Celanese Corp (CE) Volatility Spurs A Quest For Clarity

Currently, there are 108.47M common shares owned by the public and among those 108.35M shares have been available to trade.

Insiders at the company have transacted a total of 18 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 20,201 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 5,274 shares.

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The company’s stock has a 5-day price change of 1.44% and 18.67% over the past three months. CE shares are trading -2.77% year to date (YTD), with the 12-month market performance up to 22.92% higher. It has a 12-month low price of $97.12 and touched a high of $159.06 over the same period. CE has an average intraday trading volume of 747.37K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.51%, 1.87%, and 19.56% respectively.

Institutional ownership of Celanese Corp (NYSE: CE) shares accounts for 106.17% of the company’s 108.47M shares outstanding.

It has a market capitalization of $16.44B and a beta (3y monthly) value of 1.35. The stock’s trailing 12-month PE ratio is 8.14, while the earnings-per-share (ttm) stands at $18.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.31% over the week and 2.23% over the month.

Analysts forecast that Celanese Corp (CE) will achieve an EPS of $Citigroup, Inc. for the current quarter, $54.85 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Deere & Company while analysts give the company a high EPS estimate of $Bloom Energy Corporation. Comparatively, EPS for the current quarter was $Celsius Holdings, Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -43.36%, and 32.40% over the next financial year. EPS should shrink at an annualized rate of -3.58% over the next five years, compared to 23.26% over the past 5-year period.

Looking at the support for the CE, a number of firms have released research notes about the stock. Alembic Global Advisors stated their Neutral rating for the stock in a research note on January 22, 2024, with the firm’s price target at $160.

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