The Chemours Company (CC) Performance and Fundamentals Dashboard tells a completely different story

The Chemours Company (NYSE: CC) stock fell -2.07% on Wednesday to $28.40 against a previous-day closing price of $29.00. With 0.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.15 million shares. During the session, the Specialty Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $28.82 whereas the lowest price it dropped to was $28.30. The 52-week range on CC shows that it touched its highest point at $44.95 and its lowest point at $23.58 during that stretch. It currently has a 1-year price target of $38.00. With its current market cap of 4.28 billion, CC has annualized dividend of $1.00 while the current yield stands at 3.52%. Beta for the stock currently stands at 1.86.

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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 CC was down-trending over the past week, with a drop of -0.80%, but this was up by 3.01% over a month. Three-month performance dropped to -16.32% while six-month performance fell -11.72%. The stock lost -31.32% in the past year, while it has lost -7.25% so far this year. A look at the trailing 12-month EPS for CC yields 3.09 with Next year EPS estimates of 5.48. For the next quarter, that number is 1.14. This implies an EPS growth rate of 1.30% for this year and 29.88% for next year. EPS is expected to grow by 10.57% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.30%.

Float and Shares Shorts:

At present, 149.00 million CC shares are outstanding with a float of 146.83 million shares on hand for trading. On Apr 27, 2023, short shares totaled 4.21 million, which was 2.82% higher than short shares on Mar 30, 2023. In addition to Mr. Mark E. Newman as the firm’s CEO, Pres & Director, Mr. Sameer Ralhan serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 75.06% of CC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 93.17% of CC, in contrast to 2.24% held by mutual funds. Shares owned by individuals account for -19.46%. As the largest shareholder in CC with 11.74% of the stake, The Vanguard Group, Inc. holds 17,419,672 shares worth 17,419,672. A second-largest stockholder of CC, BlackRock Fund Advisors, holds 16,068,849 shares, controlling over 10.83% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in CC, holding 12,999,348 shares or 8.76% stake. With a 44.49% stake in CC, the RBC Global Resources Fund is the largest stakeholder. A total of 66,000,000 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.12% of CC stock, is the second-largest Mutual Fund holder. It holds 4,628,858 shares valued at 134.56 million. Vanguard Total Stock Market ETF holds 3.10% of the stake in CC, owning 4,593,427 shares worth 133.53 million.

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 Mar 30, 2023, CC reported revenue of $1.92B and operating income of $218.00M. The EBITDA in the recently reported quarter was $272.00M and diluted EPS was $1.26.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CC analysts setting a high price target of $54.00 and a low target of $25.00, the average target price over the next 12 months is $37.73. Based on these targets, CC could surge 90.14% to reach the target high and fall by -11.97% to reach the target low. Reaching the average price target will result in a growth of 32.85% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded CC stock several times over the past three months with 23 Buys and 20 Sells. In these transactions, 181,312 shares were bought while 61,608 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 28 over the past year. The total number of shares bought during that period was 617,548 while 267,278 shares were sold.

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