Celanese Corp (NYSE: CE) has experienced a rise in its stock price by 0.19 compared to its previous closing price of 160.07. However, the company has seen a fall of -1.79% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-11 that Celanese (CE) achieves milestones in cost-effective, sustainable growth, including new facilities and supply contracts, positioning for earnings increase and global expansion.
Is It Worth Investing in Celanese Corp (NYSE: CE) Right Now?
The price-to-earnings ratio for Celanese Corp (NYSE: CE) is 8.95x, which is above its average ratio. Moreover, the 36-month beta value for CE is 1.36. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for CE is 111.09M and currently, short sellers hold a 4.51% of that float. On April 12, 2024, CE’s average trading volume was 727.21K shares.
CE’s Market Performance
CE stock saw an increase of -1.79% in the past week, with a monthly gain of 2.44% and a quarterly increase of 7.64%. The volatility ratio for the week is 1.97%, and the volatility levels for the last 30 days are 2.07% for Celanese Corp (CE). The simple moving average for the past 20 days is -2.90% for CE’s stock, with a 18.15% simple moving average for the past 200 days.
Analysts’ Opinion of CE
Many brokerage firms have already submitted their reports for CE stocks, with JP Morgan repeating the rating for CE by listing it as a “Underweight.” The predicted price for CE in the upcoming period, according to JP Morgan is $160 based on the research report published on April 04, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see CE reach a price target of $170. The rating they have provided for CE stocks is “Equal Weight” according to the report published on April 04th, 2024.
Piper Sandler gave a rating of “Overweight” to CE, setting the target price at $170 in the report published on February 26th of the current year.
CE Trading at 2.54% from the 50-Day Moving Average
After a stumble in the market that brought CE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.84% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +1.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.64% upper at present.
During the last 5 trading sessions, CE fell by -1.79%, which changed the moving average for the period of 200-days by +44.38% in comparison to the 20-day moving average, which settled at $165.30. In addition, Celanese Corp saw 3.22% 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 CE starting from Richardson Scott A, who sale 2,000 shares at the price of $156.49 back on Mar 15 ’24. After this action, Richardson Scott A now owns 74,429 shares of Celanese Corp, valued at $312,980 using the latest closing price.
Kelly Thomas Francis, the SVP, EM of Celanese Corp, purchase 1,400 shares at $156.69 during a trade that took place back on Mar 14 ’24, which means that Kelly Thomas Francis is holding 57,023 shares at $219,373 based on the most recent closing price.
Stock Fundamentals for CE
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.24 for the gross margin
The net margin for Celanese Corp stands at 0.18. The total capital return value is set at 0.07. Equity return is now at value 30.94, with 7.45 for asset returns.
Based on Celanese Corp (CE), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.94. The interest coverage ratio of the stock is 4.63.
Currently, EBITDA for the company is 1.92 billion with net debt to EBITDA at 9.09. When we switch over and look at the enterprise to sales, we see a ratio of 2.76. The receivables turnover for the company is 6.13for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
To wrap up, the performance of Celanese Corp (CE) has been better in recent times. The stock has received a bullish of “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.
