CC (Chemours Company) has impressive results

While Chemours Company has underperformed by -2.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CC fell by -7.84%, with highs and lows ranging from $39.05 to $22.88, whereas the simple moving average jumped by 1.93% in the last 200 days.

On December 01, 2023, RBC Capital Mkts Upgraded Chemours Company (NYSE: CC) to Outperform.

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Analysis of Chemours Company (CC)

A return on investment can be expected regardless of CC’s performance over the next quarter with the dividend set at $0.99 per share. Further, the quarter-over-quarter decrease in sales is -16.32%, showing a negative trend in the upcoming months.

To gain a thorough understanding of Chemours Company’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -30.21% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.08, 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.

It is also very valuable to look at average volume as an indicator of volatility for a stock, and CC is recording an average volume of 1.25M. On a monthly basis, the volatility of the stock is set at 3.10%, whereas on a weekly basis, it is put at 4.04%, with a gain of 8.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $33.67, showing growth from the present price of $31.26, which can serve as yet another indication of whether CC is worth investing in or should be passed over.

How Do You Analyze Chemours Company Shares?

The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 1.17%. 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 78.24% 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 -1.22% in the first quarter. The company now owns 15,961,346 shares of the stock, with a value of $503.42 million, following the sale of -196,694 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 -1.19%. During the last quarter, the company dropped down -184,448 additional shares for a total stake of worth $483.35 million, bringing number of shares owned by the company to 15,325,082.

During the first quarter, Fidelity Management & Research Co subtracted a -1,495,819 position in CC. SSgA Funds Management, Inc. sold an additional -0.12 million shares in the last quarter, decreasing its holdings by -2.82%, now holding 4.25 million shares worth $134.12 million. At the end of the first quarter, JPMorgan Investment Management, I increased its CC holdings by 11.55% and now holds 3.45 million CC shares valued at $108.77 million with the added 0.36 million shares during the period. CC shares are owned by institutional investors to the tune of 78.24% at present.

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