Market Resilience: Chemours Company (CC) Finishes Weak at 18.69, Down -4.40

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Chemours Company (NYSE: CC) closed the day trading at $18.69 down -4.40% from the previous closing price of $19.55. In other words, the price has decreased by -$4.40 from its previous closing price. On the day, 1.48 million shares were traded. CC stock price reached its highest trading level at $19.35 during the session, while it also had its lowest trading level at $18.57.

Ratios:

For a better understanding of CC, let’s look at its different ratios. 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:

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 Aug 07 ’24 when Picho Diane I. sold 2,684 shares for $18.82 per share. The transaction valued at 50,519 led to the insider holds 19,890 shares of the business.

Picho Diane I. sold 73 shares of CC for $1,390 on Aug 06 ’24. The Interim Pres. – Titanium Tech now owns 22,574 shares after completing the transaction at $19.04 per share. On Aug 07 ’24, another insider, Picho Diane I., who serves as the Officer of the company, bought 2,684 shares for $18.82 each.

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 2789856256 and an Enterprise Value of 6423854080. As of this moment, Chemours’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.24, and their Forward P/E ratio for the next fiscal year is 7.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 3.86. Its current Enterprise Value per Revenue stands at 1.12 whereas that against EBITDA is 8.02.

Stock Price History:

Over the past 52 weeks, CC has reached a high of $32.70, while it has fallen to a 52-week low of $15.10. The 50-Day Moving Average of the stock is -6.19%, while the 200-Day Moving Average is calculated to be -26.78%.

Shares Statistics:

Over the past 3-months, CC traded about 1.35M shares per day on average, while over the past 10 days, CC traded about 1417830 shares per day. A total of 148.59M shares are outstanding, with a floating share count of 147.28M. Insiders hold about 1.34% of the company’s shares, while institutions hold 78.81% stake in the company. Shares short for CC as of 1724976000 were 6460914 with a Short Ratio of 5.42, compared to 1722384000 on 5208066. Therefore, it implies a Short% of Shares Outstanding of 6460914 and a Short% of Float of 6.45.

Dividends & Splits

CC’s forward annual dividend rate is 1.00, up from 1.0 a year ago. Against a Trailing Annual Dividend Yield of 0.051150896The stock’s 5-year Average Dividend Yield is 4.19.

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