The Chemours Company (NYSE:CC) marked $28.01 per share on Thursday, down from a previous closing price of $28.40. While The Chemours Company has underperformed by -1.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CC fell by -31.42%, with highs and lows ranging from $44.95 to $23.58, whereas the simple moving average fell by -10.51% in the last 200 days.
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Analysis of The Chemours Company (CC)
CC currently pays a dividend of $1.00 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -12.90%, showing a negative trend in the upcoming months.
In order to gain a clear picture of The Chemours Company’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 40.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.15M can be a very valuable indicator of volatility for CC stock. On a monthly basis, the volatility of the stock is set at 3.70%, whereas on a weekly basis, it is put at 2.67%, with a loss of -6.60% over the past seven days. Furthermore, long-term investors anticipate a median target price of $38.00, showing growth from the present price of $28.01, which can serve as yet another indication of whether CC is worth investing in or should be passed over.
How Do You Analyze The Chemours Company Shares?
The USA based company The Chemours Company (CC) is one of the biggest names in Specialty Chemicals. When comparing The Chemours Company shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 9.06, there is a growth in quarterly earnings of -33.00%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in CC shares?
The recent increase in stakes in CC appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in CC has decreased by -4.27% in the first quarter. The company now owns 17,419,672 shares of the stock, with a value of $506.39 million, following the sale of -776,670 additional shares during the last quarter. BlackRock Fund Advisors made another decreased to its shares in CC during the first quarter, downing its stake by -5.12%. During the last quarter, the company picked up -866,968 additional shares for a total stake of worth $467.12 million, bringing number of shares owned by the company to 16,068,849.
During the first quarter, Fidelity Management & Research Co added a 3,257,782 position in CC. SSgA Funds Management, Inc. sold an additional 35778.0 shares in the last quarter, decreasing its holdings by -0.80%, now holding 4.44 million shares worth $129.04 million. At the end of the first quarter, LSV Asset Management decreased its CC holdings by -2.57% and now holds 2.88 million CC shares valued at $83.61 million with the lessened 75846.0 shares during the period. CC shares are owned by institutional investors to the tune of 76.70% at present.
