Century Aluminum Company (NASDAQ:CENX) finished Wednesday with a subtraction of -$0.04 to close at $15.83, a downside of -0.25 percent. An average of 1,670,200 shares of common stock have been traded in the last five days. There was a gain of $1.47 in the past week. The last 20 days have seen an average of 1,912,225 shares traded, while the 50-day average volume stands at 1,653,154.
CENX stock has increased by 24.45% in the last month. The company shares reached their 1-month lowest point of $11.81 on 09/21/21. With the stock rallying to its 52-week high on 03/11/21, shares of the company touched a low of $6.27 and a high of $19.60 in 52 weeks. In spite of this, the price is down -19.23% from the 52-week high.
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225 days have passed since Century Aluminum Company (CENX) last reported insider trading activity. Gudlaugsson Gunnar, who is EVP – Global Operations, most recently acquired $5,473 shares at $17.74 per share on Mar 03. In this transaction, the insider spent $97,091. President and CEO, BLESS MICHAEL A, disposed of 15,000 shares at a price of $17.62 on Mar 03. The insider now owns more than $264,300 worth of shares. Prior to that, President and CEO BLESS MICHAEL A went on to Sale 35,000 shares at $16.40 each on Mar 02. An amount of $574,000 was transacted.
Century Aluminum Company (CENX) has a trailing price-to-earnings (P/E) ratio of 20.90 for the broader industry and 13.61 for the sector. In the last five years, Century Aluminum Company’s PE ratio has ranged between 49.67 and 14.10. The stock’s beta is 2.76. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.81, the price-to-book (PB) ratio at 3.85.
The quick ratio of Century Aluminum Company for the three months ended June 29 was 0.40, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.89 and a total debt to equity ratio of 1.04 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is -1.60% against a 5-year average of 0.6%. Century Aluminum Company’s EBITDA margin for the year ending June 29 is 0.17%, while its operating margin for the same period stands at -5.80%. Its gross profit as reported stood at -$36.5 million compared to revenue of $1.61 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Century Aluminum Company’s return on assets was -19.30%, compared to -6.1% over the last five years. In the past year, the return on investment has been -9.10%, and the 5-year average is -6.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been -56.10% and the 5-year average holds at -12.4%. For the broader industry, ROE averaged -13.62 over the past year.
The analyst consensus anticipated Century Aluminum Company’s latest quarter earnings to come in at -$0.22 per share, but it turned out to be -$0.27, a -22.70% surprise. For the quarter, EBITDA amounted to $33.0 million. Shareholders own equity worth $90.13 million.
From a technical analysis perspective, let’s take a brief look at Century Aluminum Company (CENX) price momentum. RSI 9-day as of the close on 13 October was 69.49%, suggesting the stock is Neutral, with historical volatility in this time frame at 67.44%.
As of today, CENX’s price is $15.34 +10.24% or $1.47 from its 5-day moving average. CENX is currently trading +16.74% higher than its 20-day SMA and +24.25% higher than its 100-day SMA. However, the stock’s current price level is +6.24% above the SMA50 and +53.39% above the SMA200.
The stochastic %K and %D were 80.86% and 84.43%, respectively, and the average true range (ATR) was 0.90. With the 14-day stochastic at 73.70% and the average true range at 0.87, the RSI (14) stands at 66.07%. The stock has reached 1.14 on the 9-day MACD Oscillator while the 14-day reading was at 1.52.
B. Riley Securities upgraded Century Aluminum Company (NASDAQ: CENX) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Century Aluminum Company (CENX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CENX, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is CENX’s price target for the next 12 months?
Analysts predict a range of price targets between $18.00 and $19.00, with a median target of $18.50. Taking a look at these predictions, the average price target given by analysts for Century Aluminum Company (CENX) stock is $18.50.