Century Aluminum Stock Today
| CENX Stock | USD 17.99 0.10 0.56% |
Performance19 of 100
| Odds Of DistressLess than 26
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Century Aluminum is trading at 17.99 as of the 23rd of April 2024; that is 0.56 percent increase since the beginning of the trading day. The stock's open price was 17.89. Century Aluminum has about a 26 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat solid performance during the last 90 days. Equity ratings for Century Aluminum are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of September 2023 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Materials | IPO Date 28th of March 1996 | Category Basic Materials |
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was incorporated in 1981 and is headquartered in Chicago, Illinois. Century Aluminum operates under Aluminum classification in the United States and is traded on NASDAQ Exchange. The company has 92.7 M outstanding shares of which 7.28 M shares are currently shorted by private and institutional investors with about 5.39 trading days to cover. More on Century Aluminum
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Follow Valuation Options Odds of Bankruptcy
Financial Report 13th of May 2024
Century Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Century Aluminum's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Century Aluminum or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Terence Wilkinson | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Aggressive Defence, Steel Works Etc, Materials, Metals & Mining, Aluminum, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Century Aluminum report their recommendations after researching Century Aluminum's financial statements, talking to executives and customers, or listening in on Century Aluminum's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Century Aluminum. The Century consensus assessment is calculated by taking the average forecast from all of the analysts covering Century Aluminum. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Century Aluminum's profitability, liquidity, and operating efficiency, Century Aluminum is not in a good financial situation at the present time. It has a very high likelihood of going through financial trouble in May. Financial strength of Century Aluminum is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Century Aluminum's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Century Aluminum's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Century Aluminum's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Century Aluminum's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Century Aluminum's financial leverage. It provides some insight into what part of Century Aluminum's total assets is financed by creditors.
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Century Aluminum (CENX) is traded on NASDAQ Exchange in USA. It is located in One South Wacker Drive, Chicago, IL, United States, 60606 and employs 2,939 people. Century Aluminum is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.66 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Century Aluminum's market, we take the total number of its shares issued and multiply it by Century Aluminum's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Century Aluminum conducts business under Metals & Mining sector and is part of Materials industry. The entity has 92.7 M outstanding shares of which 7.28 M shares are currently shorted by private and institutional investors with about 5.39 trading days to cover.
Century Aluminum currently holds about 64.8 M in cash with 105.6 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.71.
Check Century Aluminum Probability Of Bankruptcy
Ownership AllocationCentury Aluminum holds a total of 92.7 Million outstanding shares. Over half of Century Aluminum's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Century Aluminum. Please watch out for any change in the institutional holdings of Century Aluminum as this could mean something significant has changed or is about to change at the company. Also note that nearly eight million three hundred fourty-three thousand fourty-five invesors are currently shorting Century Aluminum expressing very little confidence in its future performance.
Check Century Ownership Details
Century Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Century Aluminum jumping above the current price in 90 days from now is about 1.91%. The Century Aluminum probability density function shows the probability of Century Aluminum stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.9939 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Century Aluminum will likely underperform. Additionally, century Aluminum has an alpha of 0.7078, implying that it can generate a 0.71 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Century Aluminum to move above the current price in 90 days from now is about 1.91 (This Century Aluminum probability density function shows the probability of Century Stock to fall within a particular range of prices over 90 days) .
Century Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Century Aluminum that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Century Aluminum's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Century Aluminum's value.| Instituion | Recorded On | Shares | |
| Balyasny Asset Management Llc | 2023-12-31 | 1 M | |
| Slate Path Capital Lp | 2023-12-31 | 878 K | |
| Arnhold & S. Bleichroeder Advisers, Llc | 2023-12-31 | 867.5 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 850.2 K | |
| Steamboat Capital Partners, Llc | 2023-12-31 | 747.9 K | |
| Marshall Wace Asset Management Ltd | 2023-12-31 | 746 K | |
| Two Sigma Investments Llc | 2023-12-31 | 713.3 K | |
| Millennium Management Llc | 2023-12-31 | 708.3 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 670.2 K | |
| Blackrock Inc | 2023-12-31 | 10.5 M | |
| Vanguard Group Inc | 2023-12-31 | 5.8 M |
Century Aluminum Historical Income Statement
Century Aluminum Income Statement is one of the three primary financial statements used for reporting Century's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Century Aluminum revenue and expense. Century Aluminum Income Statement primarily focuses on the company's revenues and expenses during a particular period.
EBITDA is likely to rise to about 146.5 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 67.5 M in 2024. View More FundamentalsCentury Stock Against Markets
Picking the right benchmark for Century Aluminum stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Century Aluminum stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Century Aluminum is critical whether you are bullish or bearish towards Century Aluminum at a given time. Please also check how Century Aluminum's historical prices are related to one of the top price index indicators.
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Century Aluminum Corporate Directors
Century Aluminum corporate directors refer to members of a Century Aluminum board of directors. The board of directors generally takes responsibility for the Century Aluminum's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Century Aluminum's board members must vote for the resolution. The Century Aluminum board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Errol Glasser | Director | Profile | |
| Andrew Caplan | Director | Profile | |
| Andrew Michelmore | Independent Director | Profile | |
| Daniel Goldberg | Director | Profile |
How to buy Century Stock?
Before investing in Century Aluminum, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Century Aluminum. To buy Century Aluminum stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Century Aluminum. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Century Aluminum stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Century Aluminum stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Century Aluminum stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Century Aluminum, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Century Stock please use our How to Invest in Century Aluminum guide.
Already Invested in Century Aluminum?
The danger of trading Century Aluminum is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Century Aluminum is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Century Aluminum. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Century Aluminum is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Century Aluminum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Century Aluminum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Century Aluminum Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Century Aluminum Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Century Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Century Stock please use our How to Invest in Century Aluminum guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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When running Century Aluminum's price analysis, check to measure Century Aluminum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Century Aluminum is operating at the current time. Most of Century Aluminum's value examination focuses on studying past and present price action to predict the probability of Century Aluminum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Aluminum's price. Additionally, you may evaluate how the addition of Century Aluminum to your portfolios can decrease your overall portfolio volatility.
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Is Century Aluminum's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Century Aluminum. If investors know Century will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Century Aluminum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.80) | Earnings Share (0.47) | Revenue Per Share 23.652 | Quarterly Revenue Growth (0.03) | Return On Assets 0.012 |
The market value of Century Aluminum is measured differently than its book value, which is the value of Century that is recorded on the company's balance sheet. Investors also form their own opinion of Century Aluminum's value that differs from its market value or its book value, called intrinsic value, which is Century Aluminum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Century Aluminum's market value can be influenced by many factors that don't directly affect Century Aluminum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Century Aluminum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Aluminum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Aluminum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.