Celestica, Inc (NYSE: CLS) – Not A Clear Buying Opportunity?

Celestica, Inc (CLS) concluded trading on Thursday at a closing price of $91.44, with 3.55 million shares of worth about $324.54 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 65.14% during that period and on November 21, 2024 the price saw a gain of about 5.13%. Currently the company’s common shares owned by public are about 119.00M shares, out of which, 115.60M shares are available for trading.

Stock saw a price change of 13.62% in past 5 days and over the past one month there was a price change of 59.11%. Year-to-date (YTD), CLS shares are showing a performance of 212.30% which increased to 240.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.83 but also hit the highest price of $88.68 during that period. The average intraday trading volume for Celestica, Inc shares is 2.22 million. The stock is currently trading 15.69% above its 20-day simple moving average (SMA20), while that difference is up 42.69% for SMA50 and it goes to 72.44% higher than SMA200.

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Celestica, Inc (NYSE: CLS) currently have 119.00M outstanding shares and institutions hold larger chunk of about 77.07% of that.

The stock has a current market capitalization of $14.87B and its 3Y-monthly beta is at 2.28. PE ratio of stock for trailing 12 months is 28.91, while it has posted earnings per share of $3.16 in the same period. Its PEG reads 1.03 and has Quick Ratio of 0.87 while making debt-to-equity ratio of 0.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CLS, volatility over the week remained 4.85% while standing at 4.41% over the month.

Stock’s fiscal year EPS is expected to rise by 58.60% while it is estimated to increase by 15.52% in next year. EPS is likely to grow at an annualized rate of 28.00% for next 5-years, compared to annual growth of 23.48% made by the stock over the past 5-years.

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 Barclays on November 05, 2024 offering an Overweight rating for the stock and assigned a target price of $91 to it. Coverage by Stifel stated Celestica, Inc (CLS) stock as a Buy in their note to investors on September 09, 2024, suggesting a price target of $58 for the stock. Stock get a Buy rating from TD Securities on July 28, 2023.

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