Celanese Corp (NYSE: CE) is 6.53% higher on its value in year-to-date trading and has touched a low of $64.05 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 $73.06 in the last trading session, with the day’s gains setting it 0.67%.
Currently trading at $73.73, the stock is 6.51% and 3.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 0.92% at the moment leaves the stock -39.39% off its SMA200. CE registered -49.25% loss for a year compared to 6-month loss of -46.90%. The firm has a 50-day simple moving average (SMA 50) of $71.3906 and a 200-day simple moving average (SMA200) of $122.0869.
The stock witnessed a 10.00% gain in the last 1 month and extending the period to 3 months gives it a -44.56%, and is 3.83% 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 1.98% over the week and 2.62% over the month.
Celanese Corp (CE) has around 12410 employees, a market worth around $8.06B and $10.48B in sales. Current P/E ratio is 7.41 and Fwd P/E is 8.42. Profit margin for the company is 10.40%. Distance from 52-week low is 15.11% and -57.17% from its 52-week high. The company has generated returns on investments over the last 12 months (5.76%).
The EPS is expected to shrink by -8.98% this year
860.0 institutions hold shares in Celanese Corp (CE), with institutional investors hold 99.90% of the company’s shares. The shares outstanding are 109.27M, and float is at 108.84M with Short Float at 5.80%. Institutions hold 99.50% 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).
