Is There More Upside Ahead For CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS)

CCC Intelligent Solutions Holdings Inc (CCCS) concluded trading on Thursday at a closing price of $11.59, with 3.81 million shares of worth about $44.15 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.43% during that period and on Thursday the price saw a gain of about 2.48%. Currently the company’s common shares owned by public are about 622.07M shares, out of which, 219.61M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 64 times over the past 12 months. They bought 1,079,680 shares in 20 of the transactions. In 44 selling transactions, insiders dumped 350,203,670 shares.

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Stock saw a price change of 3.39% in past 5 days and over the past one month there was a price change of 6.53%. Year-to-date (YTD), CCCS shares are showing a performance of 1.76% which increased to 22.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.33 but also hit the highest price of $13.41 during that period. The average intraday trading volume for CCC Intelligent Solutions Holdings Inc shares is 1.97 million. The stock is currently trading 4.85% above its 20-day simple moving average (SMA20), while that difference is up 3.69% for SMA50 and it goes to 4.89% higher than SMA200.

CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) currently have 622.07M outstanding shares and institutions hold larger chunk of about 34.20% of that.

The stock has a current market capitalization of $6.98B and its 3Y-monthly beta is at 0.60. It has posted earnings per share of -$0.19 in the same period. It has Quick Ratio of 4.02 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CCCS, volatility over the week remained 2.19% while standing at 1.74% over the month.

Analysts are in expectations that CCC Intelligent Solutions Holdings Inc (CCCS) stock would likely to be making an EPS of $CCC Intelligent Solutions Holdi in the current quarter, while forecast for next quarter EPS is $11.59 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Century Communities, Inc. which is $CELL SOURCE INC at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Cactus Acquisition Corp. 1 Limi in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 17.53% while it is estimated to increase by 11.27% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on December 13, 2023 offering a Neutral rating for the stock and assigned a target price of $13 to it.

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