While Century Aluminum Co has overperformed by 0.52%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CENX rose by 186.00%, with highs and lows ranging from $24.21 to $7.28, whereas the simple moving average jumped by 47.03% in the last 200 days.
On January 09, 2024, B. Riley Securities Upgraded Century Aluminum Co (NASDAQ: CENX) to Buy. A report published by Wolfe Research on December 18, 2023, Upgraded its rating to ‘Peer Perform’ for CENX. Wolfe Research also Downgraded CENX shares as ‘Underperform’, setting a target price of $6 on the company’s shares in a report dated July 11, 2023. Wolfe Research February 24, 2023d its ‘Underperform’ rating to ‘Peer Perform’ for CENX, as published in its report on February 24, 2023. Wolfe Research’s report from September 30, 2022 suggests a price prediction of $4 for CENX shares, giving the stock a ‘Underperform’ rating. Wolfe Research also rated the stock as ‘Peer Perform’.
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Analysis of Century Aluminum Co (CENX)
Further, the quarter-over-quarter decrease in sales is -1.12%, showing a negative trend in the upcoming months.
One of the most important indicators of Century Aluminum Co’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 64.94% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.56, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CENX is recording 1.09M average volume. On a monthly basis, the volatility of the stock is set at 5.68%, whereas on a weekly basis, it is put at 5.11%, with a gain of 11.55% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.00, showing decline from the present price of $23.08, which can serve as yet another indication of whether CENX is worth investing in or should be passed over.
How Do You Analyze Century Aluminum Co Shares?
The Aluminum market is dominated by Century Aluminum Co (CENX) based in the USA. When comparing Century Aluminum Co shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.52, there is a growth in quarterly earnings of 200.15%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 44.47%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 60.45% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CENX shares are owned by institutional investors to the tune of 60.45% at present.
