Celanese Corp (NYSE: CE) is 3.89% higher on its value in year-to-date trading and has touched a low of $99.33 and a high of $172.16 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 CE stock was last observed hovering at around $163.27 in the last trading session, with the day’s loss setting it -1.85%.
Currently trading at $161.42, the stock is 3.15% and 1.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing -1.13% at the moment leaves the stock 15.64% off its SMA200. CE registered 54.41% gain for a year compared to 6-month gain of 38.47%.
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The stock witnessed a 0.84% loss in the last 1 month and extending the period to 3 months gives it a 8.41%, and is 3.22% 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 2.87% over the week and 2.31% over the month.
Celanese Corp (CE) has around 12410 employees, a market worth around $18.01B and $10.70B in sales. Current P/E ratio is 8.88 and Fwd P/E is 11.60. Profit margin for the company is 18.60%. Distance from 52-week low is 62.51% and -6.24% from its 52-week high. The company has generated returns on investments over the last 12 months (10.82%).
The EPS is expected to grow by 27.00% this year
The shares outstanding are 111.56M, and float is at 111.09M with Short Float at 4.42%.
Celanese Corp (CE) Insider Activity
The most recent transaction is an insider sale by Richardson Scott A, the company’s EVP & COO. SEC filings show that Richardson Scott A sold 2,000 shares of the company’s common stock on Mar 15 ’24 at a price of $156.49 per share for a total of $0.31 million. Following the sale, the insider now owns 74429.0 shares.
Celanese Corp disclosed in a document filed with the SEC on Mar 14 ’24 that Kelly Thomas Francis (SVP, EM) bought a total of 1,400 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $156.69 per share for $0.22 million. Following the transaction, the insider now directly holds 57023.0 shares of the CE stock.
Still, SEC filings show that on Mar 14 ’24, Richardson Scott A (EVP & COO) disposed off 2,000 shares at an average price of $156.85 for $0.31 million. The insider now directly holds 76,429 shares of Celanese Corp (CE).
