Century Aluminum Co. (NASDAQ:CENX) shares, rose in value on Thursday, April 04, with the stock price down by -0.60% to the previous day’s close as strong demand from buyers drove the stock to $16.68.
Actively observing the price movement in the recent trading, the stock is buoying the session at $16.78. The value of beta (5-year monthly) is 2.74. Referring to stock’s 52-week performance, its high was $17.00, and the low was $5.70. On the whole, CENX has fluctuated by 62.10% over the past month.
With the market capitalization of Century Aluminum Co. currently standing at about $1.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 06, 2024 – May 10, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.17, which is expected to increase to $0.11 for fiscal year -$0.05 and then to about $0.94 by fiscal year 2025. Data indicates that the EPS growth is expected to be -115.20% in 2025, while the next year’s EPS growth is forecast to be 1,980.00%.
Analysts have estimated the company’s revenue for the quarter at $493.65 million, with a low estimate of $467 million and a high estimate of $520.3 million. According to the average forecast, sales growth in current quarter could jump down -10.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2 billion, representing a decrease of -8.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CENX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CENX currently trading nearly 27.77% and 43.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 84.17, while the 7-day volatility ratio is showing 6.12% which for the 30-day chart, stands at 5.31%. Furthermore, Century Aluminum Co. (CENX)’s beta value is 2.73, and its average true range (ATR) is 0.72.
A comparison of Century Aluminum Co. (CENX) with its peers suggests the former has fared considerably weaker in the market. CENX showed an intraday change of -0.60% in today’s session so far, and over the past year, it grew by 65.48%%.
Data on historical trading for Century Aluminum Co. (NASDAQ:CENX) indicates that the trading volumes over the past 10 days have averaged 1.78 million and over the past 3 months, they’ve averaged 1.43 million. According to company’s latest data on outstanding shares, there are 92.69 million shares outstanding.
Nearly 44.69% of Century Aluminum Co.’s shares belong to company insiders and institutional investors own 64.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.03 million shares as on Mar 15, 2024, resulting in a short ratio of 5.47. According to the data, the short interest in Century Aluminum Co. (CENX) stood at 7.59% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.62 million. The stock has risen by 37.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CENX stock heading into the next quarter.
