Century Aluminum Co. (NASDAQ:CENX) shares, rose in value, with the stock price down by -0.91% to the previous day’s close as strong demand from buyers drove the stock to $17.39.
Actively observing the price movement in the last trading, the stock closed the session at $17.55. Referring to stock’s 52-week performance, its high was $18.64, and the low was $5.70. On the whole, CENX has fluctuated by 25.29% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2B, with a low estimate of 465M and a high estimate of 520.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 492.65M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 4.38% and 30.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.60, while the 7-day volatility ratio is showing 5.31% which for the 30-day chart, stands at 5.72%. Furthermore, Century Aluminum Co. (CENX)’s beta value is 2.68, and its average true range (ATR) is 0.93.
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 -0.91% in last session, and over the past year, it grew by 96.72%%.
Data on historical trading for Century Aluminum Co. (NASDAQ:CENX) indicates that the trading volumes over the past 3 months, they’ve averaged 1.41 million. According to company’s latest data on outstanding shares, there are 92.69 million shares outstanding.
Nearly 44.70% of Century Aluminum Co.’s shares belong to company insiders and institutional investors own 64.65% of the company’s shares. The stock has risen by 43.25% 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.
