Century Aluminum Co. (NASDAQ: CENX): Performance Report And Growth Forecast

In the last trading session, 1.88 million Century Aluminum Co. (NASDAQ:CENX) shares changed hands as the company’s beta touched 2.62. With the company’s per share price at $8.07 changed hands at $0.27 or 3.46% during last session, the market valuation stood at $745.67M. CENX’s last price was a discount, traded about -60.72% off its 52-week high of $12.97. The share price had its 52-week low at $5.70, which suggests the last value was 29.37% up since then. When we look at Century Aluminum Co.’s average trading volume, we note the 10-day average is 1.31 million shares, with the 3-month average coming to 1.13 million.

Analysts gave the Century Aluminum Co. (CENX) stock a consensus recommendation rating of an Underweight, calculated at a mean rating of 3.67. If we narrow down to specifics, the data shows that 1 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended CENX as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Century Aluminum Co.’s EPS for the current quarter is expected to be -$0.18.

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Century Aluminum Co. (NASDAQ:CENX) trade information

Instantly CENX was in green as seen at the end of in last trading. With action 19.91%, the performance over the past five days has been green. The jump to weekly highs of 8.31 on Monday, 11/20/23 added 3.46% to the stock’s daily price. The company’s shares are showing year-to-date downside of -1.34%, with the 5-day performance at 19.91% in the green. However, in the 30-day time frame, Century Aluminum Co. (NASDAQ:CENX) is 32.95% up. Looking at the short shares, we see there were 10.02 million shares sold at short interest cover period of 9.9 days.

The consensus price target for the stock as assigned by Wall Street analysts is $7.33, meaning bulls need a downside of -10.1% from its current market value. According to analyst projections, CENX’s forecast low is $6.00 with $9.00 as the target high. To hit the forecast high, the stock’s price needs a -11.52% plunge from its current level, while the stock would need to tank 25.65% for it to hit the projected low.

Century Aluminum Co. (CENX) estimates and forecasts

Data shows that the Century Aluminum Co. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -1.94% over the past 6 months, a -207.69% in annual growth rate that is considerably lower than the industry average of -13.80%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Century Aluminum Co. will rise 41.90%, while the growth in revenue is estimated to hit 18.20% for the next quarter. Year-over-year growth is forecast to reach -22.10% down from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $521 million. The company’s revenue for the corresponding quarters a year ago was $529.9 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.70%.

The 2023 estimates are for Century Aluminum Co. earnings to decrease by -246.32%.

CENX Dividends

Century Aluminum Co. is expected to release its next quarterly earnings report on November 08.

Century Aluminum Co. (NASDAQ:CENX)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 43.47% of Century Aluminum Co. shares while 58.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 104.11%. There are 58.85% institutions holding the Century Aluminum Co. stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 10.53% of the shares, roughly 9.73 million CENX shares worth $84.86 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 6.38% or 5.89 million shares worth $51.38 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Sep 29, 2023 were iShares Core S&P Smallcap ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF. With 3.5 million shares estimated at $25.13 million under it, the former controlled 3.78% of total outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF held about 3.40% of the shares, roughly 3.15 million shares worth around $23.4 million.

On Key

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