Century Aluminum Company (CENX) Price Targets: What Do They Mean?

As of Friday close, Century Aluminum Company’s (NASDAQ:CENX) stock was up $0.94, moving up 7.93 percent to $12.79. The average number of shares traded per day over the past five days has been 2,451,660 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.98 fall in that time frame. In the last twenty days, the average volume was 2,313,945, while in the previous 50 days, it was 2,178,380.

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Since last month, CENX stock retreated -51.07%. Shares of the company fell to $11.44 on 05/12/22, the lowest level in the past month. A 52-week high of $30.36 was reached on 03/07/22 after having rallying from a 52-week low of $10.39. Since the beginning of this year, CENX’s stock price has dropped by -22.77% or -$3.77, and marked a new high 20 times. However, the stock has declined by -57.87% since its 52-week high.

Century Aluminum Company (CENX) last reported insider trading activity 54 days ago on Mar 21. DeZee John, the EVP and General Counsel of the company, disposed of 15,287 shares for $27.64 on Mar 21. It resulted in a $422,548 divestment by the insider. Hoffman Robert F sold 3,480 shares at an average price of $29.19 on Mar 04. The insider now owns 32,380 shares following the transaction. On Mar 01, EVP & Chief Financial Officer Conti Craig C sold 12,920 shares at $25.69 apiece. The transaction was valued at $331,902.

Valuation Metrics

The stock’s beta is 2.52. Besides these, the trailing price-to-sales (P/S) ratio of 0.49, the price-to-book (PB) ratio of 2.65.

Financial Health

In the three months ended September 29, Century Aluminum Company’s quick ratio stood at 0.50, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.84, and the total debt-to-equity ratio was 1.02. On the profitability front, the trailing twelve-month gross margin is 9.60% percent. In the year ended September 29, operating margins totaled 6.30%. Based on annual data, CENX earned $124.2 million in gross profit and brought in $2.21 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.20%. Return on equity (ROE) for the past 12 months was -2.70%.

In Century Aluminum Company’s quarter-end financial report for September 29, it reported total debt of $285.4 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CENX’s revenue rose 48.37% to $847.6 million during the quarter, while net income inched up to $753.6 million. While analysts expected Century Aluminum Company to report -$0.13 quarterly earnings, the actual figure was -$0.06 per share, beating the consensus estimate by 53.80%. During the quarter, the company generated $100.7 million in EBITDA. The liabilities of Century Aluminum Company were 1.25 billion at the end of its most recent quarter ended September 29, and its total debt was $412.1 million. The value of shareholders’ equity is $91.23 million.

Technical Picture

This quick technical analysis looks at Century Aluminum Company’s (CENX) price momentum. With a historical volatility rate of 86.92%, the RSI 9-day stood at 24.19% on 13 May.

With respect to its five-day moving average, the current Century Aluminum Company price is down by -7.12% percent or -$0.98. At present, CENX shares trade -53.34% below its 20-day simple moving average and -9.16% percent below its 100-day simple moving average. However, the stock is currently trading approximately -55.04% below its SMA50 and -11.24% below its SMA200.

Stochastic coefficient K was 8.69% and Stochastic coefficient D was 6.10%, while ATR was 1.37. Given the Stochastic reading of 14.94% for the 14-day period, the RSI (14) reading has been calculated as 25.33%. As of today, the MACD Oscillator reading stands at -1.04, while the 14-day reading stands at -2.79.

Analyst Ratings

Wolfe Research launched its rating on Century Aluminum Company (NASDAQ: CENX) to an Outperform in a note to investors on November 17, 2021. Century Aluminum Company (CENX) has been rated Overweight by analysts. According to 0 brokerage firms , CENX is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Century Aluminum Company stock as buy, with 2 recommending it as overweight.

With a median target price of $30.00, the current consensus forecast for the stock is $24.00 – $30.00. Based on these forecasts, analysts predict Century Aluminum Company (CENX) will achieve an average price target of $28.00.


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