CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) Not A Good Play Anymore?

CCC Intelligent Solutions Holdings Inc (CCCS) concluded trading on Wednesday at a closing price of $10.26, with 15.25 million shares of worth about $156.49 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.65% during that period and on July 31, 2024 the price saw a loss of about -6.98%. Currently the company’s common shares owned by public are about 603.13M shares, out of which, 418.34M shares are available for trading.

Stock saw a price change of -6.98% in past 5 days and over the past one month there was a price change of -7.57%. Year-to-date (YTD), CCCS shares are showing a performance of -9.92% which decreased to -6.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.32 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 4.37 million. The stock is currently trading -7.91% below its 20-day simple moving average (SMA20), while that difference is down -9.53% for SMA50 and it goes to -10.00% lower than SMA200.

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CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) currently have 603.13M outstanding shares and institutions hold larger chunk of about 51.51% of that.

The stock has a current market capitalization of $6.38B and its 3Y-monthly beta is at 0.62. PE ratio of stock for trailing 12 months is 296.53, while it has posted earnings per share of $0.03 in the same period. Its PEG reads 22.30 and has Quick Ratio of 2.66 while making debt-to-equity ratio of 0.45. 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 2.42% while standing at 1.94% over the month.

Stock’s fiscal year EPS is expected to rise by 12.74% while it is estimated to increase by 12.90% 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. Coverage by Morgan Stanley stated CCC Intelligent Solutions Holdings Inc (CCCS) stock as an Equal-weight in their note to investors on December 12, 2023, suggesting a price target of $13 for the stock. On September 22, 2023, Stifel Initiated their recommendations, while on May 23, 2023, Evercore ISI Upgrade their ratings for the stock with a price target of $13. Stock get a Buy rating from Jefferies on April 25, 2023.

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