As of Thursday close, Celanese Corporation’s (NYSE:CE) stock was down -$2.64, moving down -2.06 percent to $125.35. The average number of shares traded per day over the past five days has been 1,005,600 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.53 fall in that time frame. In the last twenty days, the average volume was 1,211,670, while in the previous 50 days, it was 1,224,112.
Since last month, CE stock rose 6.73%. Shares of the company fell to $116.32 on 08/24/23, the lowest level in the past month. A 52-week high of $131.05 was reached on 09/20/23 after having rallying from a 52-week low of $86.71. Since the beginning of this year, CE’s stock price has risen by 22.60% or $23.11, and marked a new high 16 times. However, the stock has declined by -4.35% since its 52-week high.
CE stock investors should be aware that Celanese Corporation (CE) stock had its last reported insider trading activity 126 days ago on May 19. Kelly Thomas Francis, the SVP, EM of the company, purchased of 2,000 shares for $107.29 on May 19. It resulted in a $214,580 investment by the insider. Murray Mark Christopher added 1,008 shares at an average price of $101.69 on May 12. The insider now owns 11,597 shares following the transaction. On Feb 28, SVP – Acetyls Murray Mark Christopher bought 1,200 shares at $117.15 apiece. The transaction was valued at $140,580.
Valuation Metrics
Right now, Celanese Corporation (CE) has a P/E ratio of about 10.77. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 1.33, the price-to-book (PB) ratio of 2.43, and the price-to-cash flow ratio of 12.66 may also be considered.
The latest dividend of $0.70 per share was paid out, remained unchanged from last year’s $0.70. On Wednesday October 19 2022, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Celanese Corporation’s quick ratio stood at 1.00, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.29, and the total debt-to-equity ratio was 2.56. On the profitability front, the trailing twelve-month gross margin is 21.80% percent. In the year ended June 29, EBITDA margin amounted to 18.63%, whereas operating margins totaled 9.20%. Based on annual data, CE earned $2.38 billion in gross profit and brought in $9.67 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 9.20%. Return on equity (ROE) for the past 12 months was 23.20%.
In Celanese Corporation’s quarter-end financial report for June 29, it reported total debt of $12.89 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CE’s revenue rose 11.06% to $2.85 billion during the quarter, while net income inched up to $2.79 billion. While analysts expected Celanese Corporation to report $2.48 quarterly earnings, the actual figure was $2.17 per share, beating the consensus estimate by -12.50%. During the quarter, the company generated $516.0 million in EBITDA. The liabilities of Celanese Corporation were 19.56 billion at the end of its most recent quarter ended June 29, and its total debt was $14.83 billion. The value of shareholders’ equity is $108.85 million.
Technical Picture
This quick technical analysis looks at Celanese Corporation’s (CE) price momentum. With a historical volatility rate of 25.12%, the RSI 9-day stood at 47.26% on 21 September.
With respect to its five-day moving average, the current Celanese Corporation price is down by -2.74% percent or -$3.53. At present, CE shares trade +6.67% above its 20-day simple moving average and +17.99% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.90% above its SMA50 and +14.88% above its SMA200.
Stochastic coefficient K was 53.24% and Stochastic coefficient D was 68.54%, while ATR was 2.89. Given the Stochastic reading of 28.21% for the 14-day period, the RSI (14) reading has been calculated as 51.10%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 0.35.
Analyst Ratings
KeyBanc Capital Markets upgraded its rating on Celanese Corporation (NYSE: CE) to an Overweight in a note to investors on September 06, 2023. The analysts firm previously had a Sector weight rating on the stock.Celanese Corporation (CE) has been rated Overweight by analysts. According to 1 brokerage firm, CE is a sell, and 12 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate Celanese Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $130.00, the current consensus forecast for the stock is $110.00 – $155.00. Based on these forecasts, analysts predict Celanese Corporation (CE) will achieve an average price target of $131.90.
