Celestica, Inc. (NYSE: CLS) has a higher price-to-earnings ratio of 15.16x compared to its average ratio, The 36-month beta value for CLS is at 2.32. 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 118.33M, and currently, shorts hold a 3.88% of that float. The average trading volume for CLS on August 05, 2024 was 2.38M shares.
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CLS) stock’s latest price update
Celestica, Inc. (NYSE: CLS)’s stock price has plunge by 0.29relation to previous closing price of 46.29. Nevertheless, the company has seen a -7.15% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-02 that I downgraded Celestica stock to “Hold” 6 months ago due to valuation concerns, but the recent Q2 FY2024 results have led to an upgrade back to Buy. Read on. Q2 performance showed strong growth in the CCS segment, offsetting weakness in the ATS segment, leading to increased revenue and margins. Overall, Celestica’s business growth isn’t slowing. According to my DCF model, the stock is undervalued by approximately 68.7% – hence the upgrade to Buy.
CLS’s Market Performance
Celestica, Inc. (CLS) has seen a -7.15% fall in stock performance for the week, with a -19.43% decline in the past month and a 3.49% surge in the past quarter. The volatility ratio for the week is 5.98%, and the volatility levels for the past 30 days are at 5.33% for CLS. The simple moving average for the past 20 days is -16.57% for CLS’s stock, with a 12.81% simple moving average for the past 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 -17.00% 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 -26.88% of loss for the given period.
Volatility was left at 5.33%, however, over the last 30 days, the volatility rate increased by 5.98%, as shares sank -23.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.97% lower at present.
During the last 5 trading sessions, CLS fell by -9.45%, which changed the moving average for the period of 200-days by +66.02% in comparison to the 20-day moving average, which settled at $54.95. In addition, Celestica, Inc. saw 58.56% 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 0.18. Equity return is now at value 20.99, with 6.43 for asset returns.
Based on Celestica, Inc. (CLS), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 7.3.
Currently, EBITDA for the company is 569.05 million with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 0.69. The receivables turnover for the company is 4.63for trailing twelve months and the total asset turnover is 1.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
In conclusion, Celestica, Inc. (CLS) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
