Celanese Corp (NYSE: CE) is -20.66% lower 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 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 $69.91 in the last trading session, with the day’s loss setting it -15.0%.
Currently trading at $54.91, the stock is -20.78% and -20.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.06 million and changing -21.46% at the moment leaves the stock -51.72% off its SMA200. CE registered -63.90% loss for a year compared to 6-month loss of -57.45%.
The stock witnessed a -24.38% gain in the last 1 month and extending the period to 3 months gives it a -25.74%, and is -17.81% 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 4.72% over the week and 3.42% over the month.
Celanese Corp (CE) has around 12410 employees, a market worth around $6.00B and $10.28B in sales. Fwd P/E is 5.96. Profit margin for the company is -14.81%. Distance from 52-week low is -14.27% and -68.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.20%).
with sales reaching $2.28B over the same period.The EPS is expected to shrink by -12.98% this year, but quarterly earnings will post -4.34% year-over-year. Quarterly sales are estimated to shrink -12.67% in year-over-year returns.
The shares outstanding are 109.31M, and float is at 108.80M with Short Float at 5.67%.
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).
