Century Aluminum Co. (NASDAQ:CENX) saw an upside of 0.15% to close Friday at $6.82 after adding $0.01 on the day. The 5-day average trading volume is 982,340 shares of the company’s common stock. It has gained $7.55 in the past week and touched a new high 1 time within the past 5 days. An average of 1,161,400 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,088,296.
CENX’s 1-month performance is -11.66% or -$1.10 on its low of $6.79 reached on 09/22/23. The company’s shares have touched a 52-week low of $5.27 and high of $12.97, with the stock’s rally to the 52-week high happening on 03/03/23. YTD, CENX has lost -16.63% or -$1.36 and has reached a new high 11 times. However, the current price is down -47.40% from the 52-week high price.
Valuation Metrics
CENX stock has a beta of 2.72. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.27 while the price-to-book (PB) in the most recent quarter is 1.69.
Century Aluminum Co.’s quick ratio for the period ended June 29 was 0.33, with the current ratio over the same period at 1.22. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.13, while the total debt to equity was 1.54. In terms of profitability, the gross margin trailing 12 months is 0.08%. The trailing 12-month EBITDA margin is 2.98% while for the period ending June 29, Century Aluminum Co.’s operating margin was -2.40%. The firm’s gross profit as reported stood at $46.7 million against revenue of $2.78 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -394.37% to $7.1 million, while revenue of -$38.6 million was 643.66% off the previous quarter. Analysts expected CENX to announce -$0.04 per share in earnings in its latest quarter, but it posted $0.16, representing a 500.00% surprise. EBITDA for the quarter stood at more than $14.9 million. CENX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.34 billion, with total debt at $575.2 million. Shareholders hold equity totaling $92.39 million.
Let’s look briefly at Century Aluminum Co. (CENX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 35.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 49.20%.
The stock’s 5-day moving average is $6.98, reflecting a -9.31% or -$0.70 change from its current price. CENX is currently trading -7.59% above its 20-day SMA, -20.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -24.89% and SMA200 by-16.63%.
Stochastic %K and %D was 10.61% and 13.95% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 37.30%, while the 14-day stochastic is at 3.45% with the period’s ATR at 0.33. The stock’s 9-day MACD Oscillator is pointing at -0.26 and -0.33 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Century Aluminum Co. (NASDAQ: CENX), Wolfe Research downgraded it to an Underperform rating. They previously had a Peer perform rating on the stock. Analysts offering their rating for CENX stock have a consensus rating for the stock as Underweight. Currently, 1 brokerage advisors rate CENX as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is CENX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.00 and a high of $9.00, with their median price target at $9.00. Looking at these predictions, the average price target given by analysts is for Century Aluminum Co. (CENX) stock is $8.00.
