A share price of CCC Intelligent Solutions Holdings Inc [CCCS] is currently trading at $11.12, up 1.00%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CCCS shares have gain 0.54% over the last week, with a monthly amount drifted -3.14%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on December 12, 2023, and set its price target to $13. On September 22, 2023, Stifel initiated with a Buy rating and assigned a price target of $14 on the stock. Evercore ISI upgraded its rating to a Outperform but stick to its price target of $13 on May 23, 2023. JP Morgan started tracking with a Overweight rating for this stock on April 13, 2023, and assigned it a price target of $11. In a note dated October 21, 2022, Barclays initiated an Equal Weight rating and provided a target price of $10 on this stock.
CCC Intelligent Solutions Holdings Inc experienced fluctuations in its stock price throughout the past year between $10.32 and $13.41. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. CCC Intelligent Solutions Holdings Inc [NASDAQ: CCCS] shares were valued at $11.12 at the most recent close of the market. An investor can expect a potential return of 16.91% based on the average CCCS price forecast.
Analyzing the CCCS fundamentals
Trailing Twelve Months sales for CCC Intelligent Solutions Holdings Inc [NASDAQ:CCCS] were 888.70M which represents 10.89% growth. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.05 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.94 points at the first support level, and at 10.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.22, and for the 2nd resistance point, it is at 11.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for CCC Intelligent Solutions Holdings Inc [NASDAQ:CCCS] is 2.39. Also, the Quick Ratio is 2.39, while the Cash Ratio stands at 1.41. Considering the valuation of this stock, the price to sales ratio is 7.78, the price to book ratio is 3.83.
Transactions by insiders
Recent insider trading involved ADVENT INTERNATIONAL, L.P., Director, that happened on Jul 01 ’24 when 24.97 million shares were sold. Director, Wei Eric completed a deal on Jul 01 ’24 to sell 24.97 million shares. Meanwhile, Director Egan Christopher sold 24.97 million shares on Jul 01 ’24.
