The stock of Celestica, Inc. (CLS) has gone down by -0.72% for the week, with a -2.53% drop in the past month and a -15.41% drop in the past quarter. The volatility ratio for the week is 3.06%, and the volatility levels for the past 30 days are 4.10% for CLS. The simple moving average for the past 20 days is 4.94% for CLS’s stock, with a 8.45% simple moving average for the past 200 days.
Is It Worth Investing in Celestica, Inc. (NYSE: CLS) Right Now?
Celestica, Inc. (NYSE: CLS) has a higher price-to-earnings ratio of 16.21x compared to its average ratio. CLS has 36-month beta value of 2.29. Analysts have mixed views on the stock, 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 currently, short sellers hold a 2.97% ratio of that float. The average trading volume of CLS on October 02, 2024 was 2.14M shares.
CLS) stock’s latest price update
The stock of Celestica, Inc. (NYSE: CLS) has decreased by -2.91 when compared to last closing price of 51.12.Despite this, the company has seen a loss of -0.72% in its stock price over the last five trading days. globenewswire.com reported 2024-09-30 that TORONTO, Sept. 30, 2024 (GLOBE NEWSWIRE) — Celestica Inc. (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world’s most innovative companies, today announced that its Johor, Malaysia operation was honoured with a 2024 Supplier Excellence Award from Lam Research, a global provider of innovative wafer fabrication equipment and services to the semiconductor industry.
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 -0.02% 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 -21.83% of loss for the given period.
Volatility was left at 4.10%, however, over the last 30 days, the volatility rate increased by 3.06%, as shares surge +6.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.78% lower at present.
During the last 5 trading sessions, CLS fell by -0.72%, which changed the moving average for the period of 200-days by +76.31% in comparison to the 20-day moving average, which settled at $47.45. In addition, Celestica, Inc. saw 69.50% 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 0.72. 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 put it simply, Celestica, Inc. (CLS) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.