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Century Aluminum Company (NASDAQ:CENX) Has Reached A Distance Of -3.79% From Its Low, So Is It Poised For More Gains?

In last trading session, Century Aluminum Company (NASDAQ:CENX) saw 1.55 million shares changing hands with its beta currently measuring 2.54. Company’s recent per share price level of $6.34 trading at -$0.37 or -5.51% at ring of the bell on the day assigns it a market valuation of $595.33M. That closing price of CENX’s stock is at a discount of -378.86% from its 52-week high price of $30.36 and is indicating a discount of -3.79% from its 52-week low price of $6.58. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.25 million shares which gives us an average trading volume of 2.05 million if we extend that period to 3-months.

Century Aluminum Company (NASDAQ:CENX) trade information

Upright in the red during last session for losing -5.51%, in the last five days CENX remained trading in the red while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $6.34 price level, adding 18.19% to its value on the day. Century Aluminum Company’s shares saw a change of -61.71% in year-to-date performance and have moved -14.32% in past 5-day. Century Aluminum Company (NASDAQ:CENX) showed a performance of -26.02% in past 30-days. Number of shares sold short was 7.42 million shares which calculate 3.06 days to cover the short interests.

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Century Aluminum Company (CENX) estimates and forecasts

Statistics highlight that Century Aluminum Company is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -78.27% of value to its shares in past 6 months, showing an annual growth rate of 351.61% while that of industry is -1.00. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 177.80% in the current quarter and calculating -600.00% decrease in the next quarter. This year revenue growth is estimated to rise 30.60% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $881 million for the same. And 2 analysts are in estimates of company making revenue of $697.25 million in the next quarter that will end on Sep 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 8.60% during past 5 years.

CENX Dividends

Century Aluminum Company is more likely to be releasing its next quarterly report between February 16 and February 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Century Aluminum Company (NASDAQ:CENX)’s Major holders

Insiders are in possession of 43.78% of company’s total shares while institution are holding 60.11 percent of that, with stock having share float percentage of 106.93%. Investors also watch the number of corporate investors in a company very closely, which is 60.11% institutions for Century Aluminum Company that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CENX for having 8.24 million shares of worth $216.8 million. And as of Mar 30, 2022, it was holding 9.03% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 5.66 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 6.20% of outstanding shares, having a total worth of $148.92 million.

On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF and iShares Core S&P Smallcap ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 8.76 million shares of worth $64.58 million or 9.60% of the total outstanding shares. The later fund manager was in possession of 3.63 million shares on Jun 29, 2022, making its stake of worth around $26.77 million in the company or a holder of 3.98% of company’s stock.

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