Celanese Corp (NYSE: CE) kicked off on Monday, down -1.06% from the previous trading day, before settling in for the closing price of $73.78. Over the past 52 weeks, CE has traded in a range of $72.78-$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. While this was happening, its average annual earnings per share was recorded -7.39%. With a float of $108.84 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. 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 Updates
Our next focus will be how large-scale investors are participating in this stock of the Chemicals Industry. The insider ownership of Celanese Corp is 0.43%, while institutional ownership is 102.57%. 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) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 2.24 earnings per share (EPS), lower than consensus estimate (set at 2.31) by -0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.85 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.39% 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
Take a look at Celanese Corp’s (CE) current performance indicators. Last quarter, stock had a quick ratio of 0.76. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.76. Likewise, its price to free cash flow for the trailing twelve months is 9.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.95, a number that is poised to hit 1.34 in the next quarter and is forecasted to reach 9.70 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 2.96 million. That was better than the volume of 0.93 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 2.12%. Additionally, its Average True Range was 4.15.
During the past 100 days, Celanese Corp’s (CE) raw stochastic average was set at 0.29%, which indicates a significant decrease from 0.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 120.25% in the past 14 days, which was higher than the 58.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $120.47, while its 200-day Moving Average is $140.23. However, in the short run, Celanese Corp’s stock first resistance to watch stands at $73.84. Second resistance stands at $74.69. The third major resistance level sits at $75.21. If the price goes on to break the first support level at $72.48, it is likely to go to the next support level at $71.96. Assuming the price breaks the second support level, the third support level stands at $71.11.
Celanese Corp (NYSE: CE) Key Stats
The company with the Market Capitalisation of 7.96 billion has total of 109,264K Shares Outstanding. Its annual sales at the moment are 10,940 M in contrast with the sum of 1,960 M annual income. Company’s last quarter sales were recorded 2,648 M and last quarter income was 116,000 K.
