Celanese Corp (NYSE: CE) on Friday, plunged -5.48% from the previous trading day, before settling in for the closing price of $89.72. Within the past 52 weeks, CE’s price has moved between $89.12 and $172.16.
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Basic Materials Sector giant saw their annual sales surged by 11.04% over the last five years. The company achieved an average annual earnings per share of -3.74%. With a float of $108.80 million, this company’s outstanding shares have now reached $108.91 million.
The firm has a total of 12410 workers. Let’s measure their productivity. In terms of profitability, gross margin is 22.52%, operating margin of 9.97%, and the pretax margin is 6.25%.
Celanese Corp (CE) Insider Activity
Observing investor behavior towards Chemicals industry stocks is more important than anything else. The insider ownership of Celanese Corp is 0.43%, while institutional ownership is 104.51%. The most recent insider transaction that took place on Aug 19 ’24, was worth 605,459. In this transaction EVP & COO of this company sold 4,675 shares at a rate of $129.51, taking the stock ownership to the 69,754 shares. Before that another transaction happened on Aug 20 ’24, when Company’s EVP & COO sold 4,675 for $129.41, making the entire transaction worth $604,992. This insider now owns 65,079 shares in total.
Celanese Corp (CE) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.24 earnings per share (EPS) for the period falling under the consensus outlook (set at 2.31) by -0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.74% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 22.38% during the next five years compared to 14.99% growth over the previous five years of trading.
Celanese Corp (NYSE: CE) Trading Performance Indicators
Celanese Corp (CE) is currently performing well based on its current performance indicators. A quick ratio of 0.76 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.84. Likewise, its price to free cash flow for the trailing twelve months is 7.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.95, a number that is poised to hit 1.52 in the next quarter and is forecasted to reach 10.27 in one year’s time.
Technical Analysis of Celanese Corp (CE)
Analysing the last 5-days average volume posted by the [Celanese Corp, CE], we can find that recorded value of 4.93 million was better than the volume posted last year of 0.87 million. As of the previous 9 days, the stock’s Stochastic %D was 2.11%. Additionally, its Average True Range was 4.91.
During the past 100 days, Celanese Corp’s (CE) raw stochastic average was set at 0.08%, which indicates a significant decrease from 0.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 121.72% in the past 14 days, which was higher than the 57.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $126.33, while its 200-day Moving Average is $142.41. Now, the first resistance to watch is $87.78. This is followed by the second major resistance level at $90.75. The third major resistance level sits at $92.27. If the price goes on to break the first support level at $83.29, it is likely to go to the next support level at $81.77. Should the price break the second support level, the third support level stands at $78.80.
Celanese Corp (NYSE: CE) Key Stats
Market capitalization of the company is 8.76 billion based on 109,264K outstanding shares. Right now, sales total 10,940 M and income totals 1,960 M. The company made 2,651 M in profit during its latest quarter, and 155,000 K in sales during its previous quarter.
