The stock of Celestica, Inc. (NYSE: CLS) has increased by 0.57 when compared to last closing price of 54.16.Despite this, the company has seen a gain of 6.41% in its stock price over the last five trading days. investorplace.com reported 2024-08-14 that Tech stocks have been booming throughout 2024 due to increased investor attention to new and developing technologies such as generative AI and cloud computing. It has provided a large number of investment opportunities recently and still offers strong growth potential.
Is It Worth Investing in Celestica, Inc. (NYSE: CLS) Right Now?
Celestica, Inc. (NYSE: CLS) has a price-to-earnings ratio of 17.79x that is above its average ratio. Additionally, the 36-month beta value for CLS is 2.30. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CLS is 118.20M and currently, short sellers hold a 3.11% ratio of that float. The average trading volume of CLS on August 20, 2024 was 2.37M shares.
CLS’s Market Performance
CLS stock saw a decrease of 6.41% in the past week, with a monthly decline of -4.27% and a quarterly a decrease of 3.42%. The volatility ratio for the week is 3.71%, and the volatility levels for the last 30 days are 5.99% for Celestica, Inc. (CLS). The simple moving average for the past 20 days is 7.54% for CLS’s stock, with a 28.05% 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 -0.23% 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 -14.20% of loss for the given period.
Volatility was left at 5.99%, however, over the last 30 days, the volatility rate increased by 3.71%, as shares sank -6.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.85% upper at present.
During the last 5 trading sessions, CLS rose by +6.00%, which changed the moving average for the period of 200-days by +124.77% in comparison to the 20-day moving average, which settled at $50.47. In addition, Celestica, Inc. saw 86.03% 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 0.79. 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 seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
