Celanese Corp (NYSE: CE) is -23.29% lower on its value in year-to-date trading and has touched a low of $45.94 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 $52.79 in the last trading session, with the day’s gains setting it 0.3%.
Currently trading at $53.09, the stock is -3.46% and -16.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.06 million and changing 0.57% at the moment leaves the stock -49.59% off its SMA200. CE registered -66.28% loss for a year compared to 6-month loss of -55.45%. The firm has a 50-day simple moving average (SMA 50) of $63.8034 and a 200-day simple moving average (SMA200) of $105.3121.
The stock witnessed a -20.54% gain in the last 1 month and extending the period to 3 months gives it a -26.69%, and is -3.86% 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 3.90% over the week and 5.26% over the month.
Celanese Corp (CE) has around 12163 employees, a market worth around $5.80B and $10.28B in sales. Fwd P/E is 6.72. Profit margin for the company is -14.81%. Distance from 52-week low is 15.56% and -69.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.20%).
The EPS is expected to shrink by -31.85% this year
831.0 institutions hold shares in Celanese Corp (CE), with institutional investors hold 102.97% of the company’s shares. The shares outstanding are 109.33M, and float is at 108.83M with Short Float at 8.00%. Institutions hold 102.55% 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 purchase by MOORTHY GANESH, the company’s Director. SEC filings show that MOORTHY GANESH bought 1,000 shares of the company’s common stock on Mar 12 ’25 at a price of $53.29 per share for a total of $53290.0. Following the purchase, the insider now owns 3000.0 shares.
Celanese Corp disclosed in a document filed with the SEC on Mar 07 ’25 that Sutton Scott McDougald (Director) bought a total of 7,450 shares of the company’s common stock. The trade occurred on Mar 07 ’25 and was made at $54.65 per share for $0.41 million. Following the transaction, the insider now directly holds 15000.0 shares of the CE stock.
Still, SEC filings show that on Mar 07 ’25, Murray Mark Christopher (SVP – Acetyls) acquired 2,353 shares at an average price of $54.45 for $0.13 million. The insider now directly holds 13,989 shares of Celanese Corp (CE).
