At the end of the latest market close, Code Chain New Continent Limited (CCNC) was valued at $1.45. In that particular session, Stock kicked-off at the price of $1.52 while reaching the peak value of $1.54 and lowest value recorded on the day was $1.45. The stock current value is $1.49.Recently in News on September 14, 2021, Code Chain New Continent Announces LOI to Acquire Filecoin Mining Assets. Code Chain New Continent Limited (the “Company,” or “Code Chain” or “We”) (NASDAQ: CCNC), a leading eco-technology company, today announced that it entered into a non-binding letter of intent (the “LOI”) with Shenzhen Jindeniu Electronics Limited(“Jindeniu”). You can read further details here
Code Chain New Continent Limited had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $11.6200 on 02/17/21, with the lowest value was $1.2900 for the same time period, recorded on 08/18/21.
Code Chain New Continent Limited (CCNC) full year performance was 26.02%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Code Chain New Continent Limited shares are logging -87.19% during the 52-week period from high price, and 112.68% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.70 and $11.62.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 1228032 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Code Chain New Continent Limited (CCNC) recorded performance in the market was -25.26%, having the revenues showcasing -51.34% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 57.90M, as it employees total of 54 workers.
Code Chain New Continent Limited (CCNC) in the eye of market guru’s
During the last month, 0 analysts gave the Code Chain New Continent Limited a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.1804, with a change in the price was noted -1.51. In a similar fashion, Code Chain New Continent Limited posted a movement of -50.22% for the period of last 100 days, recording 583,556 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CCNC is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Code Chain New Continent Limited (CCNC): Stocks Technical analysis and Trends
Raw Stochastic average of Code Chain New Continent Limited in the period of last 50 days is set at 21.70%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 42.51%. In the last 20 days, the company’s Stochastic %K was 41.38% and its Stochastic %D was recorded 43.73%.
If we look into the earlier routines of Code Chain New Continent Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -25.26%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -68.75%, alongside a boost of 26.02% for the period of the last 12 months. The shares increased approximately by -8.81% in the 7-day charts and went up by -16.18% in the period of the last 30 days. Common stock shares were lifted by -51.34% during last recorded quarter.