The Chemours Co (NYSE: CC) has reported a loss for its third fiscal quarter (ending September 30) of $-0.18 versus $0.08 for the same period a year ago — a decline of -325%. E.P.S. were $0.51 for the latest four quarters through September 30 versus $-2.12 for the same period a year ago — a decline of -124%.
Recent Price Action
The Chemours Co (NYSE: CC) stock enjoyed a major increase of 15.5% on 11/4/24. The shares closed at $20.58. Moreover, this advance was accompanied by exceptionally high trading volume at 364% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 12.3% during the last week.
Current PriceTarget Research Rating
CC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Chemours has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Chemours has a neutral Appreciation Score of 56 but a very low Power Rating of 5, leading to the Lowest Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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