In the Green: Celanese Corp (CE) Closes at 133.90, Up/Down -0.72 from Previous Day

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In the latest session, Celanese Corp (NYSE: CE) closed at $133.90 down -0.72% from its previous closing price of $134.87. In other words, the price has decreased by -$0.72 from its previous closing price. On the day, 1.01 million shares were traded. CE stock price reached its highest trading level at $134.27 during the session, while it also had its lowest trading level at $131.05.

Ratios:

For a deeper understanding of Celanese Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.00. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 1.87 whereas as Long-Term Debt/Eq ratio is at 1.58.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on September 05, 2024, Downgraded its rating to Neutral and sets its target price to $150 from $180 previously.

On August 05, 2024, JP Morgan Upgraded its rating to Neutral which previously was Underweight and also lowered its target price recommendation from $156 to $130.

JP Morgan Downgraded its Neutral to Underweight on April 04, 2024, whereas the target price for the stock was revised from $135 to $160.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 19 ’24 when Richardson Scott A sold 4,675 shares for $129.51 per share. The transaction valued at 605,459 led to the insider holds 69,754 shares of the business.

Richardson Scott A sold 4,675 shares of CE for $604,992 on Aug 20 ’24. The EVP & COO now owns 65,079 shares after completing the transaction at $129.41 per share. On Aug 20 ’24, another insider, Richardson Scott A, who serves as the Officer of the company, bought 4,675 shares for $129.41 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CE now has a Market Capitalization of 14736497664 and an Enterprise Value of 27291473920. As of this moment, Celanese’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.61, and their Forward P/E ratio for the next fiscal year is 10.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 2.586 whereas that against EBITDA is 14.587.

Stock Price History:

Over the past 52 weeks, CE has reached a high of $172.16, while it has fallen to a 52-week low of $110.76. The 50-Day Moving Average of the stock is 3.43%, while the 200-Day Moving Average is calculated to be -8.12%.

Shares Statistics:

For the past three months, CE has traded an average of 909.09K shares per day and 1221200 over the past ten days. A total of 108.91M shares are outstanding, with a floating share count of 108.80M. Insiders hold about 0.43% of the company’s shares, while institutions hold 103.35% stake in the company. Shares short for CE as of 1726185600 were 5194460 with a Short Ratio of 5.71, compared to 1723680000 on 4884688. Therefore, it implies a Short% of Shares Outstanding of 5194460 and a Short% of Float of 7.470000000000001.

Dividends & Splits

According to the company, the forward annual dividend rate for CE is 2.80, from 2.8 in the trailing year. Against a Trailing Annual Dividend Yield of 0.020760734The stock’s 5-year Average Dividend Yield is 2.16.

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