Is Century Aluminum Company (CENX) Price Targeted To Increase?


As of Friday close, Century Aluminum Company’s (NASDAQ:CENX) stock was down -$0.5, moving down -5.46 percent to $8.66. The average number of shares traded per day over the past five days has been 2,851,340 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.42 fall in that time frame. In the last twenty days, the average volume was 2,226,100, while in the previous 50 days, it was 2,048,690.

Since last month, CENX stock retreated -19.59%. Shares of the company fell to $8.61 on 03/17/23, the lowest level in the past month. A 52-week high of $29.85 was reached on 03/03/23 after having rallying from a 52-week low of $5.27. Since the beginning of this year, CENX’s stock price has risen by 5.87% or $0.48, and marked a new high 11 times. However, the stock has declined by -70.99% since its 52-week high.

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CENX stock investors should be aware that Century Aluminum Company (CENX) stock had its last reported insider trading activity 215 days ago on Aug 15. Gary Jesse E, the President and CEO of the company, disposed of 49,568 shares for $8.88 on Aug 15. It resulted in a $440,313 divestment by the insider. Gary Jesse E sold 50,000 shares at an average price of $9.78 on Aug 12. The insider now owns 113,968 shares following the transaction. On Mar 21, EVP and General Counsel DeZee John sold 15,287 shares at $27.64 apiece. The transaction was valued at $422,548.

Valuation Metrics

The stock’s beta is 2.71. Besides these, the trailing price-to-sales (P/S) ratio of 0.32, the price-to-book (PB) ratio of 1.99.

Financial Health

In the three months ended December 30, Century Aluminum Company’s quick ratio stood at 0.70, while its current ratio was 1.70, 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 December 30 was 0.96, and the total debt-to-equity ratio was 1.32. On the profitability front, the trailing twelve-month gross margin is 1.70% percent. In the year ended December 30, operating margins totaled -5.40%. Based on annual data, CENX earned $46.7 million in gross profit and brought in $2.78 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 -21.30%. Return on equity (ROE) for the past 12 months was -3.10%.

In Century Aluminum Company’s quarter-end financial report for December 30, it reported total debt of $49.4 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CENX’s revenue fell -59.95% to $637.2 million during the quarter, while net income inched up to $529.9 million. While analysts expected Century Aluminum Company to report -$0.62 quarterly earnings, the actual figure was -$0.31 per share. During the quarter, the company generated -$14.6 million in EBITDA. The liabilities of Century Aluminum Company were 1.07 billion at the end of its most recent quarter ended December 30, and its total debt was $550.4 million. The value of shareholders’ equity is $92.32 million.

Technical Picture

This quick technical analysis looks at Century Aluminum Company’s (CENX) price momentum. With a historical volatility rate of 75.72%, the RSI 9-day stood at 26.98% on 17 March.

With respect to its five-day moving average, the current Century Aluminum Company price is down by -14.09% percent or -$1.42. At present, CENX shares trade -18.61% below its 20-day simple moving average and +27.73% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.91% above its SMA50 and -26.61% below its SMA200.

Stochastic coefficient K was 7.03% and Stochastic coefficient D was 11.84%, while ATR was 0.78. Given the Stochastic reading of 1.03% for the 14-day period, the RSI (14) reading has been calculated as 33.56%. As of today, the MACD Oscillator reading stands at -1.29, while the 14-day reading stands at -2.06.

Analyst Ratings

Century Aluminum Company downgraded its rating on Century Aluminum Company (NASDAQ: CENX) to a Neutral in a note to investors on March 01, 2023. The analysts firm previously had a Buy rating on the stock.Century Aluminum Company (CENX) has been rated Hold by analysts. According to 0 brokerage firms, CENX is a sell, and 3 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 0 recommending it as overweight.

With a median target price of $11.50, the current consensus forecast for the stock is $11.00 – $12.00. Based on these forecasts, analysts predict Century Aluminum Company (CENX) will achieve an average price target of $11.50.


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