The stock of Celestica, Inc. (CLS) has seen a -8.96% decrease in the past week, with a -7.54% drop in the past month, and a 31.81% flourish in the past quarter. The volatility ratio for the week is 5.58%, and the volatility levels for the past 30 days are at 4.55% for CLS. The simple moving average for the past 20 days is -12.28% for CLS’s stock, with a 37.66% simple moving average for the past 200 days.
Is It Worth Investing in Celestica, Inc. (NYSE: CLS) Right Now?
Celestica, Inc. (NYSE: CLS) has a price-to-earnings ratio of 19.97x that is above its average ratio. Additionally, the 36-month beta value for CLS is 2.24. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for CLS is 117.71M and currently, short sellers hold a 3.95% ratio of that float. The average trading volume of CLS on April 22, 2024 was 2.29M shares.
CLS) stock’s latest price update
Celestica, Inc. (NYSE: CLS)’s stock price has decreased by -7.03 compared to its previous closing price of 43.81. However, the company has seen a -8.96% decrease in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-20 that Out of all the alternatives, three stocks bound to outperform decisively in the next earnings season stand out as strong candidates. These businesses provide services in electronic manufacturing, application software, and other areas.
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 -7.11% 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 -20.32% of loss for the given period.
Volatility was left at 4.55%, however, over the last 30 days, the volatility rate increased by 5.58%, as shares sank -13.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.02% upper at present.
During the last 5 trading sessions, CLS fell by -8.96%, which changed the moving average for the period of 200-days by +174.46% in comparison to the 20-day moving average, which settled at $46.11. In addition, Celestica, Inc. saw 39.11% 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 0.66. 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 conclusion, Celestica, Inc. (CLS) has seen mixed 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
