Celanese Corp (NYSE: CE)’s stock price has increased by 0.18 compared to its previous closing price of 163.27. However, the company has seen a 4.59% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-09 that Net sales of Engineered Materials unit of Celanese (CE) decrease sequentially on lower volumes and prices in Q1.
Is It Worth Investing in Celanese Corp (NYSE: CE) Right Now?
Celanese Corp (NYSE: CE) has a price-to-earnings ratio that is above its average at 9.00x. The stock has a 36-month beta value of 1.35. Opinions on the stock are mixed, 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 at present, short sellers hold a 4.42% of that float. On May 09, 2024, the average trading volume of CE was 702.79K shares.
CE’s Market Performance
The stock of Celanese Corp (CE) has seen a 4.59% increase in the past week, with a 2.18% rise in the past month, and a 9.85% gain in the past quarter. The volatility ratio for the week is 2.00%, and the volatility levels for the past 30 days are at 2.12% for CE. The simple moving average for the past 20 days is 4.52% for CE’s stock, with a 17.18% 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 2.58% 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 -5.00% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 2.00%, as shares surge +2.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.71% upper at present.
During the last 5 trading sessions, CE rose by +4.82%, which changed the moving average for the period of 200-days by +32.20% in comparison to the 20-day moving average, which settled at $156.67. In addition, Celanese Corp saw 5.27% 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 31.35, with 7.66 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 2.79. 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 1.21.
Conclusion
To sum up, Celanese Corp (CE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
