Century Aluminum Company Rises 8.25%, Making it an Attractive Stock to Invest In
December 23, 2022
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Century Aluminum ($NASDAQ:CENX) Company is a major producer of primary aluminum in the United States. It is headquartered in Chicago and trades on the Nasdaq Global Select Market under the symbol CENX. The company produces aluminum in various forms, including billets, ingots, sows and remelts, and supplies aluminum to customers in a range of industries, including aerospace, automotive and defense. Recently, Century Aluminum Company experienced an 8.25% increase in its stock price and closed at $7.74 in the current trading day. This represented a significant jump from its closing price of $7.15 the previous day. Firstly, the company has been expanding its operations, including increasing capabilities in areas such as aerospace and defense.
Secondly, it has been taking steps to improve efficiency, such as reducing costs and streamlining processes. Thirdly, it has been exploring new markets and partnerships in order to increase revenue growth. Given these factors, Century Aluminum Company’s stock has become an attractive option for investors looking for a reliable and profitable investment. With a market capitalization of over $2 billion and a long-term outlook for growth, Century Aluminum Company is well-positioned to continue its upward trend in the coming months and years.
Price History
At the time of writing, news coverage mostly painted a positive picture of the company. Investors are still expecting Century Aluminum to make an impressive comeback because of their current stock trend. Analysts remain optimistic that the company will be able to maintain its current trajectory and continue to rise despite the recent dip. The company’s strong fundamentals also suggest that investing in Century Aluminum could be a smart move. The company’s strong financial position, low debt level, and increasing revenue give investors confidence that Century Aluminum could be a safe bet for long-term investments.
Century Aluminum is also making efforts to improve its operational efficiency by investing in technology and hiring new personnel. This effort is expected to pay off in the long run, as the company will be able to maximize its profits and minimize risks associated with operations. Although its stocks dipped on Thursday, the long-term prospects of the company remain strong and could make investing in Century Aluminum a lucrative opportunity. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Century Aluminum. More…
| Total Revenues | Net Income | Net Margin |
| 2.91k | 153.8 | 1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Century Aluminum. More…
| Operations | Investing | Financing |
| 4.6 | -107 | 99.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Century Aluminum. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.58k | 1.07k | 5.66 |
Key Ratios Snapshot
Some of the financial key ratios for Century Aluminum are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.5% | -16.8% | 9.1% |
| FCF Margin | ROE | ROA |
| -3.5% | 33.3% | 10.5% |
VI Analysis
Century Aluminum is a low risk investment in terms of financial and business aspects, according to the VI Risk Rating. VI app provides a simple analysis of the company’s fundamentals, which reflect its long-term potential. VI App has detected one risk warning in the income sheet, which registered users can access for further details. The VI Risk Rating can be used to evaluate the financial and business health of the company, as well as its future prospects. It takes into account the company’s financial structure, asset quality, liquidity, profitability, capital structure, and other key metrics. The rating also considers the company’s financial history over time, which helps investors assess the potential risks associated with the investment. The VI app also provides access to other relevant data such as news articles and third-party ratings. This helps investors to stay up-to-date with the latest developments and make informed decisions about their investments. Overall, Century Aluminum is a relatively low risk investment which can be evaluated using the VI Risk Rating. Furthermore, registered users can access additional information to further inform their decisions. More…
VI Peers
The company’s main competitors are Tianshan Aluminum Group Co Ltd, Noranda Aluminum Holding Corp, and Nanjing Yunhai Special Metals Co Ltd.
– Tianshan Aluminum Group Co Ltd ($SZSE:002532)
Tianshan Aluminum Group Co Ltd is a Chinese aluminum producer. The company has a market cap of 30.98B as of 2022 and a Return on Equity of 16.7%. Tianshan Aluminum Group Co Ltd produces aluminum products for a variety of industries including construction, transportation, and packaging. The company has a strong presence in China and also exports its products to over 50 countries around the world.
– Noranda Aluminum Holding Corp ($OTCPK:NORNQ)
Noranda Aluminum Holding Corp is a Canada-based company that is engaged in the production of aluminum products. The Company operates through two segments: primary aluminum and alumina. The Company’s primary aluminum segment smelts and refines primary aluminum. The Company’s alumina segment mines, refines and markets alumina. The Company’s products include primary aluminum, alumina, aluminum fluoride, aluminum chloride and sodium aluminum fluoride.
– Nanjing Yunhai Special Metals Co Ltd ($SZSE:002182)
Nanjing Yunhai Special Metals Co Ltd is a Chinese company that manufactures and sells specialty metals. It has a market capitalization of 14.83 billion as of 2022 and a return on equity of 18.83%. The company produces a variety of metals such as titanium, zirconium, nickel, and tungsten. It also manufactures and sells a variety of products made from these metals, such as pipes, tubing, and fittings. The company has a strong presence in China and Asia, and its products are used in a variety of industries including aerospace, chemical processing, and oil and gas.
Summary
Investing in Century Aluminum Company can be an attractive opportunity for many investors. The company has experienced a 8.25% increase in its stock price as of the time of this writing, which is a very attractive return for those looking to invest in a reliable company. Additionally, news coverage for the company has been mostly positive, providing investors with more confidence in their decision to invest. While the company has experienced an increase of 8.25% in its stock price as of this writing, the stock could potentially move down the same day or even in the near future. For this reason, it is important to keep an eye on the market and be sure to do adequate research before investing. Investors should also take the time to consider their own goals and risk tolerance when deciding whether or not to invest in Century Aluminum Company. While the stock has shown potential growth, there is no guarantee that the company will continue to experience positive returns. Investors should also be aware of any potential risks associated with investing in a particular stock and make sure that they are comfortable with the risks before investing. When investing in Century Aluminum Company, investors should also be sure to diversify their portfolios and minimize risk. By investing in several different stocks, investors can help reduce risk and take advantage of potential returns from different companies. Additionally, investors should consider any tax implications associated with their investments and consult a financial advisor if needed.
However, it is important to do adequate research and consider all factors before investing in any particular stock. By taking the time to understand their own goals and risk tolerance, investors can make informed decisions and potentially benefit from investing in Century Aluminum Company.
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