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Wednesday, February 1, 2023

Century Aluminum Company (CENX): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Century Aluminum Company (CENX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.29%, to $10.32. The Century Aluminum Company has recorded 32,614 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Century Aluminum Company Reports Third Quarter 2022 Results.

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Stocks Info

This NASDAQ-listed company operates within the Aluminum industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $10.29 and fluctuated between $10.34 as its day high and $9.35 as its day low. The current market capitalization of Century Aluminum Company is $854.28M. A total of 1.92 million shares were traded on the day, compared to an average of 2.07M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CENX has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 27,500,000 and the disposition of 27,500,000 shares. Over the last 12 months, there were 9 BUYs and 10 SELLs from insiders. Insiders purchased 27,695,192 shares during that period but sold 27,784,810.

In the most recent transaction, Gary Jesse E sold 49,568 shares of CENX for 8.88 per share on Aug 15. After the transaction, the President and CEO now owns 64,400 company shares. In a previous transaction on Aug 12, Gary Jesse E sold 50,000 shares at 9.78 per share. CENX shares that President and CEO owns now total 113,968.

Among the insiders who sold shares, DeZee John disposed of 15,287 shares on Mar 21 at a per-share price of $27.64. This resulted in the EVP and General Counsel holding 45,484 shares of CENX after the transaction. In another insider transaction, Hoffman Robert F sold 3,480 shares at $29.19 per share on Mar 04. Company shares held by the insider now total 32,380.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CENX in the last 3 months, the mean price target is $8.33 with high estimates of $12.00 and low estimates of $5.00. In terms of 52-week highs and lows, CENX has a high of $30.36 and a low of $5.27.

As of this writing, CENX has an earnings estimate of -$0.43 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.39 per share and a lower estimate of -$0.47. The company reported an EPS of $0.59 in the last quarter, which was 73.50% higher than expectations of $0.34.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CENX is Buy with a score of 4.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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