Market Momentum Report: Chemours Company (CC)’s Positive Close at 18.18

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The price of Chemours Company (NYSE: CC) closed at $18.18 in the last session, up 1.73% from day before closing price of $17.87. In other words, the price has increased by $1.73 from its previous closing price. On the day, 1.13 million shares were traded. CC stock price reached its highest trading level at $18.325 during the session, while it also had its lowest trading level at $17.81.

Ratios:

We take a closer look at CC’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.89. In the meantime, Its Debt-to-Equity ratio is 5.86 whereas as Long-Term Debt/Eq ratio is at 5.73.

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 July 09, 2024, Upgraded its rating to Buy and sets its target price to $30 from $28 previously.

On June 07, 2024, Mizuho started tracking the stock assigning a Neutral rating and target price of $25.

BMO Capital Markets Upgraded its Underperform to Outperform on April 09, 2024, whereas the target price for the stock was revised from $19 to $34.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 07 ’24 when Picho Diane I. bought 2,684 shares for $18.82 per share.

Picho Diane I. sold 2,684 shares of CC for $50,519 on Aug 07 ’24. The Interim Pres. – Titanium Tech now owns 19,890 shares after completing the transaction at $18.82 per share. On Aug 06 ’24, another insider, Picho Diane I., who serves as the Interim Pres. – Titanium Tech of the company, sold 73 shares for $19.04 each. As a result, the insider received 1,390 and left with 22,574 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 2713728768 and an Enterprise Value of 6347726336. As of this moment, Chemours’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.58, and their Forward P/E ratio for the next fiscal year is 6.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 3.75. Its current Enterprise Value per Revenue stands at 1.107 whereas that against EBITDA is 7.925.

Stock Price History:

Over the past 52 weeks, CC has reached a high of $35.15, while it has fallen to a 52-week low of $15.10. The 50-Day Moving Average of the stock is -20.88%, while the 200-Day Moving Average is calculated to be -31.79%.

Shares Statistics:

According to the various share statistics, CC traded on average about 1.38M shares per day over the past 3-months and 2270010 shares per day over the past 10 days. A total of 148.59M shares are outstanding, with a floating share count of 147.29M. Insiders hold about 1.32% of the company’s shares, while institutions hold 77.74% stake in the company. Shares short for CC as of 1722384000 were 5208066 with a Short Ratio of 3.76, compared to 1719532800 on 5138383. Therefore, it implies a Short% of Shares Outstanding of 5208066 and a Short% of Float of 5.1999997.

Dividends & Splits

The forward annual dividend rate for CC is 1.00, which was 1.0 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.055959705The stock’s 5-year Average Dividend Yield is 4.22.

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