Century Aluminum Co. (NASDAQ: CENX) has seen a rise in its stock price by 7.71 in relation to its previous close of 16.48. However, the company has experienced a 3.86% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-15 that The U.S. and U.K. are imposing new sanctions on Russian metals. The move limits the option for U.S. buyers and should at least temporarily boost global metal prices.
Is It Worth Investing in Century Aluminum Co. (NASDAQ: CENX) Right Now?
Additionally, the 36-month beta value for CENX is 2.71. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for CENX is 51.10M and currently, short sellers hold a 14.24% ratio of that float. The average trading volume of CENX on April 16, 2024 was 1.39M shares.
CENX’s Market Performance
The stock of Century Aluminum Co. (CENX) has seen a 3.86% increase in the past week, with a 50.55% rise in the past month, and a 62.99% gain in the past quarter. The volatility ratio for the week is 6.54%, and the volatility levels for the past 30 days are at 5.88% for CENX. The simple moving average for the last 20 days is 19.10% for CENX stock, with a simple moving average of 88.98% for the last 200 days.
Analysts’ Opinion of CENX
Many brokerage firms have already submitted their reports for CENX stocks, with B. Riley Securities repeating the rating for CENX by listing it as a “Buy.” The predicted price for CENX in the upcoming period, according to B. Riley Securities is $14 based on the research report published on January 09, 2024 of the current year 2024.
Wolfe Research gave a rating of “Underperform” to CENX, setting the target price at $6 in the report published on July 11th of the previous year.
CENX Trading at 43.51% 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 -0.62% of loss for the given period.
Volatility was left at 5.88%, however, over the last 30 days, the volatility rate increased by 6.54%, as shares surge +47.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +57.78% upper at present.
During the last 5 trading sessions, CENX rose by +3.86%, which changed the moving average for the period of 200-days by +101.93% in comparison to the 20-day moving average, which settled at $15.19. In addition, Century Aluminum Co. saw 46.21% 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 Aboud Matt, who sale 3,766 shares at the price of $10.61 back on Mar 04 ’24. After this action, Aboud Matt now owns 59,248 shares of Century Aluminum Co., valued at $39,957 using the latest closing price.
Trpkovski Peter A, the SVP, Finance and Treasurer of Century Aluminum Co., sale 13,908 shares at $12.32 during a trade that took place back on Dec 28 ’23, which means that Trpkovski Peter A is holding 41,998 shares at $171,347 based on the most recent closing price.
Stock Fundamentals for CENX
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.04 for the gross margin
The net margin for Century Aluminum Co. stands at -0.02. The total capital return value is set at 0.03. Equity return is now at value -11.95, with -2.72 for asset returns.
Based on Century Aluminum Co. (CENX), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 1.35. The interest coverage ratio of the stock is 0.95.
Currently, EBITDA for the company is 106.6 million with net debt to EBITDA at 3.85. When we switch over and look at the enterprise to sales, we see a ratio of 0.94. The receivables turnover for the company is 12.9for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
In conclusion, Century Aluminum Co. (CENX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
