The stock of Celestica, Inc. (NYSE: CLS) has increased by 3.34 when compared to last closing price of 44.86. Despite this, the company has experienced a 5.32% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock’s price, but are they really important?
Is It Worth Investing in Celestica, Inc. (NYSE: CLS) Right Now?
Celestica, Inc. (NYSE: CLS) has a higher price-to-earnings ratio of 17.24x compared to its average ratio, The 36-month beta value for CLS is at 2.25. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for CLS is 117.25M, and currently, shorts hold a 4.32% of that float. The average trading volume for CLS on May 06, 2024 was 2.30M shares.
CLS’s Market Performance
CLS’s stock has seen a 5.32% increase for the week, with a -6.13% drop in the past month and a 25.53% gain in the past quarter. The volatility ratio for the week is 4.48%, and the volatility levels for the past 30 days are at 4.93% for Celestica, Inc. The simple moving average for the last 20 days is 4.21% for CLS stock, with a simple moving average of 49.01% for the last 200 days.
Analysts’ Opinion of CLS
RBC Capital Mkts gave a rating of “Outperform” to CLS, setting the target price at $22 in the report published on July 28th of the previous year.
CLS Trading at 3.16% 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 -9.31% of loss for the given period.
Volatility was left at 4.93%, however, over the last 30 days, the volatility rate increased by 4.48%, as shares sank -6.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.59% upper at present.
During the last 5 trading sessions, CLS rose by +5.25%, which changed the moving average for the period of 200-days by +188.66% in comparison to the 20-day moving average, which settled at $44.33. In addition, Celestica, Inc. saw 58.33% 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:
- 0.06 for the present operating margin
- 0.1 for the gross margin
The net margin for Celestica, Inc. stands at 0.04. The total capital return value is set at 0.17. Equity return is now at value 19.10, with 5.75 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 0.74. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 6.47.
Currently, EBITDA for the company is 569.05 million with net debt to EBITDA at 0.82. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. The receivables turnover for the company is 4.59for trailing twelve months and the total asset turnover is 1.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
In conclusion, Celestica, Inc. (CLS) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
