With 1.22 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.05 million shares. The 52-week range on CCCC shows that it touched its highest point at $7.66 and its lowest point at $1.09 during that stretch. It currently has a 1-year price target of $13.75. Beta for the stock currently stands at 2.94.
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 down-trending over the past week, with a drop of -3.62%, but this was down by -18.40% over a month. Three-month performance dropped to -44.58% while six-month performance fell -68.26%. The stock lost -73.35% in the past year, while it has lost -63.06% so far this year. A look at the trailing 12-month EPS for CCCC yields -1.47 with Next year EPS estimates of -1.53. For the next quarter, that number is -0.40. This implies an EPS growth rate of -11.89% for this year and 9.94% for next year. EPS is expected to grow by 6.55% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -8.92%.
Float and Shares Shorts:
At present, 70.99 million CCCC shares are outstanding with a float of 54.24 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.41209 being high and -$1.5788 being low. For CCCC, this leads to a yearly average estimate of -$1.49054. Based on analyst estimates, the high estimate for the next quarter is -$0.38 and the low estimate is -$0.53. The average estimate for the next quarter is thus -$0.45.
