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Century Aluminum Co. (CENX) Stock Could Soon Reward Patient Investors

Century Aluminum Co. (NASDAQ: CENX) is 46.21% higher on its value in year-to-date trading and has touched a low of $5.70 and a high of $17.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CENX stock was last observed hovering at around $16.48 in the last trading session, with the day’s gains setting it 1.27%.

Currently trading at $17.75, the stock is 19.10% and 43.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.4 million and changing 7.71% at the moment leaves the stock 88.98% off its SMA200. CENX registered 82.80% gain for a year compared to 6-month gain of 169.76%.

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The stock witnessed a 50.55% loss in the last 1 month and extending the period to 3 months gives it a 62.99%, and is 3.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.54% over the week and 5.88% over the month.

Century Aluminum Co. (CENX) has around 2939 employees, a market worth around $1.64B and $2.19B in sales. Fwd P/E is 16.95. Profit margin for the company is -2.06%. Distance from 52-week low is 211.40% and -0.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.58%).

The EPS is expected to shrink by -44.44% this year.

Century Aluminum Co. (CENX) Top Institutional Holders

The shares outstanding are 92.69M, and float is at 51.10M with Short Float at 14.24%.

Century Aluminum Co. (CENX) Insider Activity

The most recent transaction is an insider sale by Aboud Matt,the company’sSVP, Strategy & Business Dev’t. SEC filings show that Aboud Matt sold 3,766 shares of the company’s common stock on Mar 04 ’24 at a price of $10.61 per share for a total of $39957.0. Following the sale, the insider now owns 59248.0 shares.

Century Aluminum Co. disclosed in a document filed with the SEC on Dec 28 ’23 that Trpkovski Peter A (SVP, Finance and Treasurer) sold a total of 13,908 shares of the company’s common stock. The trade occurred on Dec 28 ’23 and was made at $12.32 per share for $0.17 million. Following the transaction, the insider now directly holds 41998.0 shares of the CENX stock.

Still, SEC filings show that on Dec 27 ’23, Gary Jesse E (President and CEO) disposed off 68,162 shares at an average price of $12.60 for $0.86 million. The insider now directly holds 76,443 shares of Century Aluminum Co. (CENX).

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