Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, Celanese Corp (NYSE: CE) closed at $64.94 down -2.05% from its previous closing price of $66.30. In other words, the price has decreased by -$2.05 from its previous closing price. On the day, 2.65 million shares were traded. CE stock price reached its highest trading level at $65.71 during the session, while it also had its lowest trading level at $64.38.
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 8.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.41. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 1.83 whereas as Long-Term Debt/Eq ratio is at 1.60.
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, UBS on November 11, 2024, Downgraded its rating to Neutral and sets its target price to $97 from $161 previously.
On November 11, 2024, BMO Capital Markets Downgraded its rating to Underperform which previously was Market Perform and also lowered its target price recommendation from $138 to $76.
Piper Sandler Downgraded its Neutral to Underweight on November 08, 2024, whereas the target price for the stock was revised from $150 to $98.
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 7098721792 and an Enterprise Value of 20190072832. As of this moment, Celanese’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.52, and their Forward P/E ratio for the next fiscal year is 7.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 1.927 whereas that against EBITDA is 10.908.
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 $65.50. The 50-Day Moving Average of the stock is -17.70%, while the 200-Day Moving Average is calculated to be -48.46%.
Shares Statistics:
For the past three months, CE has traded an average of 2.37M shares per day and 1926560 over the past ten days. A total of 109.27M shares are outstanding, with a floating share count of 108.84M. Insiders hold about 0.43% of the company’s shares, while institutions hold 99.04% stake in the company. Shares short for CE as of 1734048000 were 5135300 with a Short Ratio of 2.17, compared to 1731628800 on 5067539. Therefore, it implies a Short% of Shares Outstanding of 5135300 and a Short% of Float of 7.380000000000001.
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 0.042232275The stock’s 5-year Average Dividend Yield is 2.23.
