CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) saw a downside of -0.77% to close Monday at $11.66 after subtracting -$0.09 on the day. The 5-day average trading volume is 2,088,480 shares of the company’s common stock. It has gained $12.09 in the past week and touched a new high 2 times within the past 5 days. An average of 2,506,145 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,902,234.
CCCS’s 1-month performance is 11.47% or $1.19 on its low of $10.32 reached on 09/01/23. The company’s shares have touched a 52-week low of $8.19 and high of $12.65, with the stock’s rally to the 52-week high happening on 09/18/23. YTD, CCCS has achieved 34.02% or $2.96 and has reached a new high 19 times. However, the current price is down -7.83% from the 52-week high price.
Insider Transactions
CCCS stock investors last saw insider trading activity on Jun 05.Christo Rodney (Chief Accounting Officer) most recently sold 12,500 shares at $11.27 per share on Jun 05. This transaction cost the insider $140,878., Herb Brian, sold 97,459 shares at a price of $11.08 on Jun 01. Then, on Jun 01, Chief Accounting Officer Christo Rodney sold 11,495 shares at a price of $11.08 per share. This transaction amounted to $127,332.
Valuation Metrics
CCCS stock has a beta of 0.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.99 while the price-to-book (PB) in the most recent quarter is 3.64, with the price to cash flow ratio at 44.28.
CCC Intelligent Solutions Holdings Inc’s quick ratio for the period ended June 29 was 3.95, with the current ratio over the same period at 3.95. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.42, while the total debt to equity was 0.43. In terms of profitability, the gross margin trailing 12 months is 63.37%. The trailing 12-month EBITDA margin is 23.53% while for the period ending June 29, CCC Intelligent Solutions Holdings Inc’s operating margin was 6.17%. The firm’s gross profit as reported stood at $568.51 million against revenue of $782.45 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 115.93% to -$97.66 million, while revenue of $2.18 million was 102.23% off the previous quarter. Analysts expected CCCS to announce $0.07 per share in earnings in its latest quarter, but it posted $0.07, representing a 0.00% surprise. EBITDA for the quarter stood at more than $43.46 million. CCCS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.28 billion, with total debt at $838.27 million. Shareholders hold equity totaling $632.13 million.
Let’s look briefly at CCC Intelligent Solutions Holdings Inc (CCCS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 64.66% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.67%.
The stock’s 5-day moving average is $11.72, reflecting a -2.51% or -$0.30 change from its current price. CCCS is currently trading +11.37% above its 20-day SMA, +35.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.79% and SMA200 by+36.53%.
Stochastic %K and %D was 52.12% and 56.72% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 64.79%, while the 14-day stochastic is at 46.92% with the period’s ATR at 0.29. The stock’s 9-day MACD Oscillator is pointing at 0.07 and 0.31 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS), Stifel launched coverage with a Buy rating. Analysts offering their rating for CCCS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CCCS as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 9 have offered a “buy” rating.
What is CCCS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.00 and a high of $14.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for CCC Intelligent Solutions Holdings Inc (CCCS) stock is $13.00.
