While Century Aluminum Co. has overperformed by 0.94%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CENX rose by 56.19%, with highs and lows ranging from $14.55 to $5.70, whereas the simple moving average jumped by 56.72% in the last 200 days.
On January 09, 2024, B. Riley Securities Upgraded Century Aluminum Co. (NASDAQ: CENX) to Buy. A report published by Wolfe Research on December 18, 2023, Upgraded its rating to ‘Peer Perform’ for CENX. Wolfe Research also Downgraded CENX shares as ‘Underperform’, setting a target price of $6 on the company’s shares in a report dated July 11, 2023. Wolfe Research February 24, 2023d its ‘Underperform’ rating to ‘Peer Perform’ for CENX, as published in its report on February 24, 2023. Wolfe Research’s report from September 30, 2022 suggests a price prediction of $4 for CENX shares, giving the stock a ‘Underperform’ rating. Wolfe Research also rated the stock as ‘Peer Perform’.
Analysis of Century Aluminum Co. (CENX)
Further, the quarter-over-quarter decrease in sales is -3.32%, showing a negative trend in the upcoming months.
Century Aluminum Co.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -11.95% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.38, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and CENX is registering an average volume of 1.41M. On a monthly basis, the volatility of the stock is set at 4.86%, whereas on a weekly basis, it is put at 6.15%, with a gain of 19.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.50, showing decline from the present price of $14.01, which can serve as yet another indication of whether CENX is worth investing in or should be passed over.
How Do You Analyze Century Aluminum Co. Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 44.69%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 64.95% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CENX shares are owned by institutional investors to the tune of 64.95% at present.
