CCC stock: buy or sell?

CCC stock price: $21.76 0.00% At close on February 14th, 2020

Updated on:
February 14th, 2020

5

After topping to all time highs on Wednesday, Churchill Capital stayed steady 0.00% on Feb/14 to $21.76.

Should I buy CCC stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, 2 buy setups work for Churchill Capital stock now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Churchill Capital stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for CCC stock for the last month.

CCC stock analysis

Daily outlook

Churchill Capital stayed steady 0.00% to $21.76 after marking all time highs on Wednesday.

After several days of continuous rises in past weeks, Churchill Capital stayed stable 0.00% to $21.76. From a daily perspective, CCC is in a short term uptrend after plotting its last bottom ($20.14, on January 31st) higher than the previous bottom, and its last top ($22.40, on Wednesday) also over the previous top. Now trading in between its last bottom and last top CCC might consolidate in a plain range, waiting to break out over $22.40 or down under $20.14. On January CCC price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. Since SMA50d and SMA100d crossed up on December, CCC price climbed $4.66 per share (27.25%). On Wednesday, CCC hit a new all time high, pushing higher than on Tuesday tops. Check different trading setups that use ATHs as triggers.

CCC stock chart (daily)

Weekly outlook

Churchill Capital escalated 2.64% this week and set a new all time high at $22.40. Late January CCC rocketed an astounding 7.62% in just one week.

CCC shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom by mid December 2019, CCC climbed unceasignly breaking out to new all time highs. Late December 2019 CCC price bounced up over the SMA of 20 weeks that acted as support stopping new slides. Since late December 2019 when SMA10w and SMA20w crossed up, CCC price gained $4.48 per share (25.93%).

CCC stock chart (weekly)

CCC stock price history

CCC stock went public on October 29th, 2018 with a price of $9.701. Since then, CCC stock grew a 124.30%, with an average of 124.30% per year. If you had invested $1,000 in CCC stock in 2018, it would worth $1,243.00 today.

1: Adjusted price after possible price splits or reverse-splits.

CCC stock historical price chart

CCC stock reached all-time highs on Wednesday with a price of $22.40.

CCC stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' CCC stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not detected any price forecast for Churchill Capital stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After presenting its last earnings report , Churchill Capital . As soon as we get its actual EPS from the earnings report, we will update this report.
CCC earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2016-Q4-n/a-0.12n/a
2017-Q1-n/a0.02n/a
2017-Q2-n/a0.12n/a
2017-Q32017-11-060.160.13-18.8%
2017-Q42018-03-010.150.13-13.3%
2018-Q12018-05-070.14n/an/a
2018-Q2-n/an/an/a
2018-Q3-n/an/an/a
2018-Q4-n/an/an/a
2019-Q1-n/an/an/a

Annual financial results

Compared to 2016, last anual revenues report draw an outstanding increase of 20.53% to $619.81 M USD. When comparing 2017 vs 2016, instead, profit margin (that is, the net income divided by revenues) remained constant a 0.72% to 3.40%.

To have an updated picture of the financial situation of Churchill Capital, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2018-Q1 that can be compared to 2017 fiscal year results. Annual Churchill Capital TTM sales up to were $477.11 and income was $20.32 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem Churchill Capital business evolution since December 2017: Annual turnover up to , compared to lastest yearly report, plummed a frightening -23.02%. Regarding profit margin, Churchill Capital stayed steady 0.85% to 3.40%

CCC annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$548 M-$46 M8.3%-
2014$555 M1.31%$49 M8.9%8.01%
2015$535 M-3.62%$43 M8.1%-11.97%
2016$514 M-3.88%$14 M2.7%-68.25%
2017$620 M20.53%$21 M3.4%52.90%
TTM $477 M-23.02%$20 M4.3%-3.70%

Quarterly financial results

Churchill Capital reported million in sales for 2018-Q1, a -100.00% less compared to previous quarter. Reported quarter earnings marked M with a profit margin of . Profit margin remained steady a 0.00% compared to previous quarter when profit margin was 5.79%. When comparing sales to same quarter last year, Churchill Capital sales marked a scary correction and plunged a -100.00%. Looking back to recent quarterly results, Churchill Capital posted 2 negative quarters in a row.
CCC quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2016-Q4$137 M-$-6 M-4.3%-
2017-Q1$143 M3.80%$1 M0.5%-113.13%
2017-Q2$153 M7.22%$6 M3.8%650.00%
2017-Q3$163 M6.25%$5 M3.1%-12.65%
2017-Q4$162 M-0.62%$9 M5.8%83.17%

Churchill Capital ownership

When you are planning to buy a company, it's worth to check its ownership structure.

Churchill Capital shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.44% of all shares.

Bearish positions for CCC stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Churchill Capital:

CCC
Market cap$6.7 B
Total shares306.9 M
Float shares157.2 M
  - Institutional holdings (%)105.2%
  - Insider holdings (%)1.4%
Shares in short selling0.0%

CCC summary

Friday, February 14th, 2020
Open$21.78
Close$21.76
Day range$21.67 - $21.93
Previous close$21.76
Session gain0.00%
Average true range$0.69
50d mov avg$18.61
100d mov avg$17.70
200d mov avg$16.60
Daily patternlt06a
Weekly pattern lb03c

Churchill Capital performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Churchill Capital performance to :
Stock3m6m12m
CCCChurchill Capital28.53%25.71%88.56%

Churchill Capital competitors

Unfortunately, we could not find any public company that could be defined as Churchill Capital competitor. This doesn't mean Churchill Capital does not have any competitor in the market, it's just we could not detected it.