Century Aluminum Co (CENX) Is A Great Bargain Stock To Take A Look At

Century Aluminum Co (NASDAQ:CENX) has a beta value of 2.46 and has seen 4.34 million shares traded in the last trading session. The company, currently valued at $1.95B, closed the last trade at $21.05 per share which meant it gained $3.51 on the day or 20.01% during that session. The CENX stock price is -1.52% off its 52-week high price of $21.37 and 70.31% above the 52-week low of $6.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.01 million shares traded. The 3-month trading volume is 1.05 million shares.

The consensus among analysts is that Century Aluminum Co (CENX) is Hold stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.

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Century Aluminum Co (NASDAQ:CENX) trade information

Sporting 20.01% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CENX stock price touched $21.05 or saw a rise of 5.56%. Year-to-date, Century Aluminum Co shares have moved 73.39%, while the 5-day performance has seen it change 18.23%. Over the past 30 days, the shares of Century Aluminum Co (NASDAQ:CENX) have changed 32.47%. Short interest in the company has seen 5.48 million shares shorted with days to cover at 5.72.

Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could drop -40.33% from current levels. The projected low price target is $6.0 while the price target rests at a high of $24.0. In that case, then, we find that the current price level is -14.01% off the targeted high while a plunge would see the stock lose 71.5% from current levels.

Century Aluminum Co (CENX) estimates and forecasts

Figures show that Century Aluminum Co shares have outperformed across the wider relevant industry. The company’s shares have gained 19.94% over the past 6 months, with this year growth rate of 642.55%, compared to 15.10% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 9.20% over the past 5 years.

CENX Dividends

Century Aluminum Co is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 43.79% of the company shares, while shares held by institutions stand at 62.06% with a share float percentage of 110.41%. Investors are also buoyed by the number of investors in a company, with Century Aluminum Co having a total of 279.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 9.8 million shares worth more than $164.13 million. As of 2024-06-30, BLACKROCK INC. held 10.5703% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 5.83 million shares as of 2024-06-30. The firm’s total holdings are worth over $97.65 million and represent 6.2892% of shares outstanding.