The stock of Celestica Inc. (NYSE:CLS) increased by $0.06 on Friday to finish at $20.89, up 0.29 percent. The last five days have seen an average of 1,390,500 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $9.62. The average number of shares traded over the last 20 days was 1,925,995, while the average volume over the last 50 days totaled 1,365,796.
CLS stock appreciated 26.91% since last month. On 07/14/23, the company’s shares reached a one-month low of $15.61. The stock touched a high of $22.68 on 08/01/23, after rallying from a low of $8.21 in 52 weeks. The price of CLS stock has risen by 85.36% or $9.62 this year, reaching a new high 24 times. Still, the stock price is down -7.89% from the 52-week high.
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Valuation Metrics
Celestica Inc. (CLS) has a trailing price-to-earnings (P/E) ratio of 15.12. Beta for the stock is 2.17. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.32, the price-to-book (PB) ratio of 1.50, and the price-to-cash flow ratio of 10.28.
Financial Health
For the three months ended June 29, Celestica Inc.’s quick ratio was 0.60, while its current ratio was 1.40, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.43, and the total debt to equity ratio is 0.47. As far as profitability goes, gross margin for the trailing twelve months is 9.10% percent. Celestica Inc.’s EBITDA margin for the year ended June 29 was 5.72%, whereas its operating margin stood at 4.00% for the same period. Based on annual data, it had gross profit of $636.3 million and revenue of $7.25 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CLS’s return on assets (ROA) during the last 12 months has been 3.10%. There was a 8.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.20%.
Earnings Surprise
According to Celestica Inc.’s quarterly financial report for the quarter that ended June 29, it had $5.9 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $7.25 billion, while revenues rose by 22.28% to $0.0. It was predicted that Celestica Inc.’s quarterly earnings would be $0.55, but it ended up being $0.47, beating the consensus by 17.00%. EBITDA was $127.2 million for the quarter. At the end of Celestica Inc.’s most recent quarter ended June 29, its liabilities totaled 3.82 billion, while its total debt was $783.4 million.
Technical Picture
Here’s a quick look at Celestica Inc.’s (CLS) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 67.91%, suggesting the stock is Neutral, with a 23.70% historical volatility rate.
The stochastic %K and %D were 71.96% and 74.31% respectively, while the average true range (ATR) was 0.86. Based on the 14-day stochastic reading of 72.16%, the RSI (14) reading is 70.95%. On the 9-day MACD Oscillator, the stock is at -0.26, and the 14-day reading is at 0.58.
Analyst Ratings
In its most recent analyst report, TD Securities raised its rating on Celestica Inc. (NYSE: CLS) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Celestica Inc. (CLS) an Buy rating. CLS is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is CLS’s price target for the next 12 months?
The current consensus forecast for the stock is between $16.67 and $25.00, with a median target price of $22.50. In analyzing these forecasts, the average price target given by analysts for Celestica Inc. (CLS) is $21.78.
