Century Aluminum Co (NASDAQ: CENX) is 89.79% higher on its value in year-to-date trading and has touched a low of $7.28 and a high of $24.21 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 $23.84 in the last trading session, with the day’s loss setting it -0.8%.
Currently trading at $23.04, the stock is 6.94% and 24.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing -3.36% at the moment leaves the stock 43.89% off its SMA200. CENX registered 199.22% gain for a year compared to 6-month loss of 19.88%. The firm has a 50-day simple moving average (SMA 50) of $18.51 and a 200-day simple moving average (SMA200) of $16.0126.
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The stock witnessed a 29.40% gain in the last 1 month and extending the period to 3 months gives it a 58.90%, and is -0.17% down 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 4.34% over the week and 5.50% over the month.
Century Aluminum Co (CENX) has around 2939 employees, a market worth around $2.07B and $2.10B in sales. Current P/E ratio is 7.50 and Fwd P/E is 11.58. Profit margin for the company is 14.48%. Distance from 52-week low is 216.48% and -4.83% from its 52-week high. The company has generated returns on investments over the last 12 months (27.63%).
The EPS is expected to grow by 409.09% this year
279.0 institutions hold shares in Century Aluminum Co (CENX), with institutional investors hold 109.78% of the company’s shares. The shares outstanding are 92.69M, and float is at 51.53M with Short Float at 9.32%. Institutions hold 61.70% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.8 million shares valued at $164.13 million. The investor’s holdings represent 10.5703 of the CENX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.83 million shares valued at $97.65 million to account for 6.2892 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.67 million shares representing 3.9537 and valued at over $61.39 million, while DIMENSIONAL FUND ADVISORS LP holds 3.1797 of the shares totaling 2.95 million with a market value of $49.37 million.
Century Aluminum Co (CENX) Insider Activity
The most recent transaction is an insider sale by Gary Jesse E, the company’s President and CEO. SEC filings show that Gary Jesse E sold 60,000 shares of the company’s common stock on Jun 26 ’24 at a price of $16.21 per share for a total of $0.97 million. Following the sale, the insider now owns 62447.0 shares.
Century Aluminum Co disclosed in a document filed with the SEC on Mar 04 ’24 that Aboud Matt (SVP, Strategy & Business Dev’t) sold a total of 3,766 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $10.61 per share for $39957.0. Following the transaction, the insider now directly holds 59248.0 shares of the CENX stock.
Still, SEC filings show that on Dec 28 ’23, Trpkovski Peter A (SVP, Finance and Treasurer) disposed off 13,908 shares at an average price of $12.32 for $0.17 million. The insider now directly holds 41,998 shares of Century Aluminum Co (CENX).
