Market Momentum: CCC Intelligent Solutions Holdings Inc (CCCS) Registers a -6.98 Decrease, Closing at 10.26

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CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) closed the day trading at $10.26 down -6.98% from the previous closing price of $11.03. In other words, the price has decreased by -$6.98 from its previous closing price. On the day, 15.25 million shares were traded. CCCS stock price reached its highest trading level at $10.71 during the session, while it also had its lowest trading level at $10.05.

Ratios:

For a better understanding of CCCS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.34. For the most recent quarter (mrq), Quick Ratio is recorded 2.66 and its Current Ratio is at 2.66. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.44.

On December 12, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $13.

On September 22, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $14.Stifel initiated its Buy rating on September 22, 2023, with a $14 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 31 ’24 when Herb Brian bought 20,887 shares for $10.24 per share.

RAMAMURTHY GITHESH sold 400 shares of CCCS for $4,600 on Jul 18 ’24. The insider now owns 6,463,840 shares after completing the transaction at $11.50 per share. On Jul 01 ’24, another insider, ADVENT INTERNATIONAL, L.P., who serves as the Director of the company, sold 24,973,795 shares for $11.30 each. As a result, the insider received 282,178,910 and left with 3,232,721 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, CCCS now has a Market Capitalization of 6390103040 and an Enterprise Value of 7507763712. As of this moment, CCC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 296.53, and their Forward P/E ratio for the next fiscal year is 25.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 22.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.01 while its Price-to-Book (P/B) ratio in mrq is 3.37. Its current Enterprise Value per Revenue stands at 8.254 whereas that against EBITDA is 43.794.

Stock Price History:

Over the past 52 weeks, CCCS has reached a high of $13.41, while it has fallen to a 52-week low of $10.32. The 50-Day Moving Average of the stock is -9.53%, while the 200-Day Moving Average is calculated to be -10.00%.

Shares Statistics:

Over the past 3-months, CCCS traded about 4.37M shares per day on average, while over the past 10 days, CCCS traded about 4314460 shares per day. A total of 603.13M shares are outstanding, with a floating share count of 418.34M. Insiders hold about 32.71% of the company’s shares, while institutions hold 51.51% stake in the company. Shares short for CCCS as of 1721001600 were 7462743 with a Short Ratio of 1.71, compared to 1718323200 on 9170586. Therefore, it implies a Short% of Shares Outstanding of 7462743 and a Short% of Float of 1.9800000000000002.

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