Better Times Ahead For Century Aluminum Co. (NASDAQ: CENX)?

Century Aluminum Co. (CENX) concluded trading on Wednesday at a closing price of $20.18, with 2.77 million shares of worth about $55.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 69.30% during that period and on Wednesday the price saw a gain of about 6.60%. Currently the company’s common shares owned by public are about 92.69M shares, out of which, 51.42M shares are available for trading.

Stock saw a price change of 23.12% in past 5 days and over the past one month there was a price change of 13.95%. Year-to-date (YTD), CENX shares are showing a performance of 66.23% which increased to 122.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.70 but also hit the highest price of $19.88 during that period. The average intraday trading volume for Century Aluminum Co. shares is 1.39 million. The stock is currently trading 24.50% above its 20-day simple moving average (SMA20), while that difference is up 18.07% for SMA50 and it goes to 70.79% higher than SMA200.

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Century Aluminum Co. (NASDAQ: CENX) currently have 92.69M outstanding shares and institutions hold larger chunk of about 60.84% of that.

The stock has a current market capitalization of $1.87B and its 3Y-monthly beta is at 2.52. PE ratio of stock for trailing 12 months is 8.92, while it has posted earnings per share of $2.26 in the same period. It has Quick Ratio of 0.63 while making debt-to-equity ratio of 0.88. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CENX, volatility over the week remained 7.19% while standing at 4.97% over the month.

Stock’s fiscal year EPS is expected to rise by 66.67% while it is estimated to increase by 165.45% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on January 09, 2024 offering a Buy rating for the stock and assigned a target price range of between $10 and $14 to it. On July 11, 2023, Wolfe Research Downgrade their recommendations, while on March 01, 2023, B. Riley Securities Downgrade their ratings for the stock with a price target of $12. Stock get a Peer perform rating from Wolfe Research on February 24, 2023.

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