The price-to-earnings ratio for Celestica, Inc. (NYSE: CLS) is above average at 21.78x, Company’s 36-month beta value is 2.31.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for CLS is 118.56M, and currently, short sellers hold a 4.14% ratio of that floaft. The average trading volume of CLS on June 18, 2024 was 2.28M shares.
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CLS) stock’s latest price update
Celestica, Inc. (NYSE: CLS) has seen a rise in its stock price by 2.73 in relation to its previous close of 57.02. However, the company has experienced a 10.04% gain in its stock price over the last five trading sessions. 247wallst.com reported 2024-06-16 that NVIDIA‘s (Nasdaq: NVDA) stock keeps soaring after its split.
CLS’s Market Performance
CLS’s stock has risen by 10.04% in the past week, with a monthly rise of 13.56% and a quarterly rise of 36.16%. The volatility ratio for the week is 3.26% while the volatility levels for the last 30 days are 4.20% for Celestica, Inc. The simple moving average for the last 20 days is 5.84% for CLS stock, with a simple moving average of 62.53% for the last 200 days.
Analysts’ Opinion of CLS
Many brokerage firms have already submitted their reports for CLS stocks, with Fox Advisors repeating the rating for CLS by listing it as a “Overweight.” The predicted price for CLS in the upcoming period, according to Fox Advisors is $60 based on the research report published on May 15, 2024 of the current year 2024.
CLS Trading at 17.70% 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 -4.07% of loss for the given period.
Volatility was left at 4.20%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares surge +11.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.49% upper at present.
During the last 5 trading sessions, CLS rose by +10.03%, which changed the moving average for the period of 200-days by +151.27% in comparison to the 20-day moving average, which settled at $55.64. In addition, Celestica, Inc. saw 100.05% 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 0.9. 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 a nutshell, Celestica, Inc. (CLS) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
