Recent exceptional negative changes in investment behavior have affected Century Aluminum Co (NASDAQ: CENX): negative upside/downside volume developed, and its shorter term price trend turned down.
Century Aluminum Co (NASDAQ: CENX) suffers from important negative changes in fundamentals: significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
CENX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a major Value Builder.
Century Aluminum has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Century Aluminum has a neutral Appreciation Score of 55 but a very high Power Rating of 87, with the Positive Value Trend Rating the result.
Recent Price Action
On 2/29/24, Century Aluminum Co (NASDAQ: CENX) stock enjoyed a large increase of 3.9%, closing at $10.47. However, trading volume in this advance was below average at 70% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.2% during the last week.
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