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Wednesday, September 27, 2023

Century Aluminum Company (CENX) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Century Aluminum Company (CENX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.65%, to $7.79. The Century Aluminum Company has recorded 185,665 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Century Aluminum Company Reports Second Quarter 2023 Results.

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Stocks Info

Century Aluminum Company is listed on the NASDAQ in the Basic Materials sector while operating in the Aluminum industry. The current market capitalization of Century Aluminum Company is $687.31M. A total of 1.1 million shares were traded on the day, compared to an average of 1.21M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CENX has seen 6 BUY and 2 SELL insider trades, representing the acquisition of 88,961 and the disposition of 25,385 shares. Over the last 12 months, there were 22 BUYs and 14 SELLs from insiders. Insiders purchased 1,066,880 shares during that period but sold 27,704,236.

In the most recent transaction, Aboud Matt bought 18,000 shares of CENX for 7.25 per share on May 11. After the transaction, the SVP, Strategy & Business Dev’t now owns 46,678 company shares.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CENX in the last 3 months, the mean price target is $8.00 with high estimates of $9.00 and low estimates of $6.00. In terms of 52-week highs and lows, CENX has a high of $12.97 and a low of $5.27.

As of this writing, CENX has an earnings estimate of -$0.12 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.21. The company reported an EPS of -$0.11 in the last quarter, which was -57.10% lower than expectations of -$0.07.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CENX’s latest balance sheet shows that the firm has $29.00M in Cash & Short Term Investments as of fiscal 2021. There were $474.10M in debt and $547.40M in liabilities at the time. Its Book Value Per Share was $4.04, while its Total Shareholder’s Equity was $421.00M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 2.00.

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