Chemours Company [CC] stock is trading at $23.17, up 3.21%. An important factor to consider is whether the stock is rising or falling in short-term value. The CC shares have gain 2.70% over the last week, with a monthly amount drifted -4.14%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Chemours Company [NYSE: CC] stock has seen the most recent analyst activity on July 09, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $30 from $28. Previously, Mizuho started tracking the stock with Neutral rating on June 07, 2024, and set its price target to $25. On April 09, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $34 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $21 on March 05, 2024. BMO Capital Markets downgraded its rating to a Underperform and reduced its price target to $19 on February 29, 2024. RBC Capital Mkts upgraded its rating to Outperform for this stock on December 01, 2023, and upped its price target to $40. In a note dated June 22, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $41 to $37.
Chemours Company [CC] stock has fluctuated between $15.10 and $39.05 over the past year. Currently, Wall Street analysts expect the stock to reach $31.89 within the next 12 months. Chemours Company [NYSE: CC] shares were valued at $23.17 at the most recent close of the market. An investor can expect a potential return of 37.63% based on the average CC price forecast.
Analyzing the CC fundamentals
Chemours Company [NYSE:CC] reported sales of 5.84B for the trailing twelve months, which represents a drop of -12.11%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.43 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.66.
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 22.71 points at the first support level, and at 22.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.42, and for the 2nd resistance point, it is at 23.68.
Ratios To Look Out For
For context, Chemours Company’s Current Ratio is 1.61. On the other hand, the Quick Ratio is 0.99, and the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 0.59, the price to book ratio is 4.58.
