Saturday, April 1

Views On Century Aluminum Company (CENX) From A Technical Perspective

The stock of Century Aluminum Company (NASDAQ:CENX) increased by $2.3 on Friday to finish at $22.98, up 11.12 percent. The last five days have seen an average of 2,530,360 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $6.42. The average number of shares traded over the last 20 days was 1,796,790, while the average volume over the last 50 days totaled 1,503,854.

CENX stock appreciated 39.44% since last month. On 01/31/22, the company’s shares reached a one-month low of $14.85. The stock touched a high of $22.05 on 02/25/22, after rallying from a low of $10.39 in 52 weeks. The price of CENX stock has risen by 38.77% or $6.42 this year, reaching a new high 14 times. Still, the stock price is up 4.22% from the 52-week high.

Insider Transactions

There have been 360 days since Century Aluminum Company (CENX) last reported insider trading activity on Mar 03. On Mar 03, EVP – Global Operations Gudlaugsson Gunnar sold 5,473 shares at $17.74 each. This transaction resulted in the insider making $97,091. On Mar 03, BLESS MICHAEL A sold 15,000 shares at a price of US$17.62. After the transaction, the insider now owns 353,989 shares. President and CEO BLESS MICHAEL A had earlier sold 35,000 shares on Mar 02 for $16.40 a share. The transaction was completed for $574,000.

Valuation Metrics

Beta for the stock is 2.47. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.06, the price-to-book (PB) ratio of 6.47.

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For the three months ended September 29, Century Aluminum Company’s quick ratio was 0.40, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 1.03, and the total debt to equity ratio is 1.22. As far as profitability goes, gross margin for the trailing twelve months is 2.80% percent. Century Aluminum Company’s operating margin stood at -1.20% for the same period. Based on annual data, it had gross profit of -$36.5 million and revenue of $1.61 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CENX’s return on assets (ROA) during the last 12 months has been -18.60%. There was a -9.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -64.00%. ROE has averaged -14.97 in the past year for the broader industry.

Earnings Surprise

According to Century Aluminum Company’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $528.0 million, while revenues rose by 23.88% to $444.0 million. It was predicted that Century Aluminum Company’s quarterly earnings would be -$0.06, but it ended up being -$0.13, beating the consensus by 53.80%. EBITDA was $60.9 million for the quarter. At the end of Century Aluminum Company’s most recent quarter ended September 29, its liabilities totaled 1.17 billion, while its total debt was $412.1 million. Equity owned by shareholders amounts to $90.13 million.

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Technical Picture

Here’s a quick look at Century Aluminum Company’s (CENX) price momentum from a technical perspective. As of 25 February, the RSI 9-day stood at 78.88%, suggesting the stock is Overbought, with a 59.04% historical volatility rate.

The stochastic %K and %D were 87.81% and 87.78% respectively, while the average true range (ATR) was 1.45. Based on the 14-day stochastic reading of 94.11%, the RSI (14) reading is 75.96%. On the 9-day MACD Oscillator, the stock is at 0.65, and the 14-day reading is at 1.77.

Analyst Ratings

In its analyst report released on November 17, 2021, Wolfe Research began covering Century Aluminum Company (NASDAQ: CENX). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Century Aluminum Company (CENX) an Overweight rating. CENX is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.

What is CENX’s price target for the next 12 months?

The current consensus forecast for the stock is between $19.00 and $25.00, with a median target price of $25.00. In analyzing these forecasts, the average price target given by analysts for Century Aluminum Company (CENX) is $23.00.

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