At the last check on Thursday, Century Aluminum Company’s (NASDAQ:CENX) stock was up $0.53, moving up 6.82 percent to $8.30. The average number of shares traded per day over the past five days has been 995,427 shares. 2 times new highs have been achieved over the past 5 days, with a $0.01 gain in that time frame. In the last twenty days, the average volume was 889,572, while in the previous 50 days, it was 1,197,041.
Since last month, CENX stock retreated -8.89%. Shares of the company fell to $7.68 on 08/16/23, the lowest level in the past month. A 52-week high of $12.97 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 1.47% or $0.05, and marked a new high 11 times. However, the stock has declined by -35.98% since its 52-week high.
CENX stock investors should be aware that Century Aluminum Company (CENX) stock had its last reported insider trading activity 98 days ago on May 11. Aboud Matt, the SVP, Strategy & Business Dev’t of the company, purchased of 18,000 shares for $7.25 on May 11. It resulted in a $130,500 investment by the insider.
Valuation Metrics
The stock’s beta is 2.72. Besides these, the trailing price-to-sales (P/S) ratio of 0.30, the price-to-book (PB) ratio of 2.11.
Financial Health
In the three months ended June 29, Century Aluminum Company’s quick ratio stood at 0.50, while its current ratio was 1.60, 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 June 29 was 1.08, and the total debt-to-equity ratio was 1.43. On the profitability front, the trailing twelve-month gross margin is 0.10% percent. In the year ended June 29, EBITDA margin amounted to 2.98%, whereas operating margins totaled -7.90%. 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 -15.80%.
In Century Aluminum Company’s quarter-end financial report for June 29, it reported total debt of $69.3 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CENX’s revenue fell -49.0% to $552.4 million during the quarter, while net income inched up to $574.9 million. While analysts expected Century Aluminum Company to report -$0.04 quarterly earnings, the actual figure was $0.16 per share. During the quarter, the company generated $14.9 million in EBITDA. The liabilities of Century Aluminum Company were 1.34 billion at the end of its most recent quarter ended June 29, and its total debt was $575.2 million. The value of shareholders’ equity is $92.39 million.
Technical Picture
This quick technical analysis looks at Century Aluminum Company’s (CENX) price momentum. With a historical volatility rate of 58.22%, the RSI 9-day stood at 42.63% on 16 August.
With respect to its five-day moving average, the current Century Aluminum Company price is up by +0.12% percent or $0.01. At present, CENX shares trade -5.94% below its 20-day simple moving average and -8.25% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.18% below its SMA50 and +14.94% above its SMA200.
Stochastic coefficient K was 13.65% and Stochastic coefficient D was 11.70%, while ATR was 0.44. Given the Stochastic reading of 32.54% for the 14-day period, the RSI (14) reading has been calculated as 43.58%. As of today, the MACD Oscillator reading stands at -0.43, while the 14-day reading stands at -0.70.
Analyst Ratings
Century Aluminum Company downgraded its rating on Century Aluminum Company (NASDAQ: CENX) to an Underperform in a note to investors on July 11, 2023. The analysts firm previously had a Peer perform rating on the stock.Century Aluminum Company (CENX) has been rated Underweight by analysts. According to 1 brokerage firm, CENX is a sell, and 2 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 $9.00, the current consensus forecast for the stock is $6.00 – $9.00. Based on these forecasts, analysts predict Century Aluminum Company (CENX) will achieve an average price target of $8.00.
