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Friday, December 2, 2022

CCC Intelligent Solutions Holdings Inc. (CCCS): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for CCC Intelligent Solutions Holdings Inc. (CCCS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.18, or +1.95%, to $9.42. Volume reached 15,886 shares, with price reaching a high of $9.42 and a low of $9.42. Recently, Yahoo Finance discussed the stock, revealing that GEICO Extends Relationship With CCC to Include Smart Digital Fraud Detection.

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Stocks Info

This NYSE-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $9.42 and fluctuated between $9.52 as its day high and $9.35 as its day low. The current market capitalization of CCC Intelligent Solutions Holdings Inc. is $5.83B. A total of 1.39 million shares were traded on the day, compared to an average of 1.13M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CCCS has seen 11 BUY and 10 SELL insider trades, representing the acquisition of 895,291 and the disposition of 438,737 shares. Over the last 12 months, there were 11 BUYs and 22 SELLs from insiders. Insiders purchased 895,291 shares during that period but sold 70,463,517.

In the most recent transaction, PRIGGE MARY JO sold 102,165 shares of CCCS for 9.53 per share on Sep 08. After the transaction, the now owns 0 company shares. In a previous transaction on Aug 10, INGRAM WILLIAM sold 8,404 shares at 9.86 per share. CCCS shares that Director owns now total 0.

Among the insiders who sold shares, INGRAM WILLIAM disposed of 19,096 shares on Aug 08 at a per-share price of $9.88. This resulted in the Director holding 8,404 shares of CCCS after the transaction. In another insider transaction, PRIGGE MARY JO sold 115,422 shares at $9.83 per share on Aug 08. Company shares held by the now total 0.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CCCS in the last 3 months, the mean price target is $12.50 with high estimates of $15.00 and low estimates of $11.00. In terms of 52-week highs and lows, CCCS has a high of $13.46 and a low of $7.41.

As of this writing, CCCS has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.09 per share and a lower estimate of $0.07. The company reported an EPS of $0.06 in the last quarter, which was -25% lower than expectations of $0.08.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CCCS is Overweight with a score of 4.67. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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