Celanese Corp (NYSE:CE) price on current trading day, fall -1.69% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $51.76.
A look at the stock’s price movement, the level at last check in today’s session was $52.65. Turning to its 52-week performance, $172.16 and $50.82 were the 52-week high and 52-week low respectively. Overall, CE moved -27.98% over the past month.
Celanese Corp’s market cap currently stands at around $5.66 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 2.13, with its dividend yield at 4.12%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 2.27B for the company’s revenue for the quarter, with a low and high estimate of 2.11B and 2.4B respectively. The average forecast suggests down to a -13.05% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.78B, representing a -4.86% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CE is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
13 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 9 recommend CE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CE’s current price about -18.21% and -22.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 26.64, while 7-day volatility ratio is 5.07% and 4.12% in the 30-day chart. Further, Celanese Corp (CE) has a beta value of 1.21, and an average true range (ATR) of 3.08. Analysts have given the company’s stock an average 52-week price target of $97.5, forecast between a low of $76 and high of $130. Looking at the price targets, the low is -46.83% off recent price level in today’s trading while to achieve the yearly target high, it has to move -151.16%. Nonetheless, investors will most likely welcome a -88.37% jump to $97.5 which is the analysts’ median price.
If we refocus on Celanese Corp (NYSE:CE), historical trading data shows that trading volumes averaged 2.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 109.33 million shares.
The 0.45% of Celanese Corp’s shares are in the hands of company insiders while institutional holders own 102.56% of the company’s shares. Current price change has pushed the stock -25.21% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CE stock continues to rise going into the next quarter.
