Are CCC Intelligent Solutions Holdings Inc (CCCS) stocks a prudent buy?

CCC Intelligent Solutions Holdings Inc [CCCS] stock is trading at $11.33, up 1.52%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CCCS shares have gain 4.42% over the last week, with a monthly amount glided 3.19%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

On December 12, 2023, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $13 on the stock. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $14 on September 22, 2023. Evercore ISI upgraded its rating to a Outperform but $13 remained the price target by the analyst firm on May 23, 2023. In a note dated April 13, 2023, JP Morgan initiated an Overweight rating and provided a target price of $11 on this stock.

CCC Intelligent Solutions Holdings Inc [CCCS] stock has fluctuated between $9.79 and $12.73 over the past year. Currently, Wall Street analysts expect the stock to reach $13.67 within the next 12 months. CCC Intelligent Solutions Holdings Inc [NASDAQ: CCCS] shares were valued at $11.33 at the most recent close of the market. An investor can expect a potential return of 20.65% based on the average CCCS price forecast.

Analyzing the CCCS fundamentals

CCC Intelligent Solutions Holdings Inc [NASDAQ:CCCS] reported sales of 909.60M for the trailing twelve months, which represents a growth of 9.88%. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.

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 11.19 points at the first support level, and at 11.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.42, and for the 2nd resistance point, it is at 11.52.

Ratios To Look Out For

For context, CCC Intelligent Solutions Holdings Inc’s Current Ratio is 2.66. As well, the Quick Ratio is 2.66, while the Cash Ratio is 1.62. Considering the valuation of this stock, the price to sales ratio is 7.77, the price to book ratio is 3.73 and price to earnings (TTM) ratio is 327.46.

Transactions by insiders

Recent insider trading involved Silva Michael John, that happened on Aug 21 ’24 when 29022.0 shares were sold. Officer, Silva Michael John completed a deal on Aug 21 ’24 to buy 29022.0 shares. Meanwhile, PRIGGE MARY JO sold 38816.0 shares on Aug 13 ’24.

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