Celanese Corp (NYSE: CE) is -53.11% lower on its value in year-to-date trading and has touched a low of $71.38 and a high of $172.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CE stock was last observed hovering at around $76.50 in the last trading session, with the day’s loss setting it -3.65%.
Currently trading at $72.85, the stock is -16.86% and -36.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing -4.77% at the moment leaves the stock -47.21% off its SMA200. CE registered -45.63% loss for a year compared to 6-month loss of -50.90%. The firm has a 50-day simple moving average (SMA 50) of $115.7696 and a 200-day simple moving average (SMA200) of $138.3921.
The stock witnessed a -43.95% gain in the last 1 month and extending the period to 3 months gives it a -43.45%, and is 0.90% 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 3.57% over the week and 3.67% over the month.
Celanese Corp (CE) has around 12410 employees, a market worth around $7.96B and $10.48B in sales. Current P/E ratio is 7.32 and Fwd P/E is 7.63. Profit margin for the company is 10.40%. Distance from 52-week low is 2.06% and -57.68% from its 52-week high. The company has generated returns on investments over the last 12 months (5.76%).
with sales reaching $2.39B over the same period.The EPS is expected to shrink by -8.54% this year, but quarterly earnings will post -5.86% year-over-year. Quarterly sales are estimated to shrink -7.02% in year-over-year returns.
Celanese Corp (CE) Top Institutional Holders
884.0 institutions hold shares in Celanese Corp (CE), with institutional investors hold 103.11% of the company’s shares. The shares outstanding are 108.91M, and float is at 108.84M with Short Float at 5.11%. Institutions hold 102.70% of the Float.
The top institutional shareholder in the company is CAPITAL RESEARCH GLOBAL INVESTORS with over 15.29 million shares valued at $2.06 billion. The investor’s holdings represent 13.991% of the CE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.01 million shares valued at $1.76 billion to account for 11.9057 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 11.13 million shares representing 10.1853% and valued at over $1.5 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 6.7914 of the shares totaling 7.42 million with a market value of $1.0 billion.
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 4,675 shares of the company’s common stock on Aug 19 ’24 at a price of $129.51 per share for a total of $0.61 million. Following the sale, the insider now owns 69754.0 shares.
Celanese Corp disclosed in a document filed with the SEC on Aug 20 ’24 that Richardson Scott A (EVP & COO) sold a total of 4,675 shares of the company’s common stock. The trade occurred on Aug 20 ’24 and was made at $129.41 per share for $0.6 million. Following the transaction, the insider now directly holds 65079.0 shares of the CE stock.
Still, SEC filings show that on Aug 20 ’24, Richardson Scott A (Officer) Proposed Sale 4,675 shares at an average price of $129.41 for $0.6 million. The insider now directly holds shares of Celanese Corp (CE).
