Celestica, Inc (NYSE: CLS): Moving Toward A Higher Share Price

Celestica, Inc (NYSE:CLS) shares, rose in value on Wednesday, April 16, with the stock price down by -2.43% to the previous day’s close as strong demand from buyers drove the stock to $80.56.

Actively observing the price movement in the last trading, the stock closed the session at $82.57, falling within a range of $77.865 and $81.87. The value of beta (5-year monthly) was 2.105 whereas the PE ratio was 22.31 over 12-month period. Referring to stock’s 52-week performance, its high was $144.27, and the low was $40.25. On the whole, CLS has fluctuated by -7.90% over the past month.

With the market capitalization of Celestica, Inc currently standing at about $9.34 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-29.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 10.82B, with a low estimate of 2.54B and a high estimate of 2.59B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.56B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CLS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 1.01, with the price of CLS currently trading nearly -1.77% and -17.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.45, while the 7-day volatility ratio is showing 6.79% which for the 30-day chart, stands at 9.27%. Furthermore, Celestica, Inc (CLS)’s beta value is 1.64, and its average true range (ATR) is 7.94.

A comparison of Celestica, Inc (CLS) with its peers suggests the former has fared considerably weaker in the market. CLS showed an intraday change of -2.43% in last session, and over the past year, it grew by 81.65%%.

Data on historical trading for Celestica, Inc (NYSE:CLS) indicates that the trading volumes over the past 10 days have averaged 6.55 and over the past 3 months, they’ve averaged 5.47 million. According to company’s latest data on outstanding shares, there are 116.36 million shares outstanding.

Nearly 0.51% of Celestica, Inc’s shares belong to company insiders and institutional investors own 77.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.15 million shares as on 2025-03-31, resulting in a short ratio of 0.66. According to the data, the short interest in Celestica, Inc (CLS) stood at 275.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 2.63 million. The stock has fallen by -12.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CLS stock heading into the next quarter.

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