Celestica, Inc (NYSE: CLS) is -25.41% 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 $70.39 in the last trading session, with the day’s loss setting it -1.54%.
Currently trading at $68.85, the stock is -18.87% and -32.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.64 million and changing -2.19% at the moment leaves the stock -10.88% off its SMA200. CLS registered 39.40% gain for a year compared to 6-month gain of 27.90%. The firm has a 50-day simple moving average (SMA 50) of $101.9966 and a 200-day simple moving average (SMA200) of $77.25235.
The stock witnessed a -15.16% loss in the last 1 month and extending the period to 3 months gives it a -30.29%, and is -12.91% 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 14.42% over the week and 8.18% over the month.
Celestica, Inc (CLS) has around 26865 employees, a market worth around $7.98B and $9.65B in sales. Current P/E ratio is 19.07 and Fwd P/E is 11.78. Profit margin for the company is 4.44%. Distance from 52-week low is 71.06% and -52.28% from its 52-week high. The company has generated returns on investments over the last 12 months (16.05%).
with sales reaching $2.56B over the same period.The EPS is expected to grow by 24.26% this year, but quarterly earnings will post 12.22% year-over-year. Quarterly sales are estimated to grow 15.78% in year-over-year returns.
Celestica, Inc (CLS) Top Institutional Holders
619.0 institutions hold shares in Celestica, Inc (CLS), with institutional investors hold 80.68% of the company’s shares. The shares outstanding are 116.36M, and float is at 115.36M with Short Float at 2.49%. Institutions hold 79.89% 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).
