Celanese Corp [NYSE: CE] plunged by -$0.8 during the normal trading session on while it closed the day at $72.20.
Celanese Corp stock has also loss -4.64% of its value over the past 7 days. However, CE stock has declined by -44.77% in the 3 months of the year. Over the past six months meanwhile, it has lost -53.55% and lost -53.53% year-on date.
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The market cap for CE stock reached $7.89 billion, with 108.91 million shares outstanding and 108.84 million shares in the current float. Compared to the average trading volume of 1.38M shares, CE reached a trading volume of 4900273 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Celanese Corp [CE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CE shares is $102.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CE stock is a recommendation set at 3.18. 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.
UBS have made an estimate for Celanese Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 11, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $138 to $76. The new note on the price target was released on November 11, 2024, representing the official price target for Celanese Corp stock. Previously, the target price had yet another drop from $150 to $98, while Piper Sandler kept a Underweight rating on CE stock. On November 06, 2024, analysts decreased their price target for CE shares from 135 to 110.
The Average True Range (ATR) for Celanese Corp is set at 3.99, with the Price to Sales ratio for CE stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 7.44. Price to Free Cash Flow for CE in the course of the last twelve months was 9.35 with Quick ratio for the last quarter at 0.76.
CE stock trade performance evaluation
Celanese Corp [CE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.64. With this latest performance, CE shares dropped by -45.71% in over the last four-week period, additionally sinking by -53.55% over the last 6 months – not to mention a drop of -44.43% 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 CE stock in for the last two-week period is set at 10.77, with the RSI for the last a single of trading hit 5.93, and the three-weeks RSI is set at 15.82 for Celanese Corp [CE]. The present Moving Average for the last 50 days of trading for this stock 119.53, while it was recorded at 73.38 for the last single week of trading, and 139.87 for the last 200 days.
Celanese Corp [CE]: An insightful look at the core fundamentals
Celanese Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.76 and a Current Ratio set at 1.37.
Earnings per share (EPS) analysis for Celanese Corp [CE] stock
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 CE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Celanese Corp go to 22.38%.
Celanese Corp [CE]: Institutional Ownership
There are presently around $102.70%, or 103.12%% of CE stock, in the hands of institutional investors. The top three institutional holders of CE stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 15.29 million shares, which is approximately 13.991%. VANGUARD GROUP INC, holding 13.01 million shares of the stock with an approximate value of $$1.76 billion in CE stocks shares; and VANGUARD GROUP INC, currently with $$1.5 billion in CE stock with ownership which is approximately 10.1853%.
