The stock of Celanese Corp (NYSE: CE) has decreased by -0.99 when compared to last closing price of 155.43. Despite this, the company has experienced a -0.47% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that While Celanese (CE) faces challenges from demand softness and pricing pressures, it benefits from strategic acquisitions and productivity measures.
Is It Worth Investing in Celanese Corp (NYSE: CE) Right Now?
The price-to-earnings ratio for Celanese Corp (NYSE: CE) is above average at 8.59x. The 36-month beta value for CE is also noteworthy at 1.36. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The public float for CE is 111.09M, and at present, short sellers hold a 4.42% of that float. The average trading volume of CE on April 26, 2024 was 718.05K shares.
CE’s Market Performance
CE’s stock has seen a -0.47% decrease for the week, with a -7.53% drop in the past month and a 5.86% gain in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 2.05% for Celanese Corp The simple moving average for the past 20 days is -4.62% for CE’s stock, with a 11.68% 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 -10.61% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares sank -9.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.76% upper at present.
During the last 5 trading sessions, CE fell by -0.47%, which changed the moving average for the period of 200-days by +29.65% in comparison to the 20-day moving average, which settled at $160.56. In addition, Celanese Corp saw -0.95% in overturn over a single year, with a tendency to cut further losses.
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 2.69. 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
In summary, Celanese Corp (CE) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
