In the past week, CLS stock has gone up by 3.33%, with a monthly decline of -13.53% and a quarterly plunge of -20.75%. The volatility ratio for the week is 3.34%, and the volatility levels for the last 30 days are 4.16% for Celestica, Inc. The simple moving average for the last 20 days is -2.67% for CLS stock, with a simple moving average of 4.70% for the last 200 days.
Is It Worth Investing in Celestica, Inc. (NYSE: CLS) Right Now?
Celestica, Inc. (NYSE: CLS) has a price-to-earnings ratio that is above its average at 15.29x. The stock has a 36-month beta value of 2.30. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for CLS is 118.33M, and at present, short sellers hold a 2.72% of that float. On September 19, 2024, the average trading volume of CLS was 2.26M shares.
CLS) stock’s latest price update
Celestica, Inc. (NYSE: CLS)’s stock price has decreased by -0.34 compared to its previous closing price of 46.99. However, the company has seen a 3.33% increase in its stock price over the last five trading sessions. zacks.com reported 2024-09-18 that The latest trading day saw Celestica (CLS) settling at $46.83, representing a -0.34% change from its previous close.
Analysts’ Opinion of CLS
Many brokerage firms have already submitted their reports for CLS stocks, with Stifel repeating the rating for CLS by listing it as a “Buy.” The predicted price for CLS in the upcoming period, according to Stifel is $58 based on the research report published on September 09, 2024 of the current year 2024.
Fox Advisors, on the other hand, stated in their research note that they expect to see CLS reach a price target of $60. The rating they have provided for CLS stocks is “Overweight” according to the report published on May 15th, 2024.
CLS Trading at -8.75% 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 -26.24% of loss for the given period.
Volatility was left at 4.16%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares sank -13.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.98% lower at present.
During the last 5 trading sessions, CLS rose by +3.33%, which changed the moving average for the period of 200-days by +73.70% in comparison to the 20-day moving average, which settled at $47.75. In addition, Celestica, Inc. saw 59.94% 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
To sum up, Celestica, Inc. (CLS) has seen a mixed 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.
