Market Update: CCC Intelligent Solutions Holdings Inc (CCCS) Sees Negative Movement, Closing at 10.63

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In the latest session, CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) closed at $10.63 down -1.02% from its previous closing price of $10.74. In other words, the price has decreased by -$1.02 from its previous closing price. On the day, 1.29 million shares were traded. CCCS stock price reached its highest trading level at $10.75 during the session, while it also had its lowest trading level at $10.61.

Ratios:

For a deeper understanding of CCC Intelligent Solutions Holdings Inc’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 27.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.60. 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.Morgan Stanley initiated its Equal-Weight rating on December 12, 2023, with a $13 target price.

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 Aug 21 ’24 when Silva Michael John sold 29,022 shares for $10.75 per share. The transaction valued at 312,100 led to the insider holds 30,172 shares of the business.

Silva Michael John bought 29,022 shares of CCCS for $312,099 on Aug 21 ’24. On Aug 13 ’24, another insider, PRIGGE MARY JO, who serves as the insider of the company, sold 38,816 shares for $10.25 each. As a result, the insider received 397,864 and left with 97,268 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 6626742272 and an Enterprise Value of 7265079808. As of this moment, CCC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 307.23, and their Forward P/E ratio for the next fiscal year is 26.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 26.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.29 while its Price-to-Book (P/B) ratio in mrq is 3.50. Its current Enterprise Value per Revenue stands at 7.987 whereas that against EBITDA is 41.254.

Stock Price History:

Over the past 52 weeks, CCCS has reached a high of $13.01, while it has fallen to a 52-week low of $9.79. The 50-Day Moving Average of the stock is -0.36%, while the 200-Day Moving Average is calculated to be -5.03%.

Shares Statistics:

For the past three months, CCCS has traded an average of 3.21M shares per day and 2625560 over the past ten days. A total of 603.13M shares are outstanding, with a floating share count of 418.11M. Insiders hold about 32.93% of the company’s shares, while institutions hold 69.53% stake in the company. Shares short for CCCS as of 1726185600 were 14127102 with a Short Ratio of 4.40, compared to 1723680000 on 11276330. Therefore, it implies a Short% of Shares Outstanding of 14127102 and a Short% of Float of 3.73.

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