Century Aluminum Co. (NASDAQ: CENX) has a price-to-earnings ratio that is above its average at 5.41x. The stock has a 36-month beta value of 2.50. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for CENX is 51.50M, and at present, short sellers hold a 10.28% of that float. On September 11, 2024, the average trading volume of CENX was 1.40M shares.
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CENX) stock’s latest price update
Century Aluminum Co. (NASDAQ: CENX)’s stock price has dropped by -2.71 in relation to previous closing price of 12.01. Nevertheless, the company has seen a loss of -10.12% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-09 that Century Aluminum Company (NASDAQ:CENX ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Ryan Crawford – Financial Planning & Analysis & Investor Relations Manager Jesse Gary – President & Chief Executive Officer Jerry Bialek – Executive Vice President & Chief Financial Officer Peter Trpkovski – Senior Vice President of Finance & Treasurer Conference Call Participants Lucas Pipes – B. Riley Securities Katja Jancic – BMO Timna Tanners – Wolfe Research Operator Good afternoon.
CENX’s Market Performance
Century Aluminum Co. (CENX) has seen a -10.12% fall in stock performance for the week, with a -16.24% decline in the past month and a -23.58% plunge in the past quarter. The volatility ratio for the week is 4.93%, and the volatility levels for the past 30 days are at 5.02% for CENX. The simple moving average for the past 20 days is -15.59% for CENX’s stock, with a -15.58% simple moving average for the past 200 days.
Analysts’ Opinion of CENX
Many brokerage firms have already submitted their reports for CENX stocks, with B. Riley Securities repeating the rating for CENX by listing it as a “Buy.” The predicted price for CENX in the upcoming period, according to B. Riley Securities is $14 based on the research report published on January 09, 2024 of the current year 2024.
Wolfe Research gave a rating of “Underperform” to CENX, setting the target price at $6 in the report published on July 11th of the previous year.
CENX Trading at -23.57% from the 50-Day Moving Average
After a stumble in the market that brought CENX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.32% of loss for the given period.
Volatility was left at 5.02%, however, over the last 30 days, the volatility rate increased by 4.93%, as shares sank -14.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.08% lower at present.
During the last 5 trading sessions, CENX fell by -10.35%, which changed the moving average for the period of 200-days by +48.47% in comparison to the 20-day moving average, which settled at $13.74. In addition, Century Aluminum Co. saw -3.75% 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 CENX starting from Gary Jesse E, who sale 60,000 shares at the price of $16.21 back on Jun 26 ’24. After this action, Gary Jesse E now owns 62,447 shares of Century Aluminum Co., valued at $972,600 using the latest closing price.
Aboud Matt, the SVP, Strategy & Business Dev’t of Century Aluminum Co., sale 3,766 shares at $10.61 during a trade that took place back on Mar 04 ’24, which means that Aboud Matt is holding 59,248 shares at $39,957 based on the most recent closing price.
Stock Fundamentals for CENX
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.03 for the gross margin
The net margin for Century Aluminum Co. stands at 0.11. The total capital return value is set at 0.01. Equity return is now at value 47.35, with 12.99 for asset returns.
Based on Century Aluminum Co. (CENX), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 0.41.
Currently, EBITDA for the company is 106.6 million with net debt to EBITDA at 4.29. When we switch over and look at the enterprise to sales, we see a ratio of 0.73. The receivables turnover for the company is 10.44for trailing twelve months and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
To sum up, Century Aluminum Co. (CENX) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
