In last trading session, C4 Therapeutics Inc (NASDAQ:CCCC) saw 0.32 million shares changing hands with its beta currently measuring 2.31. Company’s recent per share price level of $1.81 trading at -$0.01 or -0.55% at ring of the bell on the day assigns it a market valuation of $89.20M. That closing price of CCCC’s stock is at a discount of -453.04% from its 52-week high price of $10.01 and is indicating a premium of 32.04% from its 52-week low price of $1.23. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.4 million shares which gives us an average trading volume of 483.14K if we extend that period to 3-months.
For C4 Therapeutics Inc (CCCC), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.91. Splitting up the data highlights that, out of 11 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.66 in the current quarter.
C4 Therapeutics Inc (NASDAQ:CCCC) trade information
Upright in the red during last session for losing -0.55%, in the last five days CCCC remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $1.81 price level, adding 10.84% to its value on the day. C4 Therapeutics Inc’s shares saw a change of -69.32% in year-to-date performance and have moved 5.23% in past 5-day. C4 Therapeutics Inc (NASDAQ:CCCC) showed a performance of -2.16% in past 30-days. Number of shares sold short was 1.91 million shares which calculate 3.26 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $16.20 to the stock, which implies a rise of 88.83% to its current value. Analysts have been projecting $1.00 as a low price target for the stock while placing it at a high target of $84.00. It follows that stock’s current price would drop -4540.88% in reaching the projected high whereas dropping to the targeted low would mean a gain of 44.75% for stock’s current value.
C4 Therapeutics Inc (CCCC) estimates and forecasts
Statistics highlight that C4 Therapeutics Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -44.65% of value to its shares in past 6 months, showing an annual growth rate of 3.44% while that of industry is 14.80. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 14.30% in the current quarter and calculating 16.90% increase in the next quarter. This year revenue growth is estimated to fall -31.10% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.19 million for the same. Company posted $2.85 million and $5.15 million of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -46.29% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 0.51% while estimates for its earnings growth in next 5 years are of 22.30%.
C4 Therapeutics Inc is more likely to be releasing its next quarterly report on November 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.