Market Momentum Report: Celestica, Inc (CLS)’s Positive Close at 91.44

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The price of Celestica, Inc (NYSE: CLS) closed at $91.44 in the last session, up 5.13% from day before closing price of $86.98. In other words, the price has increased by $5.13 from its previous closing price. On the day, 3.55 million shares were traded. CLS stock price reached its highest trading level at $93.1499 during the session, while it also had its lowest trading level at $88.53.

Ratios:

We take a closer look at CLS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 37.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.68. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.49.

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 this company, Barclays on November 05, 2024, initiated with a Overweight rating and assigned the stock a target price of $91.

On September 09, 2024, Stifel Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $58.

On May 15, 2024, Fox Advisors started tracking the stock assigning a Overweight rating and target price of $60.Fox Advisors initiated its Overweight rating on May 15, 2024, with a $60 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 07 ’24 when Jason Phillips bought 18,000 shares for $81.00 per share.

MIONIS ROBERT bought 60,000 shares of CLS for $4,770,600 on Nov 06 ’24. On Oct 29 ’24, another insider, Leila Wong, who serves as the Chief Human Resources Officer of the company, bought 600 shares for $70.30 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CLS now has a Market Capitalization of 10656966656 and an Enterprise Value of 10823635968. As of this moment, Celestica,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.91, and their Forward P/E ratio for the next fiscal year is 20.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.61 while its Price-to-Book (P/B) ratio in mrq is 5.96. Its current Enterprise Value per Revenue stands at 1.171 whereas that against EBITDA is 16.537.

Stock Price History:

Over the past 52 weeks, CLS has reached a high of $88.68, while it has fallen to a 52-week low of $25.83. The 50-Day Moving Average of the stock is 42.69%, while the 200-Day Moving Average is calculated to be 72.44%.

Shares Statistics:

According to the various share statistics, CLS traded on average about 2.22M shares per day over the past 3-months and 2506080 shares per day over the past 10 days. A total of 119.00M shares are outstanding, with a floating share count of 115.60M. Insiders hold about 0.65% of the company’s shares, while institutions hold 77.07% stake in the company. Shares short for CLS as of 1730332800 were 2947544 with a Short Ratio of 1.32, compared to 1727654400 on 3141363. Therefore, it implies a Short% of Shares Outstanding of 2947544 and a Short% of Float of 2.56.

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