Financial Metrics Exploration: Understanding C4 Therapeutics Inc (CCCC) Through Ratios

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The closing price of C4 Therapeutics Inc (NASDAQ: CCCC) was $5.46 for the day, up 3.02% from the previous closing price of $5.30. In other words, the price has increased by $3.02 from its previous closing price. On the day, 0.56 million shares were traded. CCCC stock price reached its highest trading level at $5.48 during the session, while it also had its lowest trading level at $5.245.

Ratios:

Our analysis of CCCC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.09 and its Current Ratio is at 5.09. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.25.

On December 13, 2023, Stifel Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $2 to $12.

Credit Suisse Upgraded its Underperform to Neutral on February 24, 2023, whereas the target price for the stock was revised from $12 to $10.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 11 ’24 when Salter Malcolm bought 8,561 shares for $5.38 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CCCC now has a Market Capitalization of 378584384 and an Enterprise Value of 182903136. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.89 while its Price-to-Book (P/B) ratio in mrq is 1.52. Its current Enterprise Value per Revenue stands at 6.226 whereas that against EBITDA is -1.595.

Stock Price History:

Over the past 52 weeks, CCCC has reached a high of $11.88, while it has fallen to a 52-week low of $1.06. The 50-Day Moving Average of the stock is -8.56%, while the 200-Day Moving Average is calculated to be -15.89%.

Shares Statistics:

CCCC traded an average of 1.21M shares per day over the past three months and 748660 shares per day over the past ten days. A total of 60.47M shares are outstanding, with a floating share count of 57.36M. Insiders hold about 17.28% of the company’s shares, while institutions hold 82.32% stake in the company. Shares short for CCCC as of 1727654400 were 11011767 with a Short Ratio of 9.12, compared to 1724976000 on 11629823. Therefore, it implies a Short% of Shares Outstanding of 11011767 and a Short% of Float of 19.309999.

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