For Century Aluminum Company [CENX], Analyst sees a drop to $14. What next?

Century Aluminum Company [NASDAQ: CENX] traded at a high on 09/29/22, posting a 4.70 gain after which it closed the day’ session at $6.46. The company report on August 9, 2022 that Century Aluminum Company Reports Second Quarter 2022 Results.


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Century Aluminum Company (NASDAQ: CENX) today announced its second quarter 2022 results.

The results of the trading session contributed to over 3287200 shares changing hands. Over the past one week, the price volatility of Century Aluminum Company stands at 7.27% while the volatility over the past one month is 6.83%.

The market cap for CENX stock reached $628.82 million, with 91.20 million shares outstanding and 51.41 million shares in the current float. Compared to the average trading volume of 1.89M shares, CENX reached a trading volume of 3287200 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $10.00 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 2.70. 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.

Wolfe Research have made an estimate for Century Aluminum Company shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on May 18, 2022. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on November 17, 2021, representing the official price target for Century Aluminum Company stock. Previously, the target price had yet another raise to $19, while B. Riley Securities analysts kept a Buy rating on CENX stock. On June 25, 2020, analysts increased their price target for CENX shares from 6 to 7.

The Average True Range (ATR) for Century Aluminum Company is set at 0.54, with the Price to Sales ratio for CENX stock in the period of the last 12 months amounting to 0.22. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 0.31.

How has CENX stock performed recently?

Century Aluminum Company [CENX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.89. With this latest performance, CENX shares dropped by -18.43% in over the last four-week period, additionally sinking by -75.81% over the last 6 months – not to mention a drop of -51.43% 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 41.04, with the RSI for the last a single of trading hit 41.61, and the three-weeks RSI is set at 41.44 for Century Aluminum Company [CENX]. The present Moving Average for the last 50 days of trading for this stock 7.77, while it was recorded at 6.09 for the last single week of trading, and 14.75 for the last 200 days.

Century Aluminum Company [CENX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Century Aluminum Company [CENX] shares currently have an operating margin of +2.99 and a Gross Margin at +5.62. Century Aluminum Company’s Net Margin is presently recorded at -7.55.

Return on Equity for this stock declined to -34.56, with Return on Assets sitting at -11.06.

Century Aluminum Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.70.

Insider trade positions for Century Aluminum Company [CENX]

There are presently around $371 million, or 66.10% of CENX stock, in the hands of institutional investors. The top three institutional holders of CENX stocks are: STATE STREET CORP with ownership of 10,536,517, which is approximately 87.86% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 9,162,923 shares of the stock with an approximate value of $59.19 million in CENX stocks shares; and VANGUARD GROUP INC, currently with $38.68 million in CENX stock with ownership of nearly 5.772% of the company’s market capitalization.

Positions in Century Aluminum Company stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 100 institutional holders increased their position in Century Aluminum Company [NASDAQ:CENX] by around 14,056,451 shares. Additionally, 100 investors decreased positions by around 9,997,515 shares, while 21 investors held positions by with 33,309,835 shares. The mentioned changes placed institutional holdings at 57,363,801 shares, according to the latest SEC report filing. CENX stock had 31 new institutional investments in for a total of 1,495,855 shares, while 44 institutional investors sold positions of 5,040,973 shares during the same period.

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