Century Aluminum Co. (NASDAQ:CENX) shares, rose in value on Friday, October 11, with the stock price up by 5.76% to the previous day’s close as strong demand from buyers drove the stock to $17.43.
Actively observing the price movement in the recent trading, the stock is buoying the session at $16.48, falling within a range of $16.9671 and $17.695. The value of beta (5-year monthly) is 2.478 whereas the PE ratio is 8.07 over 12-month period. Referring to stock’s 52-week performance, its high was $21.37, and the low was $5.70. On the whole, CENX has fluctuated by 33.67% over the past month.
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With the market capitalization of Century Aluminum Co. currently standing at about $1.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.11B, with a low estimate of 501M and a high estimate of 587.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 538.7M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The price of CENX currently trading nearly 12.19% and 21.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.40, while the 7-day volatility ratio is showing 5.11% which for the 30-day chart, stands at 4.12%. Furthermore, Century Aluminum Co. (CENX)’s beta value is 2.49, and its average true range (ATR) is 0.84.
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 5.76% in today’s session so far, and over the past year, it grew by 156.70%%.
Data on historical trading for Century Aluminum Co. (NASDAQ:CENX) indicates that the trading volumes over the past 10 days have averaged 0.91 and over the past 3 months, they’ve averaged 1.20 million. According to company’s latest data on outstanding shares, there are 92.69 million shares outstanding.
Nearly 44.47% of Century Aluminum Co.’s shares belong to company insiders and institutional investors own 60.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.75 million shares as on 2024-09-30, resulting in a short ratio of 5.47. According to the data, the short interest in Century Aluminum Co. (CENX) stood at 1368.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 5.82 million. The stock has risen by 43.57% 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.
