Century Aluminum Co (NASDAQ: CENX) Stock Jumping 41.65% Over A Month – Any Room For Its Value To Rise?

Century Aluminum Co (NASDAQ:CENX)’s traded shares stood at 0.73 million during the last session, with the company’s beta value hitting 2.47. At the last check today, the stock’s price was $24.01, to imply an increase of 13.68% or $2.89 in intraday trading. The CENX share’s 52-week high remains $22.77, putting it 5.16% up since that peak but still an impressive 69.68% since price per share fell to its 52-week low of $7.28. The company has a valuation of $2.23B, with an average of 1.61 million shares in intraday trading volume over the past 10 days and average of 1.07 million shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for Century Aluminum Co (CENX), translating to a mean rating of 2.33. Of 1 analyst(s) looking at the stock, 0 analyst(s) give CENX a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.36.

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Century Aluminum Co (NASDAQ:CENX) trade information

After registering a 13.68% upside in the latest session, Century Aluminum Co (CENX) has traded red over the past five days. The 5-day price performance for the stock is 8.64%, and 41.65% over 30 days. With these gigs, the year-to-date price performance is 97.78%. Short interest in Century Aluminum Co (NASDAQ:CENX) saw shorts transact 4.73 million shares and set a 5.21 days time to cover.

The extremes give us $6 and $24 for target low and target high price respectively. As such, CENX has been trading 0.04% off suggested target high and 75.01% from its likely low.

Century Aluminum Co (CENX) estimates and forecasts

Looking at statistics comparing Century Aluminum Co share performance against respective industry, we note that the company has outperformed competitors. Century Aluminum Co (CENX) shares are 34.51% up over the last 6 months, with its year-to-date growth rate higher than industry average at 746.81% against 12.50%. The rating firms project that company’s revenue will grow 12.05% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 525.4M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 2.11B.Earnings reports from the last fiscal year show that sales brought in 512.3M and 2.19B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2.56% before dropping -3.24% in the following quarter.

CENX Dividends

Century Aluminum Co has its next earnings report out on 2025-Feb-19. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 1.84%.

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

Century Aluminum Co insiders hold 43.79% of total outstanding shares, with institutional holders owning 61.72% of the shares at 109.79% float percentage. In total, 61.72% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 9.8 million shares (or 10.5703% of shares), all amounting to roughly $164.13 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 5.83 million shares, or about 6.2892% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $97.65 million.