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Is Century Aluminum Company (CENX) a Keeper?

Century Aluminum Company (NASDAQ:CENX) went up by 3.86% from its latest closing price compared to the recent 1-year high of $30.36. The company’s stock price has collected 5.34% of gains in the last five trading sessions.

Is It Worth Investing in Century Aluminum Company (NASDAQ :CENX) Right Now?

Century Aluminum Company (NASDAQ:CENX) scored a price-to-earnings ratio above its average ratio, recording 6.79 x from its present earnings ratio. Plus, the 36-month beta value for CENX is at 2.71.

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CENX currently public float of 51.40M and currently shorts hold a 9.67% ratio of that float. Today, the average trading volume of CENX was 1.92M shares.

CENX’s Market Performance

CENX stocks went up by 5.34% for the week, with a monthly jump of 36.97% and a quarterly performance of 62.83%, while its annual performance rate touched -30.57%. The volatility ratio for the week stands at 6.66% while the volatility levels for the past 30 days are set at 6.82% for Century Aluminum Company. The simple moving average for the period of the last 20 days is 20.03% for CENX stocks with a simple moving average of 11.39% for the last 200 days.

Analysts’ Opinion of CENX

Many brokerage firms have already submitted their reports for CENX stocks, with Wolfe Research repeating the rating for CENX by listing it as a “Underperform.” The predicted price for CENX in the upcoming period, according to Wolfe Research is $4 based on the research report published on September 30th of the previous year 2022.

Wolfe Research, on the other hand, stated in their research note that they expect to see CENX reach a price target of $14, previously predicting the price at $30. The rating they have provided for CENX stocks is “Peer Perform” according to the report published on May 18th, 2022.

Wolfe Research gave a rating of “Outperform” to CENX, setting the target price at $19 in the report published on November 17th of the previous year.

CENX Trading at 27.59% from the 50-Day Moving Average

After a stumble in the market that brought CENX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.64% of loss for the given period.

Volatility was left at 6.82%, however, over the last 30 days, the volatility rate increased by 6.66%, as shares surge +42.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +60.00% upper at present.

During the last 5 trading sessions, CENX rose by +5.34%, which changed the moving average for the period of 200-days by -59.40% in comparison to the 20-day moving average, which settled at $9.36. In addition, Century Aluminum Company saw 34.96% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CENX starting from Gary Jesse E, who sale 49,568 shares at the price of $8.88 back on Aug 15. After this action, Gary Jesse E now owns 64,400 shares of Century Aluminum Company, valued at $440,313 using the latest closing price.

Gary Jesse E, the President and CEO of Century Aluminum Company, sale 50,000 shares at $9.78 during a trade that took place back on Aug 12, which means that Gary Jesse E is holding 113,968 shares at $488,800 based on the most recent closing price.

Stock Fundamentals for CENX

Current profitability levels for the company are sitting at:

  • +2.99 for the present operating margin
  • +5.62 for the gross margin

The net margin for Century Aluminum Company stands at -7.55. Equity return is now at value 33.10, with 9.60 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.

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