CCCS Stock Summary and Trading Ideas (CCC Intelligent Solutions Holdings | NASDAQ:CCCS)

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.

CCC Intelligent Solutions Holdings trades on the NASDAQ stock market under the symbol CCCS.

As of May 24, 2024, CCCS stock price climbed to $11.81 with 350,270 million shares trading.

CCCS has a beta of 0.59, meaning it tends to be less sensitive to market movements. CCCS has a correlation of 0.06 to the broad based SPY ETF.

CCCS has a market cap of $7.30 billion. This is considered a Mid Cap stock.

Last quarter CCC Intelligent Solutions Holdings reported $227 million in Revenue and $.09 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.01.

The top ETF exchange traded funds that CCCS belongs to (by Net Assets): VTI, VB, VBR, VXF, SCHA.

CCCS has underperformed the market in the last year with a return of +18.1%, while the SPY ETF gained +29.2%. In the last 3 month period, CCCS fell short of the market, returning +4.0%, while SPY returned +4.4%. However, in the most recent 2 weeks CCCS has outperformed the stock market by returning +10.7%, while SPY returned +1.6%.

CCCS support price is $11.51 and resistance is $11.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CCCS stock will trade within this expected range on the day.