Century Aluminum Co (NASDAQ:CENX) shares, rose in value on Friday, January 24, with the stock price down by -0.81% to the previous day’s close as strong demand from buyers drove the stock to $19.64.
Actively observing the price movement in the last trading, the stock closed the session at $19.80, falling within a range of $19.23 and $20.13. The value of beta (5-year monthly) was 2.474 whereas the PE ratio was 6.40 over 12-month period. Referring to stock’s 52-week performance, its high was $25.39, and the low was $9.65. On the whole, CENX has fluctuated by 7.15% over the past month.
With the market capitalization of Century Aluminum Co currently standing at about $1.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.1B, with a low estimate of 485M and a high estimate of 560.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 515.27M.
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% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of CENX currently trading nearly 1.88% and -5.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.42, while the 7-day volatility ratio is showing 5.61% which for the 30-day chart, stands at 4.81%. Furthermore, Century Aluminum Co (CENX)’s beta value is 2.50, and its average true range (ATR) is 1.03.
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 -0.81% in last session, and over the past year, it grew by 74.27%%.
Data on historical trading for Century Aluminum Co (NASDAQ:CENX) indicates that the trading volumes over the past 10 days have averaged 1.02 and over the past 3 months, they’ve averaged 1.13 million. According to company’s latest data on outstanding shares, there are 92.80 million shares outstanding.
Nearly 44.93% of Century Aluminum Co’s shares belong to company insiders and institutional investors own 60.39% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.73 million shares as on 2024-12-31, resulting in a short ratio of 4.86. According to the data, the short interest in Century Aluminum Co (CENX) stood at 1125.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 4.23 million. The stock has risen by 7.79% 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.
