Are Century Aluminum Company (CENX) stocks a prudent buy?

Century Aluminum Company [CENX] stock prices are up down -5.51% to $6.34 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CENX shares have lost -14.32% over the last week, with a monthly amount drifted -26.02%, and not seem to be holding up well over a long-time horizon.

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On 9, August 2022, Century Aluminum Company Reports Second Quarter 2022 Results. In a post published today on Yahoo Finance, Century Aluminum Company (NASDAQ: CENX) today announced its second quarter 2022 results.

From an analyst’s perspective:

Century Aluminum Company [NASDAQ: CENX] stock has seen the most recent analyst activity on May 18, 2022, when Wolfe Research downgraded its rating to a Peer Perform and also revised its price target to $14 from $30. Previously, Wolfe Research started tracking the stock with Outperform rating on November 17, 2021, and set its price target to $19. On July 27, 2021, upgrade upgraded it’s rating to Buy but maintained its price target of $19 on the stock. BMO Capital Markets downgraded its rating to a Market Perform and increased its price target to $7 on June 25, 2020. B. Riley FBR downgraded its rating to a Neutral and reduced its price target to $5 on March 24, 2020. Berenberg upgraded its rating to Hold for this stock on January 14, 2019. In a note dated December 21, 2018, Morgan Stanley initiated an Equal-Weight rating.

The stock price of Century Aluminum Company [CENX] has been fluctuating between $6.58 and $30.36 over the past year. Currently, Wall Street analysts expect the stock to reach $11.50 within the next 12 months. Century Aluminum Company [NASDAQ: CENX] shares were valued at $6.34 at the most recent close of the market. An investor can expect a potential return of 81.39% based on the average price forecast.

Analyzing the CENX fundamentals

The most recent quarter, Century Aluminum Company [NASDAQ:CENX] reported sales of 856.6 billion, representing a surge of 62.20%. Gross Margin for this corporation currently stands at +5.62% with Operating Margin at +2.99%, Pretax Margin comes in at -8.93%, and Net Margin reading is -7.55%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.15 points at the first support level, and at 5.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.72, and for the 2nd resistance point, it is at 7.10.

Century Aluminum Company [CENX] reported earnings per share of $0.59 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.34/share, meaning a difference of $0.25 and a surprise factor of 73.50%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $0.17 per share as compared to estimates of -$0.09 per share, a difference of $0.26 representing a surprise of 288.90%.

Ratios To Look Out For

It’s worth pointing out that Century Aluminum Company [NASDAQ:CENX]’s Current Ratio is 1.70. Further, the Quick Ratio stands at 0.35, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 3.59 and the P/E (TTM) ratio is 10.29.

Transactions by insiders

Insider trading, which has resulted in 2 insider purchases of 25,210 shares and 3 insider sales of 134,463 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Gary Jesse E, President and CEO, that happened on Aug 15 when 49568.0 shares were sold. President and CEO, Gary Jesse E completed a deal on Aug 12 to sell 50000.0 shares. Meanwhile, EVP and General Counsel DeZee John sold 15287.0 shares on Mar 21.