At the time of writing, Chemours Company [CC] stock is trading at $19.25, up 2.12%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CC shares have gain 0.47% over the last week, with a monthly amount glided 3.00%, and 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.
For the past year, the stock price of Chemours Company fluctuated between $15.10 and $32.70. Currently, Wall Street analysts expect the stock to reach $30.33 within the next 12 months. Chemours Company [NYSE: CC] shares were valued at $19.25 at the most recent close of the market. An investor can expect a potential return of 57.56% based on the average CC price forecast.
Analyzing the CC fundamentals
According to Chemours Company [NYSE:CC], the company’s sales were 5.75B for trailing twelve months, which represents an 0.94% jump. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.23.
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 18.85 points at the first support level, and at 18.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.50, and for the 2nd resistance point, it is at 19.75.
Ratios To Look Out For
It is important to note that Chemours Company [NYSE:CC] has a current ratio of 1.73. As well, the Quick Ratio is 0.92, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 4.38 and price to earnings (TTM) ratio is 42.08.
Transactions by insiders
Recent insider trading involved Scarborough Alvenia, SVP Corp Communications & CBO, that happened on Nov 07 ’24 when 7500.0 shares were sold. Officer, Scarborough Alvenia completed a deal on Nov 06 ’24 to buy 7500.0 shares. Meanwhile, Interim Pres. – Titanium Tech Picho Diane I. sold 2684.0 shares on Aug 07 ’24.
