On Friday, Celanese Corp (NYSE: CE) was -4.36% drop from the session before settling in for the closing price of $137.55. A 52-week range for CE has been $110.76 – $172.16.
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A company in the Basic Materials sector has jumped its sales by 11.04% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 23.03%. With a float of $108.74 million, this company’s outstanding shares have now reached $108.91 million.
In an organization with 12410 employees, it is important to assess its efficiency.
Celanese Corp (CE) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Celanese Corp stocks. The insider ownership of Celanese Corp is 0.44%, while institutional ownership is 105.62%. The most recent insider transaction that took place on Mar 15 ’24, was worth 312,980. In this transaction EVP & COO of this company sold 2,000 shares at a rate of $156.49, taking the stock ownership to the 74,429 shares. Before that another transaction happened on Mar 14 ’24, when Company’s SVP, EM bought 1,400 for $156.69, making the entire transaction worth $219,373. This insider now owns 57,023 shares in total.
Celanese Corp (CE) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 23.03% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.19% during the next five years compared to 14.99% growth over the previous five years of trading.
Celanese Corp (NYSE: CE) Trading Performance Indicators
You can see what Celanese Corp (CE) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.36. Likewise, its price to free cash flow for the trailing twelve months is 12.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 17.58, a number that is poised to hit 3.16 in the next quarter and is forecasted to reach 13.49 in one year’s time.
Technical Analysis of Celanese Corp (CE)
Let’s dig in a bit further. During the last 5-days, its volume was 0.93 million. That was better than the volume of 0.73 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 40.06%. Additionally, its Average True Range was 4.14.
During the past 100 days, Celanese Corp’s (CE) raw stochastic average was set at 7.66%, which indicates a significant decrease from 17.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.50% in the past 14 days, which was higher than the 26.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $141.23, while its 200-day Moving Average is $145.57. However, in the short run, Celanese Corp’s stock first resistance to watch stands at $133.86. Second resistance stands at $136.17. The third major resistance level sits at $139.01. If the price goes on to break the first support level at $128.71, it is likely to go to the next support level at $125.87. Assuming the price breaks the second support level, the third support level stands at $123.56.
Celanese Corp (NYSE: CE) Key Stats
There are 109,220K outstanding shares of the company, which has a market capitalization of 14.37 billion. As of now, sales total 10,940 M while income totals 1,960 M. Its latest quarter income was 2,611 M while its last quarter net income were 121,000 K.
