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Sunday, December 3, 2023

What Are The Chances Of CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for CCC Intelligent Solutions Holdings Inc (CCCS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.13, or -1.15%, to $11.15. The CCC Intelligent Solutions Holdings Inc has recorded 417,145 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that CCC Intelligent Solutions Announces Pricing of Secondary Offering of 65 Million Shares of Common Stock, Including Concurrent Common Stock Repurchase.

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Stocks Info

As a NASDAQ listed company, CCCS falls under the Technology sector while operating within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $11.28 and fluctuated between $11.47 as its day high and $11.19 as its day low. The current market capitalization of CCC Intelligent Solutions Holdings Inc is $7.16B. A total of 2.43 million shares were traded on the day, compared to an average of 2.68M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CCCS has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 27 BUYs and 31 SELLs from insiders. Insiders purchased 1,152,086 shares during that period but sold 938,248.

In the most recent transaction, Christo Rodney sold 12,500 shares of CCCS for 11.27 per share on Jun 05. After the transaction, the Chief Accounting Officer now owns 0 company shares. In a previous transaction on Jun 01, Herb Brian sold 97,459 shares at 11.08 per share. CCCS shares that the insider owns now total 192,120.

Among the insiders who sold shares, Christo Rodney disposed of 11,495 shares on Jun 01 at a per-share price of $11.08. This resulted in the Chief Accounting Officer holding 0 shares of CCCS after the transaction. In another insider transaction, Herb Brian sold 2,541 shares at $11.01 per share on May 31. Company shares held by the insider now total 289,579.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CCCS in the last 3 months, the mean price target is $13.21 with high estimates of $14.50 and low estimates of $11.00. In terms of 52-week highs and lows, CCCS has a high of $13.41 and a low of $8.24.

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 10 estimates, with a high estimate of $0.09 per share and a lower estimate of $0.07.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CCCS’s latest balance sheet shows that the firm has $182.54M in Cash & Short Term Investments as of fiscal 2021. There were $852.79M in debt and $136.65M in liabilities at the time. Its Book Value Per Share was $3.22, while its Total Shareholder’s Equity was $1.89B.

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, 0 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 Buy with a score of 4.45.

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