In today’s recent session, 2.08 million shares of the Chemours Company (NYSE:CC) have been traded, and its beta is 1.61. Most recently the company’s share price was $11.56, and it changed around $0.82 or 7.68% from the last close, which brings the market valuation of the company to $1.73B. CC at last check was trading at a discount to its 52-week high of $25.54, offering almost -120.93% off that amount. The share price’s 52-week low was $9.13, which indicates that the recent value has risen by an impressive 21.02% since then. We note from Chemours Company’s average daily trading volume that its 10-day average is 3.46 million shares, with the 3-month average coming to 3.89 million.
Chemours Company stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 5 recommended CC as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
Chemours Company (NYSE:CC) trade information
Instantly CC has been showing a green trend so far today with a performance of 7.68% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 11.70 on recent trading dayincreased the stock’s daily price by 1.2%. The company’s shares are currently down -31.57% year-to-date, but still down -2.57% over the last five days. On the other hand, Chemours Company (NYSE:CC) is 3.44% up in the 30-day period. We can see from the shorts that 12.75 million shares have been sold at a short interest cover period of 3.04 day(s).
The consensus price target as assigned by Wall Street analysts is $16, which translates to bulls needing to increase their stock price by 27.75% from its current value. Analyst projections state that CC is forecast to be at a low of $15 and a high of $17.
Chemours Company earnings are expected to increase by 35.50% in 2025, but the outlook is positive 33.27% per year for the next five years.
CC Dividends
Chemours Company’s next quarterly earnings report is expected to be released on 2025-May-06. The annual dividend yield of the stock is 7.24 percent and its annual dividend per share was 0.84. It is important to note, however, that the 7.24% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.04 per year.
Chemours Company (NYSE:CC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.46% of Chemours Company shares, and 98.02% of them are in the hands of institutional investors. The stock currently has a share float of 98.47%. Chemours Company stock is held by 543.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 11.7284% of the shares, which is about 17.52 million shares worth $395.51 million.
BLACKROCK INC., with 10.8823% or 16.26 million shares worth $366.98 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
