In the last trading session, 1.63 million shares of the Chemours Company (NYSE:CC) were traded, and its beta was 1.96. Most recently the company’s share price was $26.12, and it changed around $0.28 or 1.08% from the last close, which brings the market valuation of the company to $3.88B. CC currently trades at a discount to its 52-week high of $39.05, offering almost -49.5% off that amount. The share price’s 52-week low was $15.10, which indicates that the current value has risen by an impressive 42.19% since then. We note from Chemours Company’s average daily trading volume that its 10-day average is 5.28 million shares, with the 3-month average coming to 1.87 million.
Chemours Company stock received a consensus recommendation rating of Buy, based on a mean score of 3.22. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended CC as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Chemours Company is expected to report earnings per share of $0.25 for the current quarter.
Chemours Company (NYSE:CC) trade information
Instantly CC has showed a green trend with a performance of 1.08% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -17.18% year-to-date, but still up 29.37% over the last five days. On the other hand, Chemours Company (NYSE:CC) is -12.93% down in the 30-day period. We can see from the shorts that 4.64 million shares have been sold at a short interest cover period of 3.73 day(s).
The consensus price target as assigned by Wall Street analysts is $38.75, which translates to bulls needing to increase their stock price by 32.59% from its current value. Analyst projections state that CC is forecast to be at a low of $33 and a high of $42.
Chemours Company (CC) estimates and forecasts
Chemours Company share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -18.30 percent over the past six months and at a -36.27% annual growth rate that is well below the industry average of 2.10%. The year-over-year growth rate is expected to be -11.70%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $1.32 billion in revenue for the current quarter. 4 analysts expect Chemours Company to make $1.55 billion in revenue for the quarter ending Mar 2024. The company’s sales for the same quarters a year ago were $1.34 billion and $1.46 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.60%. Forecasts for the next quarter put sales growth at 5.90%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -1.34%. Chemours Company earnings are expected to increase by -35.30% in 2024, but the outlook is positive 7.40% per year for the next five years.
CC Dividends
Chemours Company’s next quarterly earnings report is expected to be released around March 11 and March 13. The annual dividend yield of the stock is 3.83 percent and its annual dividend per share was 1.00. It is important to note, however, that the 3.83% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Chemours Company (NYSE:CC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.78% of Chemours Company shares, and 77.51% of them are in the hands of institutional investors. The stock currently has a share float of 78.12%. Chemours Company stock is held by 577 institutions, with FMR, LLC being the largest institutional investor. By Jun 29, 2023, it held 12.78% of the shares, which is about 18.92 million shares worth $697.98 million.
Blackrock Inc., with 11.52% or 17.05 million shares worth $629.16 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF were the top two Mutual Funds as of Jun 29, 2023. The former held 4.63 million shares worth $170.8 million, making up 3.13% of all outstanding shares. On the other hand, iShares Core S&P Midcap ETF held roughly 4.63 million shares worth around $129.84 million, which represents about 3.13% of the total shares outstanding.
