CCC stock: buy or sell?

CCC stock price: $20.39 1.19% At close on March 27th, 2020

Updated on:
March 27th, 2020

3

Shares of Churchill Capital ended yesterday at $20.39 and stepped up a nice 1.19%. On Mar 18th CCC plunged a frightening -10.39%. On Wednesday CCC rocketed an outstanding 8.17%.

Should I buy CCC stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Following a trading strategy 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, Churchill Capital stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Churchill Capital stock a buy?

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

CCC stock analysis

Daily outlook

Churchill Capital closed yesterday at $20.39 and stepped up a nice 1.19%.

Shares of Churchill Capital closed yesterday at $20.39 and stepped up a nice 1.19%. On Monday CCC price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On December, SMA50d and SMA100d crossed up triggering a rise of 19.24%. On February/20, CCC hit new all time highs, pushing higher previous ATH of $22.51 recorded on Feb 19th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

CCC stock chart (daily)

Weekly outlook

After sliding a bloodcurdling -13.68% in a week last week, Churchill Capital closed this week at $20.39 and skyrocketed an extraordinary 18.20%.

Not so far away is the last all-time high Churchill Capital marked by mid February. This week CCC price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA10d and SMA20w crossed up late December 2019, CCC price climbed $3.11 per share (18.00%).

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 110.20%, with an average of 110.20% per year. If you had invested right after CCC's IPO a $1,000 in CCC stock in 2018, it would worth $1,102.00 today.

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

CCC stock historical price chart

CCC stock reached all-time highs on Feb 20th with a price of $23.66.

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, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not found any price target for Churchill Capital stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, when Churchill Capital posted its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
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 gain of 20.53% to $619.81 million dollars. When comparing 2017 vs 2016, nevertheless, profit margin (that is, the net income divided by revenues) stayed stable 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 earnings were $20.32 M USD. If we compare this TTM figures with the last reported annuality, we can review Churchill Capital business evolution since December 2017: Annual turnover up to , compared to lastest yearly report, collapsed a spooky -23.02%. In contrast, profit margin (net income/sales) remained constant at 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 posted million in revenues for 2018-Q1, a -100.00% decline compared to previous quarter. Reported quarter income marked million with a profit margin of . Profit margin remained stable 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 frightening slide and plummed 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 invest in shares of a company, it's worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Churchill Capital, 1.44% of all outstanding shares are owned by its staff.

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

For a better understanding, the next table shows ownership data compared to other related stocks:

CCC
Market cap$6.3 B
Total shares306.9 M
Float shares218.7 M
  - Institutional holdings (%)105.2%
  - Insider holdings (%)1.4%
Shares in short selling0.0%

CCC summary

Friday, March 27th, 2020
Open$19.49
Close$20.39
Day range$19.28 - $20.55
Previous close$20.15
Session gain1.19%
Average true range$2.14
50d mov avg$20.54
100d mov avg$18.87
200d mov avg$17.57
Daily patternlt03a
Weekly pattern

Churchill Capital performance

To better understand Churchill Capital performance you must becnhmark its gains with other related stocks in same sector or industry. We compared Churchill Capital against in the following table:
Stock3m6m12m
CCCChurchill Capital19.87%19.73%51.71%

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.