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The CE Tug-of-War: 2023’s Market Gains and Losses Analyzed

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded a decrease of -40.01%. However, over the last six months, the performance has been stronger by -42.72%. The price of CE decreased -31.25% over the last 30 days. And in the last five days, it has fallen by -26.54%.

The market performance of Celanese Corp has been somewhat unstable. Over the past year, the company’s stock achieved a high of $172.16 on 03/28/24, with the lowest value for the same timeframe being $114.05, recorded on 11/05/24.

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52-week price history of CE Stock

A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Celanese Corp’s current trading price is -45.86% away from its 52-week high, while its distance from the 52-week low is -18.27%. The stock’s price range over this timeframe has been between $114.05 and $172.16. The shares of the Basic Materials sector company recorded a trading volume of approximately 4.57 million for the day, which was comparatively higher than the average daily volume of 0.88 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Celanese Corp (CE) has experienced a quarterly decline of -25.46% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.18B and boasts a workforce of 12410 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 131.77, with a change in price of -51.70. Similarly, Celanese Corp recorded 908,041 in trading volume during the last 100 days, posting a change of -35.87%.

CE’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for CE stands at 1.87. Similarly, the long-term debt-to-equity ratio is also 1.58.

CE Stock Stochastic Average

Celanese Corp’s raw stochastic average for the past 50 days is currently at 1.20%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 1.34%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 1.12% and 3.39%, respectively.

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