Code Chain Stock Today

CCNC -  USA Stock  

USD 2.71  0.07  2.52%

Code Chain is trading at 2.71 as of the 19th of June 2021, a -2.52 percent decrease since the beginning of the trading day. The stock's open price was 2.78. Code Chain has 52 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Code Chain New are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of March 2021 and ending today, the 19th of June 2021. Please note, there could be an existing legal relationship between Code Chain New (CCNC) and Code Chain New (WYIG). Click here to learn more.
 Market Performance
0 of 100
  Odds Of Distress
Over 52

Code Chain Stock Profile

Code Chain New Continent Limited, through its subsidiaries, engages in the coal and mobile gaming businesses in China. The company was formerly known as TMSR Holding Company Limited and changed its name to Code Chain New Continent Limited in May 2020. Code Chain operates under Coking Coal classification in the United States and is traded on NASDAQ Exchange. It employs 54 people. more on Code Chain
Code Chain New generates negative expected return over the last 90 days
Code Chain New has high historical volatility and very poor performance
Code Chain New has high likelihood to experience some financial distress in the next 2 years
The company reported the previous year's revenue of 15.23 M. Net Loss for the year was (19.68 M) with profit before overhead, payroll, taxes, and interest of 1.1 M.
Code Chain New currently holds about 22.92 M in cash with (453.91 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.64.
Roughly 30.0% of the company shares are held by company insiders
Latest headline from www.nytimes.com: The Highest-Paid C.E.O.s in 2020 - The New York Times
Code Chain Fama & French Trading
Trading
Fama & French Classification
Code Chain New SEC Filings
Code Chain SEC Filings Security & Exchange Commission EDGAR Reports
Legal NameCode Chain New
Related EntityWYIG (Code Chain New)
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Code Chain New based on its profitability, leverage, liquidity, source of funds, and operating efficiency. it is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Code Chain New financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 6 - HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares26.2 M28.5 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted26.2 M28.5 M
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations(2.3 K)(2.1 K)
Significantly Down
Increasing
Stable
Total Assets28.3 M25.1 M
Moderately Up
Decreasing
Slightly volatile
Total Liabilities3.3 M3.2 M
Fairly Up
Decreasing
Slightly volatile
Current Assets12.8 M12 M
Notably Up
Increasing
Slightly volatile
Current Liabilities3.3 M3.2 M
Fairly Up
Increasing
Slightly volatile
Total Debt725 K610.1 K
Fairly Up
Decreasing
Slightly volatile
Return on Average Assets0.09490.088
Significantly Up
Decreasing
Very volatile
Gross Margin0.140.093
Way Up
Decreasing
Slightly volatile
Asset Turnover0.420.417
Slightly Up
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Code Chain's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldOvervalued
Financial Strength
Code Chain's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Code Chain's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Code Chain's financial leverage. It provides some insight into what part of Code Chain's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Code Chain's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Code Chain deploys its capital and how much of that capital is borrowed.
Liquidity
Code Chain cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The current year Debt to Equity Ratio is expected to grow to 0.15. The current year Average Equity is expected to grow to about 22.8 MThe company has a current ratio of 5.58, suggesting that it is liquid enough and is able to pay its financial obligations when due.

Operating Cash Flow

(2,266.87)Share
Code Chain New (CCNC) is traded on NASDAQ Exchange in USA. It is located in No 119 South Zhaojuesi Road and employs 54 people. Code Chain is listed under Trading category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with current market capitalization of 97.33 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Code Chain's market, we take the total number of its shares issued and multiply it by Code Chain's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Code Chain New conducts business under Basic Materials sector and is part of Coking Coal industry. The entity has 35.92 M outstanding shares of which 132.61 K shares are currently shorted by private and institutional investors with about 0.14 trading days to cover. Code Chain New currently holds about 22.92 M in cash with (453.91 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.64.
Check Code Chain Probability Of Bankruptcy
Ownership
Code Chain New retains a total of 35.92 Million outstanding shares. Code Chain New retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation (%)

Check Code Chain Ownership Details

Code Chain Stock Price Odds Analysis

What are Code Chain's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Code Chain jumping above the current price in 90 days from now is about 77.13%. The Code Chain New probability density function shows the probability of Code Chain stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.2102 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Code Chain will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Code Chain New is significantly underperforming DOW.
 Odds Down 2.71HorizonTargetOdds Up 2.71 
22.80%90 days
 2.71 
77.13%
Based on a normal probability distribution, the odds of Code Chain to move above the current price in 90 days from now is about 77.13 (This Code Chain New probability density function shows the probability of Code Chain stock to fall within a particular range of prices over 90 days) .

Code Chain Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Code Chain that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Code Chain's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Code Chain's value.
InstituionSecurity TypeTotal SharesValue
Renaissance Technologies LlcCommon Shares100.3 K359 K
Paloma Partners Management CoCommon Shares49.1 K176 K
View Code Chain Diagnostics

Code Chain Historical Income Statement

Code Chain New Income Statement is one of the three primary financial statements used for reporting Code Chain's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Code Chain New revenue and expense. Code Chain Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Code Chain Consolidated Income is projected to decrease significantly based on the last few years of reporting. The past year's Consolidated Income was at 2.51 Million. The current year Cost of Revenue is expected to grow to about 10.9 M, whereas Operating Income is forecasted to decline to (978.3 K). View More Fundamentals

Code Chain Stock Against Markets

Picking the right benchmark for Code Chain stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Code Chain stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Code Chain is critical whether you are bullish or bearish towards Code Chain New at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Code Chain without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Continue to Trending Equities. Note that the Code Chain New information on this page should be used as a complementary analysis to other Code Chain's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Search module to search for activelly-traded equities including funds and ETFs from over 30 global markets.

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When running Code Chain New price analysis, check to measure Code Chain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Code Chain is operating at the current time. Most of Code Chain's value examination focuses on studying past and present price action to predict the probability of Code Chain's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Code Chain's price. Additionally, you may evaluate how the addition of Code Chain to your portfolios can decrease your overall portfolio volatility.
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The market value of Code Chain New is measured differently than its book value, which is the value of Code Chain that is recorded on the company's balance sheet. Investors also form their own opinion of Code Chain's value that differs from its market value or its book value, called intrinsic value, which is Code Chain's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Code Chain's market value can be influenced by many factors that don't directly affect Code Chain New underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Code Chain's value and its price as these two are different measures arrived at by different means. Investors typically determine Code Chain value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Code Chain's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.