Should investors be concerned about CCTG’s high price-to-sales ratio?

CCSC Technology International Holdings Ltd (CCTG)’s stock is trading at $1.71 at the moment marking a fall of -13.65% from the last session close. As of this writing, shares are priced at -94.30% less than their 52-week high of $30.00, and 42.47% over their 52-week low of $1.20. Based on the past 30-day period, the stock price is -15.84% below the high and +21.35% above the low.

The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, CCTG’s SMA-200 is $2.0441.

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Further, it is important to consider CCTG stock ratios, particularly its price-to-sales ratio over the past twelve months, which stands at 10.53.CCTG’s price to book ratio for the most recent quarter was 12.60, resulting in an 27.12 price to cash per share for the period.

How does CCSC Technology International Holdings Ltd (CCTG) stock rate among analysts? Buy, sell, or hold?

The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1.

CCSC Technology International Holdings Ltd (NASDAQ: CCTG) Ownership Details

I will give a breakdown of the key shareholders in CCSC Technology International Holdings Ltd (CCTG). Recent figures show that the company’s insiders hold 75.17% of shares. A total of 2 institutional investors hold shares in the company, making 0.05% of its stock and 0.22% of its float.

Jun 30, 2024 , it was reported that the Company’s largest institutional holder is JP Morgan Chase & Company holding total of 2.0 shares that make 0.00% of the company’s total number of shares and are currently priced at 3.0.

The securities firm UBS Group AG holds 5.0 shares of CCTG, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 0.00% , and the holding percentage of shares is valued at 8.0.

An overview of CCSC Technology International Holdings Ltd’s technicals

In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests CCSC Technology International Holdings Ltd (CCTG) traded 138,372 shares per day, with a moving average of $1.6571 and price change of +0.0400. With the moving average of $1.8075 and a price change of +0.1999, about 824,959 shares changed hands on average over the past 50 days. Finally, CCTG’s 100-day average volume is 435,790 shares, alongside a moving average of $1.6861 and a price change of +0.2600.

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