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Is Century Aluminum Company (NASDAQ:CENX), -247.77% Below Its High, Poised For A Strong Recovery?

In last trading session, Century Aluminum Company (NASDAQ:CENX) saw 1.23 million shares changing hands with its beta currently measuring 2.70. Company’s recent per share price level of $8.73 trading at $0.1 or 1.16% at ring of the bell on the day assigns it a market valuation of $789.02M. That closing price of CENX’s stock is at a discount of -247.77% from its 52-week high price of $30.36 and is indicating a premium of 39.63% from its 52-week low price of $5.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.41 million shares which gives us an average trading volume of 2.20 million if we extend that period to 3-months.

For Century Aluminum Company (CENX), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.30. Splitting up the data highlights that, out of 3 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.43 in the current quarter.

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Century Aluminum Company (NASDAQ:CENX) trade information

Upright in the green during last session for gaining 1.16%, in the last five days CENX remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $8.73 price level, adding 0.68% to its value on the day. Century Aluminum Company’s shares saw a change of -47.28% in year-to-date performance and have moved -2.13% in past 5-day. Century Aluminum Company (NASDAQ:CENX) showed a performance of 25.07% in past 30-days. Number of shares sold short was 5.96 million shares which calculate 2.24 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $8.00 to the stock, which implies a fall of -9.13% to its current value. Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $12.00. It follows that stock’s current price would drop -37.46% in reaching the projected high whereas dropping to the targeted low would mean a gain of 42.73% for stock’s current value.

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 -25.06% of value to its shares in past 6 months, showing an annual growth rate of 372.58% while that of industry is 4.70. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -616.70% in the current quarter and calculating -511.80% decrease in the next quarter. This year revenue growth is estimated to rise 26.60% 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 $642.07 million for the same. And 2 analysts are in estimates of company making revenue of $550.95 million in the next quarter that will end on Dec 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 22 and February 27 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 43.73% of company’s total shares while institution are holding 65.19 percent of that, with stock having share float percentage of 115.86%. Investors also watch the number of corporate investors in a company very closely, which is 65.19% institutions for Century Aluminum Company that are currently holding shares of the company. State Street Corporation is the top institutional holder at CENX for having 10.54 million shares of worth $77.65 million. And as of Jun 29, 2022, it was holding 11.53% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 9.16 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 10.03% of outstanding shares, having a total worth of $67.53 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 Sep 29, 2022, the former fund manager was holding 6.48 million shares of worth $34.19 million or 7.09% of the total outstanding shares. The later fund manager was in possession of 3.73 million shares on Sep 29, 2022, making its stake of worth around $19.7 million in the company or a holder of 4.08% of company’s stock.

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