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 $18.03, down from yesterday’s close by -0.66%. 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 $1.62 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 $19.92 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.18 on a per share basis this quarter. Perhaps, that suggests something about why 2.23% of the outstanding share supply is held by institutional investors.
As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Century Aluminum Company recorded a 52-week high of $24.77. It is now trading 6.74% off that level. The stock is trading $19.82 its 50-day moving average by 1.79%. The stock carved out a 52-week low down at $11.59.
In recent action, Century Aluminum Company (CENX) has made a move of -13.44% 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 13.41, 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 9.41% with $49.50 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CENX.