Century Aluminum Co. [CENX] stock prices are up 4.42% to $13.22 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CENX shares have gain 9.62% over the last week, with a monthly amount glided 28.98%, and seem to be holding up well over a long-time horizon.
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On 13, March 2024, MX Holdings and Century Aluminum Announce Their Intent to form a New Joint Venture, Focusing on the Casting of Low Carbon Secondary Billet. In a post published today on Yahoo Finance, MX Holdings, a global leader in the purchasing, processing, and manufacturing of non-ferrous metals, together with Century Aluminum Company (NASDAQ: CENX) (“Century”), a global producer of primary aluminum, have entered a Memorandum of Understanding to establish a new joint venture focusing on the manufacture and marketing of low-carbon secondary billet. This new organization will deliver expertly engineered and technically advanced alloys, composed of increasingly high levels of recycled content produced with low-carbon processes.
From an analyst’s perspective:
Century Aluminum Co. [NASDAQ: CENX] stock has seen the most recent analyst activity on January 09, 2024, when B. Riley Securities upgraded its rating to a Buy and also boosted its price target to $14 from $10. Previously, Wolfe Research upgraded its rating to Peer Perform on December 18, 2023. On July 11, 2023, downgrade downgraded it’s rating to Underperform but maintained its price target of $6 on the stock. B. Riley Securities downgraded its rating to a Neutral but stick to its price target of $12 on March 01, 2023. Wolfe Research upgraded its rating to a Peer Perform. Wolfe Research downgraded its rating to Underperform for this stock on September 30, 2022, but kept the price target unchanged to $4. In a note dated May 18, 2022, Wolfe Research downgraded an Peer Perform rating on this stock and revised its target price from $30 to $14.
The stock price of Century Aluminum Co. [CENX] has been fluctuating between $5.70 and $13.17 over the past year. Currently, Wall Street analysts expect the stock to reach $14.67 within the next 12 months. Century Aluminum Co. [NASDAQ: CENX] shares were valued at $13.22 at the most recent close of the market. An investor can expect a potential return of 10.97% based on the average CENX price forecast.
Analyzing the CENX fundamentals
The Century Aluminum Co. [NASDAQ:CENX] reported sales of 2.19B for trailing twelve months, representing a drop of -3.32%. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.12 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.35.
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 12.70 points at the first support level, and at 12.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.55, and for the 2nd resistance point, it is at 13.88.
Century Aluminum Co. [CENX] reported earnings per share of $0.39 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of $0.22 and a surprise factor of 129.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.13 per share as compared to estimates of -$0.12 per share, a difference of $-0.01 representing a surprise of -8.30%.
Ratios To Look Out For
It’s worth pointing out that Century Aluminum Co. [NASDAQ:CENX]’s Current Ratio is 1.01. Also, the Quick Ratio is 0.38, while the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 3.45.
Transactions by insiders
Recent insider trading involved Aboud Matt, SVP, Strategy & Business Dev’t, that happened on Mar 04 ’24 when 3766.0 shares were sold. SVP, Finance and Treasurer, Trpkovski Peter A completed a deal on Dec 28 ’23 to sell 13908.0 shares. Meanwhile, President and CEO Gary Jesse E sold 68162.0 shares on Dec 27 ’23.
