C4 Therapeutics Inc (NASDAQ: CCCC) is 11.68% higher on its value in year-to-date trading and has touched a low of $1.06 and a high of $11.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CCCC stock was last observed hovering at around $6.05 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $6.31, the stock is 3.86% and 14.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 4.30% at the moment leaves the stock 8.38% off its SMA200. CCCC registered 93.56% gain for a year compared to 6-month loss of -12.97%.
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The stock witnessed a -2.62% gain in the last 1 month and extending the period to 3 months gives it a 9.55%, and is 11.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.72% over the week and 8.36% over the month.
C4 Therapeutics Inc (CCCC) has around 145 employees, a market worth around $437.54M and $29.38M in sales. Profit margin for the company is -367.17%. Distance from 52-week low is 495.28% and -46.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.80%).
The EPS is expected to grow by 45.69% this year
143.0 institutions hold shares in C4 Therapeutics Inc (CCCC), with institutional investors hold 99.98% of the company’s shares. The shares outstanding are 60.47M, and float is at 57.26M with Short Float at 18.28%. Institutions hold 88.33% of the Float.
The top institutional shareholder in the company is STATE STREET CORP with over 7.15 million shares valued at $58.44 million. The investor’s holdings represent 10.4531 of the CCCC Shares outstanding. As of 2024-03-31, the second largest holder is RA CAPITAL MANAGEMENT, L.P. with 4.88 million shares valued at $39.85 million to account for 7.1282 of the shares outstanding. The other top investors are WASATCH ADVISORS LP which holds 4.33 million shares representing 6.3252 and valued at over $35.36 million, while LYNX1 CAPITAL MANAGEMENT LP holds 5.3113 of the shares totaling 3.63 million with a market value of $29.7 million.
