Chemours Company (NYSE: CC) is -13.61% lower on its value in year-to-date trading and has touched a low of $13.09 and a high of $29.21 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 $14.40 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $14.60, the stock is -2.74% and -14.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.67 million and changing 1.39% at the moment leaves the stock -25.77% off its SMA200. CC registered -45.60% loss for a year compared to 6-month gain of -14.87%. The firm has a 50-day simple moving average (SMA 50) of $17.0868 and a 200-day simple moving average (SMA200) of $19.66945.
The stock witnessed a -17.93% loss in the last 1 month and extending the period to 3 months gives it a -24.82%, and is 8.55% 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 5.15% over the week and 5.58% over the month.
Chemours Company (CC) has around 6000 employees, a market worth around $2.18B and $5.78B in sales. Current P/E ratio is 25.21 and Fwd P/E is 5.20. Profit margin for the company is 1.50%. Distance from 52-week low is 11.54% and -50.02% from its 52-week high. The company has generated returns on investments over the last 12 months (1.79%).
with sales reaching $1.36B over the same period.The EPS is expected to grow by 61.25% this year, but quarterly earnings will post 2.04% year-over-year. Quarterly sales are estimated to grow 0.44% in year-over-year returns.
Chemours Company (CC) Top Institutional Holders
565.0 institutions hold shares in Chemours Company (CC), with institutional investors hold 86.58% of the company’s shares. The shares outstanding are 149.43M, and float is at 148.42M with Short Float at 5.93%. Institutions hold 85.79% 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 11.7284% 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 4.6916 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).
