Century Aluminum Co. (NASDAQ: CENX) Stock: Bulls Need To See This

Century Aluminum Co. (NASDAQ:CENX) price closed lower on Friday, April 12, dropping -1.49% below its previous close.

A look at the daily price movement shows that the last close reads $16.73. The company’s 5Y monthly beta was ticking 2.74. Taking into account the 52-week price action we note that the stock hit a 52-week high of $17.58 and 52-week low of $5.70. The stock added 41.34% on its value in the past month.

Century Aluminum Co., which has a market valuation of $1.52 billion, is expected to release its quarterly earnings report May 06, 2024 – May 10, 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CENX a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

The overview shows that CENX’s price is at present 12.34% off the SMA20 and 34.40% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 70.95, with weekly volatility standing at 5.61%. The indicator jumps to 5.68% when calculated based on the past 30 days. Century Aluminum Co. (NASDAQ:CENX)’s beta value is holding at 2.73, while the average true range (ATR) indicator is currently reading 0.83. An analysis of the Century Aluminum Co. (NASDAQ:CENX) stock in terms of its daily trading volume indicates that the 3-month average is 1.38 million.

Current records show that the company has 92.69M in outstanding shares. The insiders’ percentage holdings are 44.70% of outstanding shares while the percentage share held by institutions stands at 64.85%. But the 35.75% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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