At the last check on Thursday, Celestica Inc.’s (NYSE:CLS) stock traded at $22.48. The average number of shares traded per day over the past five days has been 1,083,897 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.97 fall in that time frame. In the last twenty days, the average volume was 1,612,574, while in the previous 50 days, it was 1,764,506.
Since last month, CLS stock rose 4.78%. Shares of the company fell to $20.76 on 08/22/23, the lowest level in the past month. A 52-week high of $24.46 was reached on 09/12/23 after having rallying from a 52-week low of $8.21. Since the beginning of this year, CLS’s stock price has risen by 99.42% or $11.25, and marked a new high 30 times. However, the stock has declined by -8.12% since its 52-week high.
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Valuation Metrics
Right now, Celestica Inc. (CLS) has a P/E ratio of about 16.26. The stock’s beta is 2.15. Besides these, the trailing price-to-sales (P/S) ratio of 0.36, the price-to-book (PB) ratio of 1.61, and the price-to-cash flow ratio of 11.43 may also be considered.
Financial Health
In the three months ended June 29, 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 June 29 was 0.43, and the total debt-to-equity ratio was 0.47. On the profitability front, the trailing twelve-month gross margin is 9.10% percent. In the year ended June 29, EBITDA margin amounted to 5.72%, whereas operating margins totaled 4.00%. 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 10.20%.
According to the earnings report, the company had a higher 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 $0.47 quarterly earnings, the actual figure was $0.55 per share, beating the consensus estimate by 17.00%. During the quarter, the company generated $127.2 million in EBITDA. The liabilities of Celestica Inc. were 3.82 billion at the end of its most recent quarter ended June 29, and its total debt was $783.4 million.
Technical Picture
This quick technical analysis looks at Celestica Inc.’s (CLS) price momentum. With a historical volatility rate of 28.35%, the RSI 9-day stood at 43.74% on 20 September.
With respect to its five-day moving average, the current Celestica Inc. price is down by -4.13% percent or -$0.97. At present, CLS shares trade +1.85% above its 20-day simple moving average and +107.37% percent above its 100-day simple moving average. However, the stock is currently trading approximately +40.84% above its SMA50 and +100.89% above its SMA200.
Stochastic coefficient K was 17.66% and Stochastic coefficient D was 18.47%, while ATR was 0.72. Given the Stochastic reading of 28.68% for the 14-day period, the RSI (14) reading has been calculated as 52.77%. As of today, the MACD Oscillator reading stands at -0.59, while the 14-day reading stands at -0.69.
Analyst Ratings
TD Securities upgraded its rating on Celestica Inc. (NYSE: CLS) to a Buy in a note to investors on July 28, 2023. The analysts firm previously had a Hold rating on the stock.Celestica Inc. (CLS) has been rated Buy by analysts. According to 0 brokerage firms, CLS is a sell, and 1 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 6 recommending it as overweight.
With a median target price of $23.50, the current consensus forecast for the stock is $16.67 – $25.00. Based on these forecasts, analysts predict Celestica Inc. (CLS) will achieve an average price target of $22.45.
