What You Need To Know About Century Aluminum Company (CENX)

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Century Aluminum Company (NASDAQ:CENX) traded with an addition of $0.63 to close at $8.23 on Thursday, an upside of 8.29 percent. An average of 1,240,028 shares of common stock have been traded in the last five days. There was a gain of $0.17 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 1,939,042 shares traded, while the 50-day average volume stands at 1,980,549.

CENX stock has decreased by -5.24% in the last month. The company shares reached their 1-month lowest point of $7.03 on 12/19/22. With the stock rallying to its 52-week high on 03/07/22, shares of the company touched a low of $5.27 and a high of $30.36 in 52 weeks. It has reached a new high 20 times so far this year and lost -54.11% or -$8.33 in price. In spite of this, the price is down -72.89% from the 52-week high.

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Insider Transactions

CENX stock investors should be aware that Century Aluminum Company (CENX) stock had its last reported insider trading activity 136 days ago on Aug 15. In this transaction, the insider spent $440,313. President and CEO, Gary Jesse E, disposed of 50,000 shares at a price of $9.78 on Aug 12. The insider now owns more than $488,800 worth of shares. Prior to that, EVP and General Counsel DeZee John went on to Sale 15,287 shares at $27.64 each on Mar 21. An amount of $422,548 was transacted.

Valuation Metrics

Century Aluminum Company (CENX) has a trailing price-to-earnings (P/E) ratio of 4.67. The stock’s beta is 2.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.24, the price-to-book (PB) ratio at 1.34.

Financial Health

The quick ratio of Century Aluminum Company for the three months ended September 29 was 0.90, and the current ratio was 1.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.72 and a total debt to equity ratio of 0.95 for the quarter ending September 29. Its gross profit as reported stood at $124.2 million compared to revenue of $2.21 billion.

Earnings Surprise

For the three-month period that ended September 29, Century Aluminum Company had $39.4 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $41.6 million in the quarter, while revenues of $35.1 million were grew 184.38%. The analyst consensus anticipated Century Aluminum Company’s latest quarter earnings to come in at -$0.43 per share, but it turned out to be -$0.34, a 20.90% surprise. For the quarter, EBITDA amounted to -$36.1 million. Shareholders own equity worth $91.35 million.

Technical Picture

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 28 December was 55.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 67.01%.

As of today, CENX’s price is $7.88 +2.11% or $0.17 from its 5-day moving average. CENX is currently trading -8.66% lower than its 20-day SMA and +4.71% higher than its 100-day SMA. However, the stock’s current price level is +33.39% above the SMA50 and -63.57% below the SMA200.

The stochastic %K and %D were 56.27% and 52.60%, respectively, and the average true range (ATR) was 0.56. With the 14-day stochastic at 76.85% and the average true range at 0.59, the RSI (14) stands at 53.35%. The stock has reached 0.17 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.

Analyst Ratings

Wolfe Research downgraded Century Aluminum Company (NASDAQ: CENX) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Peer perform.

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