Century Aluminum Company (CENX): From Top to Bottom

Century Aluminum Company (CENX) is an interesting player in the Basic Materials space, with a focus on Aluminum. The stock has been active on the tape, currently trading at $20.81, up from yesterday’s close by 3.28%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Century Aluminum Company (CENX) currently trades with a market capitalization of $1.77 Billion. That value represents a market adjusting for revenues that have been growing by 27.66 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $40.85 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.13 on a per share basis this quarter. Perhaps, that suggests something about why 2.24% of the outstanding share supply is held by institutional investors.



Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Century Aluminum Company recorded a 52-week high of $24.77. It is now trading 3.96% off that level. The stock is trading $21.42 its 50-day moving average by 0.61%. The stock carved out a 52-week low down at $11.26.

In recent action, Century Aluminum Company (CENX) has made a move of -1.79% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.8, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 13.24% with $49.25 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CENX.

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