Chemours Company (CC) saw an uptrend of 6.17% in the recent trading with $12.21 being its most recent. The current price level -45.44% lower than the highest price of $22.38 marked by the stock while trading over the past 52-weeks, whereas it is 33.73% higher than the lowest price of $9.13 the company dropped to over past 52-weeks. The latest news story on CC appeared in (Business Wire) under the title “Chemours, DuPont and Corteva Reach Agreement with the State of New Jersey to Comprehensively Resolve All Environmental Claims Including PFAS” on.
Looking into the simple moving average, Chemours Company (CC)’s stock stands at a SMA-50 of $12.01 while that of 5-day is reading $12.37.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CC’s SMA-200 as of now is $15.31.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 13 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
Chemours Company Earnings – What Happened With CC
Coming around sales and income figures on CC Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Chemours Company – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 149.57 million. CC does have institutional investors; and they hold 97.94% of the stock.
As on 2024-06-30, FMR LLC was the top most holder in Chemours Company (NYSE:CC) with an ownership of 17.52 million shares of the company or 11.7284 of the stake worth $395.51 million. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 10.8823 of the outstanding shares. Its stake is worth $366.98 million for having 16.26 million shares in hand.
VANGUARD GROUP INC also came holding a key position in the company during the recent quarter and it now holds 10.1483 of the outstanding shares. With this there are now 537.0 institutions which have possession in CC’s shares.
Key Metrics forCC
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Chemours Company has a debt to equity ratio of 7.57.
