Celanese Corp (CE) concluded trading on Thursday at a closing price of $69.44, with 5.44 million shares of worth about $377.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -52.83% during that period and on December 05, 2024 the price saw a loss of about -2.06%. Currently the company’s common shares owned by public are about 109.27M shares, out of which, 108.84M shares are available for trading.
Stock saw a price change of -4.76% in past 5 days and over the past one month there was a price change of -23.69%. Year-to-date (YTD), CE shares are showing a performance of -55.31% which decreased to -50.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $70.40 but also hit the highest price of $172.16 during that period. The average intraday trading volume for Celanese Corp shares is 1.80 million. The stock is currently trading -7.47% below its 20-day simple moving average (SMA20), while that difference is down -35.64% for SMA50 and it goes to -48.82% lower than SMA200.
Celanese Corp (NYSE: CE) currently have 109.27M outstanding shares and institutions hold larger chunk of about 102.51% of that.
The stock has a current market capitalization of $7.59B and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 6.98, while it has posted earnings per share of $9.95 in the same period. Its PEG reads 0.31 and has Quick Ratio of 0.76 while making debt-to-equity ratio of 1.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CE, volatility over the week remained 2.93% while standing at 3.41% over the month.
Stock’s fiscal year EPS is expected to drop by -8.52% while it is estimated to increase by 15.97% in next year. EPS is likely to grow at an annualized rate of 22.38% for next 5-years, compared to annual growth of 14.99% 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 UBS on November 11, 2024 offering a Neutral rating for the stock and assigned a target price range of between $161 and $97 to it. Coverage by BMO Capital Markets stated Celanese Corp (CE) stock as an Underperform in their note to investors on November 11, 2024, suggesting a price target of $76 for the stock. On November 08, 2024, Piper Sandler Downgrade their recommendations, while on November 06, 2024, Deutsche Bank Upgrade their ratings for the stock with a price target of $110. Stock get an Equal weight rating from Wells Fargo on November 05, 2024.
