C4 Therapeutics Inc (NASDAQ: CCCC) is -2.78% lower on its value in year-to-date trading and has touched a low of $3.43 and a high of $11.88 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 CCCC stock was last observed hovering at around $3.66 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $3.50, the stock is -10.26% and -21.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing -4.50% at the moment leaves the stock -37.60% off its SMA200. CCCC registered -54.55% loss for a year compared to 6-month loss of -38.05%. The firm has a 50-day simple moving average (SMA 50) of $4.5033 and a 200-day simple moving average (SMA200) of $5.631475.
The stock witnessed a -18.79% gain in the last 1 month and extending the period to 3 months gives it a -33.96%, and is -10.71% down 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 8.09% over the week and 9.11% over the month.
C4 Therapeutics Inc (CCCC) has around 145 employees, a market worth around $247.06M and $33.67M in sales. Profit margin for the company is -313.35%. Distance from 52-week low is 2.04% and -70.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.69%).
with sales reaching $4.33M over the same period.The EPS is expected to grow by 42.65% this year, but quarterly earnings will post 72.58% year-over-year. Quarterly sales are estimated to grow 32.88% in year-over-year returns.
C4 Therapeutics Inc (CCCC) Top Institutional Holders
159.0 institutions hold shares in C4 Therapeutics Inc (CCCC), with institutional investors hold 103.20% of the company’s shares. The shares outstanding are 70.56M, and float is at 56.91M with Short Float at 15.12%. Institutions hold 91.41% of the Float.
The top institutional shareholder in the company is LYNX1 CAPITAL MANAGEMENT LP with over 6.88 million shares valued at $31.79 million. The investor’s holdings represent 9.9993% of the CCCC Shares outstanding. As of 2024-06-30, the second largest holder is RA CAPITAL MANAGEMENT, L.P. with 4.88 million shares valued at $22.54 million to account for 7.0891 of the shares outstanding. The other top investors are WASATCH ADVISORS LP which holds 4.85 million shares representing 7.0442% and valued at over $22.39 million, while BLACKROCK INC. holds 6.6146 of the shares totaling 4.55 million with a market value of $21.03 million.
C4 Therapeutics Inc (CCCC) Insider Activity
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Still, SEC filings show that on Oct 11 ’24, Salter Malcolm (Director) Proposed Sale 8,561 shares at an average price of $5.38 for $46061.0. The insider now directly holds shares of C4 Therapeutics Inc (CCCC).
