How Does Wall Street Rate Shares Of Century Aluminum Company (CENX)?


Century Aluminum Company (NASDAQ:CENX) saw an upside of 0.94% to $10.73 after adding $0.1 on Tuesday. The 5-day average trading volume is 1,462,091 shares of the company’s common stock. It has gained $11.43 in the past week and touched a new high 1 time within the past 5 days. An average of 1,540,658 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,889,125.

CENX’s 1-month performance is 37.34% or $2.89 on its low of $7.59 reached on 12/28/22. The company’s shares have touched a 52-week low of $5.27 and high of $30.36, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, CENX has achieved 29.95% or $2.59 and has reached a new high 7 times. However, the current price is down -64.66% from the 52-week high price.

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Insider Transactions

CENX stock investors last saw insider trading activity on Aug 15.Gary Jesse E (President and CEO) most recently sold 49,568 shares at $8.88 per share on Aug 15. This transaction cost the insider $440,313. President and CEO, Gary Jesse E, sold 50,000 shares at a price of $9.78 on Aug 12. Then, on Mar 21, EVP and General Counsel DeZee John sold 15,287 shares at a price of $27.64 per share. This transaction amounted to $422,548.

Valuation Metrics

CENX stock has a beta of 2.71. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.32 while the price-to-book (PB) in the most recent quarter is 1.88.

Century Aluminum Company’s quick ratio for the period ended September 29 was 0.90, with the current ratio over the same period at 1.90. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.72, while the total debt to equity was 0.95. In terms of profitability, the gross margin trailing 12 months is 4.80%. The firm’s gross profit as reported stood at $124.2 million against revenue of $2.21 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 184.38% to $41.6 million, while revenue of $35.1 million was 15.62% off the previous quarter. Analysts expected CENX to announce -$0.43 per share in earnings in its latest quarter, but it posted -$0.34, representing a 20.90% surprise. EBITDA for the quarter stood at more than -$36.1 million. CENX stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 1.07 billion, with total debt at $511.2 million. Shareholders hold equity totaling $91.35 million.

Let’s look briefly at Century Aluminum Company (CENX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 70.89% to suggest the stock is trending Overbought, with historical volatility in this time period at 48.88%.

The stock’s 5-day moving average is $10.56, reflecting a +2.77% or $0.29 change from its current price. CENX is currently trading +38.61% above its 20-day SMA, +35.98% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +56.09% and SMA200 by-60.39%.

Stochastic %K and %D was 78.93% and 75.52% and the average true range (ATR) pointed at 0.64. The RSI (14) points at 67.51%, while the 14-day stochastic is at 81.46% with the period’s ATR at 0.63. The stock’s 9-day MACD Oscillator is pointing at 0.33 and 0.76 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Century Aluminum Company (NASDAQ: CENX), Wolfe Research downgraded it to an Underperform rating. They previously had a Peer perform rating on the stock. Analysts offering their rating for CENX stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate CENX as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is CENX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $8.00 and a high of $12.00, with their median price target at $11.00. Looking at these predictions, the average price target given by analysts is for Century Aluminum Company (CENX) stock is $10.33.


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