In the latest session, Chemours Company (NYSE: CC) closed at $27.62 down -3.90% from its previous closing price of $28.74. In other words, the price has decreased by -$1.12 from its previous closing price. On the day, 2534673 shares were traded.
Ratios:
For a deeper understanding of Chemours Company’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.10. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.54. In the meantime, Its Debt-to-Equity ratio is 5.83 whereas as Long-Term Debt/Eq ratio is at 5.69.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on March 05, 2024, Downgraded its rating to Neutral and sets its target price to $21 from $37 previously.
On February 29, 2024, BMO Capital Markets Downgraded its rating to Underperform which previously was Outperform and also lowered its target price recommendation from $45 to $19.
RBC Capital Mkts Upgraded its Sector Perform to Outperform on December 01, 2023, whereas the target price for the stock was revised from $28 to $40.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 09 ’23 when Newman Mark bought 7,661 shares for $34.63 per share. The transaction valued at 265,300 led to the insider holds 266,955 shares of the business.
Scarborough Alvenia sold 5,125 shares of CC for $165,537 on Jun 09 ’23. The SVP Corp Communications & CBO now owns 13,890 shares after completing the transaction at $32.30 per share. On Jun 08 ’23, another insider, Abbott Matthew S, who serves as the SVP, Chief Enterprise Transfor of the company, sold 8,912 shares for $34.20 each. As a result, the insider received 304,790 and left with 29,869 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CC now has a Market Capitalization of 4.11B and an Enterprise Value of 7.21B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 5.57. Its current Enterprise Value per Revenue stands at 1.20 whereas that against EBITDA is 36.58.
Stock Price History:
Over the past 52 weeks, CC has reached a high of $39.05, while it has fallen to a 52-week low of $15.10. The 50-Day Moving Average of the stock is 27.84, while the 200-Day Moving Average is calculated to be 30.11.
Shares Statistics:
For the past three months, CC has traded an average of 2.05M shares per day and 2.35M over the past ten days. A total of 148.59M shares are outstanding, with a floating share count of 147.05M. Insiders hold about 1.18% of the company’s shares, while institutions hold 76.51% stake in the company. Shares short for CC as of Mar 15, 2024 were 4.88M with a Short Ratio of 2.38, compared to 4.64M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.29% and a Short% of Float of 4.41%.
Dividends & Splits
According to the company, the forward annual dividend rate for CC is 1.00, from 0.00 in the trailing year. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 3.46%. The stock’s 5-year Average Dividend Yield is 4.21.
Earnings Estimates
There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.52 for the current quarter, with a high estimate of $0.89 and a low estimate of $0.1, while EPS last year was $0.98. The consensus estimate for the next quarter is $1.04, with high estimates of $1.27 and low estimates of $0.77.
Analysts are recommending an EPS of between $4.28 and $2.05 for the fiscal current year, implying an average EPS of $3.33. EPS for the following year is $4.64, with 9 analysts recommending between $6.12 and $2.85.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $1.55B this quarter.It ranges from a high estimate of $1.62B to a low estimate of $1.46B. As of the current estimate, Chemours Company’s year-ago sales were $1.46B, an estimated increase of 5.90% from the year-ago figure.
A total of 8 analysts have provided revenue estimates for CC’s current fiscal year. The highest revenue estimate was $6.49B, while the lowest revenue estimate was $5.87B, resulting in an average revenue estimate of $6.13B. In the same quarter a year ago, actual revenue was $6.03B, up 1.70% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $6.54B in the next fiscal year. The high estimate is $7.01B and the low estimate is $6.17B. The average revenue growth estimate for next year is up 6.70% from the average revenue estimate for this year.
