CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) has a beta value of 0.71 and has seen 5.4 million shares traded in the recent trading session. The company, currently valued at $7.53B, closed the recent trade at $12.03 per share which meant it lost -$0.07 on the day or -0.54% during that session. The CCCS stock price is -7.07% off its 52-week high price of $12.88 and 18.62% above the 52-week low of $9.79. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.89 million shares traded. The 3-month trading volume is 2.91 million shares.
The consensus among analysts is that CCC Intelligent Solutions Holdings Inc (CCCS) is Buy stock at the moment, with a recommendation rating of 1.47. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.1.
CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) trade information
Sporting -0.54% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CCCS stock price touched $12.03 or saw a rise of 3.53%. Year-to-date, CCC Intelligent Solutions Holdings Inc shares have moved 5.66%, while the 5-day performance has seen it change -2.47%. Over the past 30 days, the shares of CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) have changed 3.66%. Short interest in the company has seen 19.53 million shares shorted with days to cover at 6.27.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could jump 19.8% from the levels at last check today. The projected low price target is $13.0 while the price target rests at a high of $15.0. In that case, then, we find that the latest price level in today’s session is -24.69% off the targeted high while a plunge would see the stock gain -8.06% from the levels at last check today.
CCC Intelligent Solutions Holdings Inc (CCCS) estimates and forecasts
Figures show that CCC Intelligent Solutions Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 6.98% over the past 6 months, with this year growth rate of 15.63%, compared to 9.70% for the industry. Revenue growth from the last financial year stood is estimated to be 8.92%.
10 analysts offering their estimates for the company have set an average revenue estimate of 245.23M for the current quarter. 8 have an estimated revenue figure of 246.47M for the next ending quarter. Year-ago sales stood 228.6M and 227.24M respectively for this quarter and the next, and analysts expect sales will grow by 7.27% for the current quarter and 8.92% for the next.
Earnings growth for 2024 is a modest 16.39% while over the next 5 years, the company’s earnings are expected to increase by 10.45%.
CCCS Dividends
CCC Intelligent Solutions Holdings Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS)’s Major holders
Insiders own 3.90% of the company shares, while shares held by institutions stand at 99.61% with a share float percentage of 103.65%. Investors are also buoyed by the number of investors in a company, with CCC Intelligent Solutions Holdings Inc having a total of 393.0 institutions that hold shares in the company. The top two institutional holders are ADVENT INTERNATIONAL CORP/MA with over 139.34 million shares worth more than $1.55 billion. As of 2024-06-30, ADVENT INTERNATIONAL CORP/MA held 23.2905% of shares outstanding.
The other major institutional holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC., with the holding of over 55.94 million shares as of 2024-06-30. The firm’s total holdings are worth over $621.48 million and represent 9.3499% of shares outstanding.
