An Estimate Of Target Price: The Chemours Company (CC), Versum Materials, Inc. (VSM)

CC trading volume has lost -527265 shares compared to readings over the past three months as it recently exchanged 1372735 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1900000 shares, and this is 0.72 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 63.46 point.

The Chemours Company (NYSE:CC) climbed by 7% over the past three months which led to its overall six-month decrease to stand at -24.09%. The equity price sank -1.62% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 10.58% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -24.67% and is now up by 28.84% since start of this year.

The shares of The Chemours Company dropped by -31.72% or -$16.89 from its last recorded high of $53.25 which it attained on May 21 to close at $36.36 per share. Over the past 52 weeks, the shares of The Chemours Company has been trading as low as $25.17 before witnessing a massive surge by 44.46% or $11.19. This price movement has led to the CC stock receiving more attention and has become one to watch out for. It dipped by -0.36% on Sunday and this got the market worried. The stock’s beta now stands at 2.2 and when compared to its 200-day moving average and its 50-day moving average, CC price stands -9.3% below and 17.87% above respectively. Its average daily volatility for this week is 2.56% which is less than the 3.24% recorded over the past month.

Experts from research firms are bullish about the near-term performance of The Chemours Company (CC) with most of them predicting a $42.69 price target on a short-term (12 months) basis. The average price target by the analysts will see a 17.41% rise in the stock and would lead to CC’s market cap to surge to $7.33B. The stock has been rated an average 2.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 14 analysts that track The Chemours Company (NYSE:CC) and find out that 4 of them rated it as a Hold. 10 of the 10 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Versum Materials, Inc. (NYSE:VSM) currently stands at $37.01 after it went up by $0.01 or 0.03% and has found a strong support at $36.4 a share. If the VSM price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $35.79 mark would also be bad for the stock as it means that the stock would plunge by 3.3% from its current position. However, if the stock price is able to trade above the resistance point around $37.32, then it could likely surge higher to try and break the upward resistance which stands at $37.63 a share. Its average daily volatility over the past one month stands at 3.58%. The stock has plunged by 2.46% from its 52-weeks high of $36.1 which it reached on Jul. 06, 2018. In general, it is 32.4% above its 52-weeks lowest point which stands at $25.02 and this setback was observed on Dec. 24, 2018.

Analysts have predicted a price target for Versum Materials, Inc. (VSM) for 1 year and it stands at an average $44.86/share. This means that it would likely increase by 21.21% from its current position. The current price of the stock has been moving between $36.1 and $37.02. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $33. On the other hand, one analyst is super bullish about the price, setting a target as high as $56.

The VSM stock Stochastic Oscillator (%D) is at 83%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.92 which compares to the 1.66 recorded by the industry or the 2.76 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 14.77, which is lower than the 16.76 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 37.6% over the past five years.

Analysts view Versum Materials, Inc. (NYSE:VSM) as a Buy, with 1.8 consensus rating. Reuters surveyed 8 analysts that follow VSM and found that 1 of those analysts rated the stock as a Hold. The remaining 7 were divided, with 7 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Versum Materials, Inc. (VSM) shares or sell it if they already own it.