What is the best trade option for Century Aluminum Company (CENX) stock?

Century Aluminum Company [CENX] stock is trading at $10.12, down -4.89%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CENX shares have gain 1.61% over the last week, with a monthly amount glided 38.44%, and seem to be holding up well over a long-time horizon.

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On 7, November 2022, Century Aluminum Company Reports Third Quarter 2022 Results. In a post published today on Yahoo Finance, Century Aluminum Company (NASDAQ: CENX) today announced its third quarter 2022 results.

From an analyst’s perspective:

Century Aluminum Company [NASDAQ: CENX] stock has seen the most recent analyst activity on September 30, 2022, when Wolfe Research downgraded its rating to a Underperform but kept the price target unchanged to $4 for it. Previously, Wolfe Research downgraded its rating to Peer Perform on May 18, 2022, and dropped its price target to $14. On November 17, 2021, Wolfe Research initiated with a Outperform rating and assigned a price target of $19 on the stock. B. Riley Securities upgraded its rating to a Buy but stick to its price target of $19 on July 27, 2021. BMO Capital Markets downgraded its rating to a Market Perform and raised its price target to $7 on June 25, 2020. B. Riley FBR downgraded its rating to Neutral for this stock on March 24, 2020, and downed its price target to $5. In a note dated January 14, 2019, Berenberg upgraded an Hold rating on this stock.

Century Aluminum Company [CENX] stock has fluctuated between $5.27 and $30.36 over the past year. Currently, Wall Street analysts expect the stock to reach $10.33 within the next 12 months. Century Aluminum Company [NASDAQ: CENX] shares were valued at $10.12 at the most recent close of the market. An investor can expect a potential return of 2.08% based on the average CENX price forecast.

Analyzing the CENX fundamentals

Century Aluminum Company [NASDAQ:CENX] reported sales of 637.2 billion for the most recent quarter, which represents a growth of 9.60%. 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 9.90 points at the first support level, and at 9.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.41, and for the 2nd resistance point, it is at 10.69.

Century Aluminum Company [CENX] reported earnings per share of $0.3 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of $0.09 and a surprise factor of 42.90%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.59 per share as compared to estimates of $0.34 per share, a difference of $0.25 representing a surprise of 73.50%.

Ratios To Look Out For

For context, Century Aluminum Company’s Current Ratio is 1.90. In addition, the Quick Ratio stands at 0.35 and the Cash Ratio stands at 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 6.22.

Transactions by insiders

In the past 3 months, 1 insiders have purchased 27,500,000 shares, and 1 have sold 27,500,000 shares. 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.