Celestica, Inc (NYSE: CLS) is -14.34% lower on its value in year-to-date trading and has touched a low of $40.25 and a high of $144.27 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 CLS stock was last observed hovering at around $78.81 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $79.06, the stock is -10.57% and -25.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.88 million and changing 0.32% at the moment leaves the stock 2.82% off its SMA200. CLS registered 75.92% gain for a year compared to 6-month gain of 54.78%. The firm has a 50-day simple moving average (SMA 50) of $106.3248 and a 200-day simple moving average (SMA200) of $76.88965.
The stock witnessed a -14.81% loss in the last 1 month and extending the period to 3 months gives it a -16.87%, and is -18.80% 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 6.67% over the week and 6.55% over the month.
Celestica, Inc (CLS) has around 26865 employees, a market worth around $9.17B and $9.65B in sales. Current P/E ratio is 21.89 and Fwd P/E is 13.53. Profit margin for the company is 4.44%. Distance from 52-week low is 96.42% and -45.20% from its 52-week high. The company has generated returns on investments over the last 12 months (16.05%).
The EPS is expected to grow by 24.26% this year.
Celestica, Inc (CLS) Top Institutional Holders
623.0 institutions hold shares in Celestica, Inc (CLS), with institutional investors hold 80.94% of the company’s shares. The shares outstanding are 116.36M, and float is at 115.37M with Short Float at 2.49%. Institutions hold 80.14% of the Float.
The top institutional shareholder in the company is FMR LLC with over 9.25 million shares valued at $529.93 million. The investor’s holdings represent 7.7886% of the CLS Shares outstanding. As of 2024-06-30, the second largest holder is WHALE ROCK CAPITAL MANAGEMENT LLC with 7.49 million shares valued at $429.52 million to account for 6.3065 of the shares outstanding. The other top investors are CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. which holds 5.32 million shares representing 4.4787% and valued at over $304.73 million, while ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds 2.412 of the shares totaling 2.87 million with a market value of $164.16 million.
Celestica, Inc (CLS) Insider Activity
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Still, SEC filings show that on Feb 07 ’25, Cooper Todd C (President) disposed off 65,000 shares at an average price of $129.78 for $8.44 million. The insider now directly holds 110,426 shares of Celestica, Inc (CLS).
