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 April 24, 2024, CCCS stock price climbed to $11.53 with 2,059,874 million shares trading.

CCCS has a beta of 0.53, meaning it tends to be less sensitive to market movements. CCCS has a correlation of 0.05 to the broad based SPY ETF.

CCCS has a market cap of $7.08 billion. This is considered a Mid Cap stock.

Last quarter CCC Intelligent Solutions Holdings reported $229 million in Revenue and $.09 earnings per share. This beat revenue expectation by $6 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 outperformed the market in the last year with a return of +27.4%, while the SPY ETF gained +24.2%. However, in the most recent history, CCCS shares have underperformed the stock market with its stock returning +4.5% in the last 3 month period and -3.0% for the last 2 week period, while SPY has returned +4.6% and -2.7%, respectively.

CCCS support price is $11.35 and resistance is $11.64 (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.