Chemours Company (NYSE: CC) is -30.82% lower on its value in year-to-date trading and has touched a low of $15.10 and a high of $32.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CC stock was last observed hovering at around $21.92 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $21.82, the stock is 9.36% and 11.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -0.46% at the moment leaves the stock -5.19% off its SMA200. CC registered -16.49% loss for a year compared to 6-month loss of -14.73%. The firm has a 50-day simple moving average (SMA 50) of $19.602 and a 200-day simple moving average (SMA200) of $23.01465.
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The stock witnessed a 19.30% gain in the last 1 month and extending the period to 3 months gives it a 12.82%, and is 13.35% 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 4.25% over the week and 3.56% over the month.
Chemours Company (CC) has around 6200 employees, a market worth around $3.25B and $5.75B in sales. Current P/E ratio is 47.69 and Fwd P/E is 9.44. Profit margin for the company is 1.20%. Distance from 52-week low is 44.50% and -33.27% from its 52-week high. The company has generated returns on investments over the last 12 months (1.43%).
The EPS is expected to shrink by -56.46% this year
547.0 institutions hold shares in Chemours Company (CC), with institutional investors hold 83.53% of the company’s shares. The shares outstanding are 148.59M, and float is at 148.33M with Short Float at 4.91%. Institutions hold 82.93% of the Float.
The top institutional shareholder in the company is FMR LLC with over 17.52 million shares valued at $395.51 million. The investor’s holdings represent 11.7582 of the CC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.26 million shares valued at $366.98 million to account for 10.9099 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 15.16 million shares representing 10.1741 and valued at over $342.23 million, while MARSHALL WACE, LLP holds 4.7035 of the shares totaling 7.01 million with a market value of $158.21 million.
Chemours Company (CC) Insider Activity
The most recent transaction is an insider sale by Scarborough Alvenia, the company’s SVP Corp Communications & CBO. SEC filings show that Scarborough Alvenia sold 7,500 shares of the company’s common stock on Nov 07 ’24 at a price of $20.64 per share for a total of $0.15 million. Following the sale, the insider now owns 16645.0 shares.
Still, SEC filings show that on Aug 07 ’24, Picho Diane I. (Interim Pres. – Titanium Tech) disposed off 2,684 shares at an average price of $18.82 for $50519.0. The insider now directly holds 19,890 shares of Chemours Company (CC).
