CCC Intelligent Solutions Holdings Inc (CCCS): Not A Time To Panic Nor Freeze

CCC Intelligent Solutions Holdings Inc (CCCS) concluded trading on Wednesday at a closing price of $11.73, with 9.31 million shares of worth about $109.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.27% during that period and on December 18, 2024 the price saw a loss of about -3.06%. Currently the company’s common shares owned by public are about 625.33M shares, out of which, 420.26M shares are available for trading.

Stock saw a price change of -4.94% in past 5 days and over the past one month there was a price change of 1.03%. Year-to-date (YTD), CCCS shares are showing a performance of 2.99% which increased to 3.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.79 but also hit the highest price of $12.88 during that period. The average intraday trading volume for CCC Intelligent Solutions Holdings Inc shares is 2.91 million. The stock is currently trading -5.56% below its 20-day simple moving average (SMA20), while that difference is up 0.74% for SMA50 and it goes to 3.85% higher than SMA200.

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CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) currently have 625.33M outstanding shares and institutions hold larger chunk of about 70.99% of that.

The stock has a current market capitalization of $7.34B and its 3Y-monthly beta is at 0.71. PE ratio of stock for trailing 12 months is 157.45, while it has posted earnings per share of $0.07 in the same period. Its PEG reads 15.07 and has Quick Ratio of 3.05 while making debt-to-equity ratio of 0.44. 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 2.46% while standing at 2.30% over the month.

Stock’s fiscal year EPS is expected to rise by 16.39% while it is estimated to increase by 10.69% 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 Morgan Stanley on November 13, 2024 offering an Overweight rating for the stock and assigned a target price range of between $14 and $15 to it. Coverage by BofA Securities stated CCC Intelligent Solutions Holdings Inc (CCCS) stock as a Buy in their note to investors on August 20, 2024, suggesting a price target of $15 for the stock. On December 13, 2023, Citigroup Resumed their recommendations, while on December 12, 2023, Morgan Stanley Initiated their ratings for the stock with a price target of $13. Stock get a Buy rating from Stifel on September 22, 2023.

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