Yahoo Finance Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Century Aluminum (CENX)
Chicago-based Century Aluminum Company is engaged in the production of primary aluminum in the United Sates and Iceland. The company produces standard grade and value-added primary aluminum products as well as carbon products such as anodes and cathodes. Century Aluminum recorded revenues of around $2,777.3 million in 2022. Total shipments in 2022 were 768,691 tons. It operates through one reportable segment – Primary Aluminum.
CENX boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Century Aluminum has seen some interesting price action recently; the stock is up 4.3% over the past one week and up 0.6% over the past four weeks. And in the last one-year period, CENX has lost 31%. As for the stock's trading volume, 1,230,900.13 shares on average were traded over the last 20 days.
A company's earnings performance is important for momentum investors as well. For fiscal 2023, two analysts revised their earnings estimate higher in the last 60 days for CENX, while the Zacks Consensus Estimate has increased $0.08 to $0.56 per share. CENX also boasts an average earnings surprise of 8.3%.
Investors should take the time to consider CENX for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Century Aluminum Company (CENX) : Free Stock Analysis Report
