In the latest trading session, 0.59 million Century Aluminum Co (NASDAQ:CENX) shares changed hands as the company’s beta touched 2.50. With the company’s most recent per share price at $23.56 changing hands around $0.88 or 3.89% at last look, the market valuation stands at $2.19B. CENX’s current price is a discount, trading about -2.76% off its 52-week high of $24.21. The share price had its 52-week low at $7.28, which suggests the last value was 69.1% up since then. When we look at Century Aluminum Co’s average trading volume, we note the 10-day average is 0.88 million shares, with the 3-month average coming to 1.09 million.
Analysts gave the Century Aluminum Co (CENX) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 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 0.36.
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Century Aluminum Co (NASDAQ:CENX) trade information
Instantly CENX is in green as seen in intraday trades today. With action 1.38%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 94.08%, with the 5-day performance at 1.38% in the green. However, in the 30-day time frame, Century Aluminum Co (NASDAQ:CENX) is 36.83% up. Looking at the short shares, we see there were 4.8 million shares sold at short interest cover period of 3.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need a downside of -30.89% from its recent market value. According to analyst projections, CENX’s forecast low is 6 with 24 as the target high. To hit the forecast high, the stock’s price needs a -1.87% plunge from its current level, while the stock would need to tank 74.53% 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 better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 41.68% over the past 6 months, a 746.81% in annual growth rate that is considerably higher than the industry average of 8.20%. Year-over-year growth is forecast to reach -3.24% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 525.4M. The company’s revenue for the corresponding quarters a year ago was 512.3M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.56%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.20%. The 2024 estimates are for Century Aluminum Co earnings to increase by 417.17%.
CENX Dividends
Century Aluminum Co is expected to release its next quarterly earnings report in January. During the past 5 years, the average dividend yield was 1.84 per year.
Century Aluminum Co (NASDAQ:CENX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 43.80% of Century Aluminum Co shares while 61.70% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 109.78%. There are 61.70% institutions holding the Century Aluminum Co stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 10.5703% of the shares, roughly 9.8 million CENX shares worth $164.13 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.2892% or 5.83 million shares worth $97.65 million as of 2024-06-30.
Among Mutual Funds, the top two as of Aug 31, 2024 were iShares Core S&P Smallcap ETF and Global X Fds-Global X U.S. Infrastructure Development ETF. With 3.5 shares estimated at $82.84 million under it, the former controlled 3.78% of total outstanding shares. On the other hand, Global X Fds-Global X U.S. Infrastructure Development ETF held about 2.00% of the shares, roughly 1.86 shares worth around $43.86 million.
