Century Aluminum Company [CENX] gain 45.97% so far this year. What now?

Century Aluminum Company [NASDAQ: CENX] gained 7.62% or 1.14 points to close at $16.10 with a heavy trading volume of 1720275 shares. The company report on April 12, 2021 that Century Aluminum Company Announces Results of Its Cash Tender Offer for Its 12.0% Senior Secured Notes Due 2025.

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Century Aluminum Company (NASDAQ: CENX) (“Century”) announced that as of 5:00 p.m., New York City time, on April 9, 2021 (the “Expiration Time”), it had received tenders for an aggregate principal amount of $195,910,000 of its 12.0% Senior Secured Notes due 2025 (the “Notes”) pursuant to its previously announced cash tender offer (the “Tender Offer”) for any and all of the aggregate $250,000,000 outstanding principal amount of Notes, which commenced on April 5, 2021.

Century will purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time on the settlement date for the Tender Offer, which is expected to be April 14, 2021 (the “Settlement Date”). Holders whose Notes have been accepted for purchase also will receive accrued and unpaid interest on the purchased Notes from the last interest payment date for such Notes up to, but excluding, the Settlement Date.

It opened the trading session at $15.05, the shares rose to $16.53 and dropped to $15.05, the range by which the price of stock traded the whole day. The daily chart for CENX points out that the company has recorded 106.94% gains over the past six months. However, it is still -333.96% lower than its most recent low trading price.

If we look at the average trading volume of 1.44M shares, CENX reached to a volume of 1720275 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Century Aluminum Company [CENX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CENX shares is $15.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CENX stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BMO Capital Markets have made an estimate for Century Aluminum Company shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on June 25, 2020. While these analysts kept the previous recommendation, B. Riley FBR raised their target price from $11 to $5. The new note on the price target was released on March 24, 2020, representing the official price target for Century Aluminum Company stock.

The Average True Range (ATR) for Century Aluminum Company is set at 1.26, with the Price to Sales ratio for CENX stock in the period of the last 12 months amounting to 0.92. The Price to Book ratio for the last quarter was 2.65, with the Price to Cash per share for the same quarter was set at 0.89. Price to Free Cash Flow for CENX in the course of the last twelve months was 49.84 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for CENX stock

Century Aluminum Company [CENX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.71. With this latest performance, CENX shares dropped by -10.16% in over the last four-week period, additionally plugging by 106.94% over the last 6 months – not to mention a rise of 273.55% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CENX stock in for the last two-week period is set at 51.23, with the RSI for the last a single of trading hit 52.04, and the three-weeks RSI is set at 51.95 for Century Aluminum Company [CENX]. The present Moving Average for the last 50 days of trading for this stock 15.38, while it was recorded at 15.06 for the last single week of trading, and 10.80 for the last 200 days.

Century Aluminum Company [CENX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Century Aluminum Company [CENX] shares currently have an operating margin of -5.00 and a Gross Margin at -2.26. Century Aluminum Company’s Net Margin is presently recorded at -7.68.

Return on Total Capital for CENX is now -8.52, given the latest momentum, and Return on Invested Capital for the company is -13.51. Return on Equity for this stock declined to -20.19, with Return on Assets sitting at -8.49. When it comes to the capital structure of this company, Century Aluminum Company [CENX] has a Total Debt to Total Equity ratio set at 62.59. Additionally, CENX Total Debt to Total Capital is recorded at 38.50, with Total Debt to Total Assets ending up at 24.32. Long-Term Debt to Equity for the company is recorded at 57.21, with the Long-Term Debt to Total Capital now at 35.18.

Reflecting on the efficiency of the workforce at the company, Century Aluminum Company [CENX] managed to generate an average of -$59,336 per employee. Receivables Turnover for the company is 19.88 with a Total Asset Turnover recorded at a value of 1.11.Century Aluminum Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.90.

Century Aluminum Company [CENX]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Century Aluminum Company posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 112.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CENX.

An analysis of insider ownership at Century Aluminum Company [CENX]

There are presently around $752 million, or 55.90% of CENX stock, in the hands of institutional investors. The top three institutional holders of CENX stocks are: BLACKROCK INC. with ownership of 7,677,179, which is approximately 2.433% of the company’s market cap and around 1.10% of the total institutional ownership; DIMENSIONAL FUND ADVISORS LP, holding 5,659,766 shares of the stock with an approximate value of $91.12 million in CENX stocks shares; and VANGUARD GROUP INC, currently with $86.25 million in CENX stock with ownership of nearly 2.747% of the company’s market capitalization.

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60 institutional holders increased their position in Century Aluminum Company [NASDAQ:CENX] by around 7,193,398 shares. Additionally, 70 investors decreased positions by around 8,269,068 shares, while 19 investors held positions by with 31,272,838 shares. The mentioned changes placed institutional holdings at 46,735,304 shares, according to the latest SEC report filing. CENX stock had 21 new institutional investments in for a total of 3,387,643 shares, while 18 institutional investors sold positions of 2,673,602 shares during the same period.

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