Why Consensus Cloud Solutions Inc’s (CCSI) Stock Is Down 6.22%

By Jenna Brashear
March 12, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Consensus Cloud Solutions Inc before investing.

In this article, we go over a few key elements for understanding Consensus Cloud Solutions Inc’s stock price such as:

  • Consensus Cloud Solutions Inc’s current stock price and volume
  • Why Consensus Cloud Solutions Inc’s stock price changed recently
  • Upgrades and downgrades for CCSI from analysts
  • CCSI’s stock price momentum as measured by its relative strength

About Consensus Cloud Solutions Inc (CCSI)

Before we jump into Consensus Cloud Solutions Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Consensus Cloud Solutions, Inc. is a digital fax provider. The Company provides secure information delivery services with a scalable software-as-a-service platform. It provides data transformation solutions for regulated industries such as healthcare, finance, insurance, real estate and manufacturing, as well as technology for state and the federal government. Its solutions consist of cloud faxing; digital signature; intelligent data extraction using natural language processing and artificial intelligence; robotic process automation; interoperability; workflow enhancement, and a connectivity and integration engine for healthcare providers. The Company's solutions can be combined with managed services for optimal outcomes. Its small office/home office (SoHo) brands include eFax, jSign, MyFax, Sfax, Metrofax, and SRfax. Its solutions include eFax Corporate, ECFax, Unite, jSign, Conductor, Clarity and eFax. Conductor is a robust interface engine and complete interoperability platform.

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Consensus Cloud Solutions Inc’s Stock Price as of Market Close

As of March 12, 2024, 4:00 PM, CST, Consensus Cloud Solutions Inc’s stock price was $13.71.

Consensus Cloud Solutions Inc is down 6.22% from its previous closing price of $14.62.

During the last market session, Consensus Cloud Solutions Inc’s stock traded between $13.67 and $14.82. Currently, there are 19.20 million shares of Consensus Cloud Solutions Inc stock available for purchase.

Consensus Cloud Solutions Inc’s price-earnings (P/E) ratio is currently at 3.7, which is low compared to the Software industry median of 49.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Consensus Cloud Solutions Inc Stock Price History

Consensus Cloud Solutions Inc’s (CCSI) price is currently down 13.88% so far this month.

During the month of March, Consensus Cloud Solutions Inc’s stock price has reached a high of $16.99 and a low of $13.13.

Over the last year, Consensus Cloud Solutions Inc has hit prices as high as $39.81 and as low as $13.13. Year to date, Consensus Cloud Solutions Inc’s stock is down 74.5%.

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What Caused Consensus Cloud Solutions Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 11, 2024, there were 3 analysts who downgraded Consensus Cloud Solutions Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Consensus Cloud Solutions Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Consensus Cloud Solutions Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Consensus Cloud Solutions Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Consensus Cloud Solutions Inc (CCSI) by visiting AAII Stock Evaluator.

Relative Price Strength of Consensus Cloud Solutions Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 11, 2024, Consensus Cloud Solutions Inc has a weighted four-quarter relative price strength of -27.66%, which translates to a Momentum Score of 12 and is considered to be Very Weak.

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Consensus Cloud Solutions Inc Stock Price: Bottom Line

As of March 12, 2024, Consensus Cloud Solutions Inc’s stock price is $13.71, which is down 6.22% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Consensus Cloud Solutions Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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