quarter. At the end of CCC Intelligent Solutions Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 1.28 billion, while its total debt was $838.27 million. Equity owned by shareholders amounts to $632.13 million.
Technical Picture
Here’s a quick look at CCC Intelligent Solutions Holdings Inc.’s (CCCS) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 38.47%, suggesting the stock is Neutral, with a 20.37% historical volatility rate.
The stochastic %K and %D were 30.58% and 41.70% respectively, while the average true range (ATR) was 0.21. Based on the 14-day stochastic reading of 15.37%, the RSI (14) reading is 42.30%. On the 9-day MACD Oscillator, the stock is at -0.11, and the 14-day reading is at -0.06.
Analyst Ratings
In its most recent analyst report, Evercore ISI raised its rating on CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) to an Outperform. Prior to this, analysts firm rated the stock as an In-line. Analysts have assigned CCC Intelligent Solutions Holdings Inc. (CCCS) an Overweight rating. CCCS is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.
What is CCCS’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $14.00, with a median target price of $13.00. In analyzing these forecasts, the average price target given by analysts for CCC Intelligent Solutions Holdings Inc. (CCCS) is $12.90.
