Celestica Inc. (CLS): A Technical View


At the last check on Friday, Celestica Inc.’s (NYSE:CLS) stock was up $0.9, moving up 7.74 percent to $12.53. The average number of shares traded per day over the past five days has been 382,893 shares. 4 times new highs have been achieved over the past 5 days, with a $1.04 gain in that time frame. In the last twenty days, the average volume was 459,533, while in the previous 50 days, it was 480,513.

Since last month, CLS stock rose 11.38%. Shares of the company fell to $10.50 on 05/02/23, the lowest level in the past month. A 52-week high of $14.28 was reached on 01/26/23 after having rallying from a 52-week low of $8.21. Since the beginning of this year, CLS’s stock price has risen by 11.18% or $1.19, and marked a new high 12 times. However, the stock has declined by -12.25% since its 52-week high.

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Valuation Metrics

Right now, Celestica Inc. (CLS) has a P/E ratio of about 9.63. The stock’s beta is 2.09. Besides these, the trailing price-to-sales (P/S) ratio of 0.19, the price-to-book (PB) ratio of 0.85, and the price-to-cash flow ratio of 6.73 may also be considered.

Financial Health

In the three months ended March 30, Celestica Inc.’s quick ratio stood at 0.60, while its current ratio was 1.40, 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 March 30 was 0.44, and the total debt-to-equity ratio was 0.47. On the profitability front, the trailing twelve-month gross margin is 8.90% percent. In the year ended March 30, EBITDA margin amounted to 5.72%, whereas operating margins totaled 3.80%. Based on annual data, CLS earned $636.3 million in gross profit and brought in $7.25 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 8.30%. Return on equity (ROE) for the past 12 months was 9.20%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CLS’s revenue rose 22.28% during the quarter, while net income inched up to $7.25 billion. While analysts expected Celestica Inc. to report $0.45 quarterly earnings, the actual figure was $0.47 per share, beating the consensus estimate by 4.40%. During the quarter, the company generated $97.7 million in EBITDA. The liabilities of Celestica Inc. were 3.81 billion at the end of its most recent quarter ended March 30, and its total debt was $775.2 million.

Technical Picture

This quick technical analysis looks at Celestica Inc.’s (CLS) price momentum. With a historical volatility rate of 36.47%, the RSI 9-day stood at 78.56% on 25 May.

With respect to its five-day moving average, the current Celestica Inc. price is up by +9.11% percent or $1.04. At present, CLS shares trade +14.73% above its 20-day simple moving average and +9.78% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.71% above its SMA50 and +9.30% above its SMA200.

Stochastic coefficient K was 79.17% and Stochastic coefficient D was 76.47%, while ATR was 0.38. Given the Stochastic reading of 86.67% for the 14-day period, the RSI (14) reading has been calculated as 68.74%. As of today, the MACD Oscillator reading stands at 0.28, while the 14-day reading stands at 0.47.

Analyst Ratings

Celestica Inc. (CLS) has been rated Overweight by analysts. According to 0 brokerage firms, CLS is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Celestica Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $14.00, the current consensus forecast for the stock is $13.50 – $16.00. Based on these forecasts, analysts predict Celestica Inc. (CLS) will achieve an average price target of $14.33.


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