Celanese Corp (NYSE:CE) shares, rose in value on Wednesday, April 16, with the stock price down by -1.05% to the previous day’s close as strong demand from buyers drove the stock to $37.53.
Actively observing the price movement in the last trading, the stock closed the session at $37.93, falling within a range of $36.82 and $38.77. The value of beta (5-year monthly) was 1.069. Referring to stock’s 52-week performance, its high was $169.49, and the low was $36.29. On the whole, CE has fluctuated by -35.87% over the past month.
With the market capitalization of Celanese Corp currently standing at about $4.19 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-17. The company’s Forward Dividend Ratio is 2.13, with its dividend yield at 5.68%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.72B, with a low estimate of 2.14B and a high estimate of 2.4B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.27B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CE currently trading nearly -23.16% and -30.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.22, while the 7-day volatility ratio is showing 6.70% which for the 30-day chart, stands at 7.74%. Furthermore, Celanese Corp (CE)’s beta value is 1.17, and its average true range (ATR) is 3.72.
A comparison of Celanese Corp (CE) with its peers suggests the former has fared considerably weaker in the market. CE showed an intraday change of -1.05% in last session, and over the past year, it shrunk by -75.91%%.
Data on historical trading for Celanese Corp (NYSE:CE) indicates that the trading volumes over the past 10 days have averaged 4.45 and over the past 3 months, they’ve averaged 3.76 million. According to company’s latest data on outstanding shares, there are 111.75 million shares outstanding.
Nearly 0.47% of Celanese Corp’s shares belong to company insiders and institutional investors own 104.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.22 million shares as on 2025-03-31, resulting in a short ratio of 1.61. According to the data, the short interest in Celanese Corp (CE) stood at 851.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 8.7 million. The stock has fallen by -45.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CE stock heading into the next quarter.
