The price-to-earnings ratio for Celanese Corp (NYSE: CE) is 6.78x, which is above its average ratio. Moreover, the 36-month beta value for CE is 1.30. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for CE is 108.80M and currently, short sellers hold a 4.49% of that float. On September 11, 2024, CE’s average trading volume was 856.61K shares.
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CE) stock’s latest price update
The stock of Celanese Corp (NYSE: CE) has decreased by -1.00 when compared to last closing price of 120.36. Despite this, the company has experienced a -4.86% fall in its stock price over the last five trading sessions. businesswire.com reported 2024-09-06 that DALLAS–(BUSINESS WIRE)–Bruce Chinn Elected to Celanese Board of Directors.
CE’s Market Performance
CE’s stock has fallen by -4.86% in the past week, with a monthly drop of -5.80% and a quarterly drop of -17.79%. The volatility ratio for the week is 1.98% while the volatility levels for the last 30 days are 1.90% for Celanese Corp The simple moving average for the last 20 days is -6.55% for CE stock, with a simple moving average of -18.72% for the last 200 days.
Analysts’ Opinion of CE
Many brokerage firms have already submitted their reports for CE stocks, with Piper Sandler repeating the rating for CE by listing it as a “Neutral.” The predicted price for CE in the upcoming period, according to Piper Sandler is $150 based on the research report published on September 05, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see CE reach a price target of $130, previously predicting the price at $156. The rating they have provided for CE stocks is “Neutral” according to the report published on August 05th, 2024.
JP Morgan gave a rating of “Underweight” to CE, setting the target price at $160 in the report published on April 04th of the current year.
CE Trading at -10.10% 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 -30.79% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -4.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.66% lower at present.
During the last 5 trading sessions, CE fell by -4.86%, which changed the moving average for the period of 200-days by -8.64% in comparison to the 20-day moving average, which settled at $127.21. In addition, Celanese Corp saw -23.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CE starting from Richardson Scott A, who sale 4,675 shares at the price of $129.51 back on Aug 19 ’24. After this action, Richardson Scott A now owns 69,754 shares of Celanese Corp, valued at $605,459 using the latest closing price.
Richardson Scott A, the EVP & COO of Celanese Corp, sale 4,675 shares at $129.41 during a trade that took place back on Aug 20 ’24, which means that Richardson Scott A is holding 65,079 shares at $604,992 based on the most recent closing price.
Stock Fundamentals for CE
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.23 for the gross margin
The net margin for Celanese Corp stands at 0.18. The total capital return value is set at 0.08. Equity return is now at value 30.23, with 7.51 for asset returns.
Based on Celanese Corp (CE), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.83. The interest coverage ratio of the stock is 327.8.
Currently, EBITDA for the company is 1.92 billion with net debt to EBITDA at 7.53. When we switch over and look at the enterprise to sales, we see a ratio of 2.39. The receivables turnover for the company is 5.48for 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 1.28.
Conclusion
To wrap up, the performance of Celanese Corp (CE) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
