Century Aluminum Co. (NASDAQ:CENX) traded at $17.97 at close of the session on Friday, April 26, made an upward move of 2.04% on its previous day’s price.
Looking at the stock we see that its previous close was $17.61 . In terms of its 52-week price range, CENX has a high of $18.64 and a low of $5.70. The company’s stock has gained about 21.58% over that past 30 days.
Century Aluminum Co. has a market cap of $1.67 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.15, with the EPS growth for the year raised at -$0.02 for 2024 and $0.94 for next year. These figures represent -106.10% and 4,800.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $492.65 million, with a low of $465 million and a high of $520.3 million. The median projection represents growth adding up to -10.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $2 billion, or -8.60% down from figures reported last year.
On the other hand, looking at the outlook for the CENX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 5.89% off its SMA20 and 31.80% from its 50-day simple moving average. The RSI (14) is pointing at 70.61 while the volatility over the past week is 4.85% and jumps to 5.66% over the past one month. The beta value is 2.67, while the average true range (ATR) is currently pointing at 0.90.
Coming back to Century Aluminum Co. (NASDAQ:CENX), we note that the average 3-month trading volume was 1.40 million. Current shares outstanding are 92.69 million.
The insiders hold 44.70% of the company’s shares while institutions hold 64.68%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 48.02% up in year-to-date price movement.
