Celestica, Inc. (CLS) Stock: A Closer Look at the Market Potential

The price-to-earnings ratio for Celestica, Inc. (NYSE: CLS) is above average at 21.84x, Company’s 36-month beta value is 2.26.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 0 as “sell.”

The public float for CLS is 117.71M, and currently, short sellers hold a 4.16% ratio of that floaft. The average trading volume of CLS on April 02, 2024 was 2.20M shares.

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CLS) stock’s latest price update

Celestica, Inc. (NYSE: CLS) has seen a decline in its stock price by -2.97 in relation to its previous close of 45.90. However, the company has experienced a -3.89% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-19 that CLS looks like the ultimate AI pick at a reasonable price, unlike many other stocks in this space that have gone up too much recently. Read on. The company’s strong financial performance includes increased revenue, improved operating profit margins, and successful Q4 results. Celestica’s balance sheet is healthy, with decreasing debt ratios, and the company has a track record of shareholder returns through buybacks.

CLS’s Market Performance

CLS’s stock has fallen by -3.89% in the past week, with a monthly drop of -1.68% and a quarterly rise of 52.11%. The volatility ratio for the week is 3.08% while the volatility levels for the last 30 days are 4.09% for Celestica, Inc. The simple moving average for the last 20 days is -2.20% for CLS stock, with a simple moving average of 62.01% for the last 200 days.

Analysts’ Opinion of CLS

RBC Capital Mkts, on the other hand, stated in their research note that they expect to see CLS reach a price target of $22, previously predicting the price at $14. The rating they have provided for CLS stocks is “Outperform” according to the report published on July 28th, 2023.

CIBC gave a rating of “Sector Outperform” to CLS, setting the target price at $25 in the report published on July 28th of the previous year.

CLS Trading at 10.25% from the 50-Day Moving Average

After a stumble in the market that brought CLS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.76% of loss for the given period.

Volatility was left at 4.09%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares sank -5.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.71% upper at present.

During the last 5 trading sessions, CLS fell by -4.18%, which changed the moving average for the period of 200-days by +226.99% in comparison to the 20-day moving average, which settled at $45.40. In addition, Celestica, Inc. saw 52.11% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CLS

Current profitability levels for the company are sitting at:

  • 0.05 for the present operating margin
  • 0.1 for the gross margin

The net margin for Celestica, Inc. stands at 0.03. The total capital return value is set at 0.15. Equity return is now at value 14.20, with 4.25 for asset returns.

Based on Celestica, Inc. (CLS), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.66. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 5.04.

Currently, EBITDA for the company is 569.05 million with net debt to EBITDA at 0.73. When we switch over and look at the enterprise to sales, we see a ratio of 0.71. The receivables turnover for the company is 4.46for trailing twelve months and the total asset turnover is 1.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.

Conclusion

In a nutshell, Celestica, Inc. (CLS) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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