With 2.82 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.94 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $6.3695 whereas the lowest price it dropped to was $5.84. The 52-week range on CCCC shows that it touched its highest point at $11.88 and its lowest point at $1.06 during that stretch. It currently has a 1-year price target of $15.00. Beta for the stock currently stands at 3.03.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CCCC was up-trending over the past week, with a rise of 3.22%, but this was up by 18.25% over a month. Three-month performance surged to 5.18% while six-month performance fell -10.31%. The stock gained 290.38% in the past year, while it has gained 7.79% so far this year. A look at the trailing 12-month EPS for CCCC yields -1.70 with Next year EPS estimates of -1.53. For the next quarter, that number is -0.48. This implies an EPS growth rate of 43.71% for this year and -2.06% for next year. EPS is expected to grow by 22.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -36.05%.
Float and Shares Shorts:
At present, 60.47 million CCCC shares are outstanding with a float of 58.32 million shares on hand for trading. On 2024-10-15, short shares totaled 6.65 million, which was 943.0 higher than short shares on 1726185600. In addition to Mr. Andrew J. Hirsch M.B.A. as the firm’s CEO, President & Director, Dr. Kenneth C. Anderson M.D., Ph.D. serves as its Co-Founder, Independent Director & Member of Scientific Advisory Board.
Institutional Ownership:
Through their ownership of 0.87077004 of CCCC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CCCC reported revenue of $15362000.0 and operating income of -$28244000.0. The EBITDA in the recently reported quarter was -$24224000.0 and diluted EPS was -$0.35.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CCCC since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CCCC analysts setting a high price target of 39.0 and a low target of 8.0, the average target price over the next 12 months is 16.14. Based on these targets, CCCC could surge 540.39% to reach the target high and rise by 31.36% to reach the target low. Reaching the average price target will result in a growth of 165.02% from current levels.
The surprise factor in the prior quarter was -$0.37. Based on analyst estimates, the high estimate for the next quarter is -$0.46 and the low estimate is -$0.49. The average estimate for the next quarter is thus -$0.47.
