Century Aluminum Company Set to See Big Returns Again in 2023 with 2.71 Beta and 1.89 Million Shares Traded in Last Session.

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Century Aluminum ($NASDAQ:CENX) Company is poised to start delivering big returns again in 2023. The high beta value demonstrates the company’s potential for delivering strong returns, and the large number of shares traded indicates that there is strong demand for this stock. The company has experienced some minor fluctuations in its stock price over the past few months, but these have been relatively minor. With this in mind, investors can expect to see some solid gains from the stock in the coming year.

Furthermore, the company’s financials have been strong for some time now, indicating that it is in a strong position to generate returns for its investors. With its high beta value and large number of shares traded in the last session, investors should feel confident that they will see a significant return on their investments.

Market Price

Tuesday marked an unexpected return for CENTURY ALUMINUM, as the stock opened at $12.2 and closed at $12.0 with 2.7% decrease from last closing price of 12.3. Despite the fact that the stock closed lower on the day, this could be a sign of renewed investor interest in the company and its offerings. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Century Aluminum. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Century Aluminum. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Century Aluminum. More…

Key Ratios Snapshot

Some of the financial key ratios for Century Aluminum are shown below. More…

Analysis

GoodWhale has analyzed the financials of CENTURY ALUMINUM, and according to our Star Chart, the company is strong in asset, growth, and profitability, but weak in dividend. Our health score for this company is 4/10, which indicates that CENTURY ALUMINUM is likely to safely ride out any crisis without the risk of bankruptcy. From our analysis, we have classified CENTURY ALUMINUM as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. This makes it an attractive option for investors who are looking for the potential of higher returns but are also willing to accept a greater degree of risk. More…

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

Century Aluminum is poised to see a return on investments in 2023, as indicated by its 2.71 Beta and 1.89 million shares traded in the last session. This data indicates a strong probability of financial success in the coming years. Investors should consider their individual risk tolerance and investment goals to determine if Century Aluminum is a suitable option. However, with strong indications of potential returns based on the current market activity, Century Aluminum can be a worthy consideration for investors who are looking for potential gains.