CCC stock: buy or sell?
March 27th, 2020
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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
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.
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 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 targetPredicting 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|2013||$548 M||-||$46 M8.3%||-|
|2014||$555 M||1.31%||$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 M||20.53%||$21 M3.4%||52.90%|
|TTM||$477 M||-23.02%||$20 M4.3%||-3.70%|
Quarterly financial resultsChurchill 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.
|2016-Q4||$137 M||-||$-6 M-4.3%||-|
|2017-Q1||$143 M||3.80%||$1 M0.5%||-113.13%|
|2017-Q2||$153 M||7.22%||$6 M3.8%||650.00%|
|2017-Q3||$163 M||6.25%||$5 M3.1%||-12.65%|
|2017-Q4||$162 M||-0.62%||$9 M5.8%||83.17%|
Churchill Capital ownershipWhen 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:
|Market cap||$6.3 B|
|Total shares||306.9 M|
|Float shares||218.7 M|
|- Institutional holdings (%)||105.2%|
|- Insider holdings (%)||1.4%|
|Shares in short selling||0.0%|
|Friday, March 27th, 2020|
|Day range||$19.28 - $20.55|
|Average true range||$2.14|
|50d mov avg||$20.54|
|100d mov avg||$18.87|
|200d mov avg||$17.57|
Churchill Capital performanceTo 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: