Celanese ( ($CE) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Celanese’s stock tumbled significantly after the company’s Q4 earnings report, which, despite surpassing EPS estimates and meeting revenue forecasts, highlighted an anticipated $100 million in challenges for Q1 2025. Factors such as demand issues, seasonal weaknesses, a planned facility shutdown, and a delayed dividend from its acetate joint venture contributed to this negative outlook. Additional concerns included macroeconomic headwinds, excess capacity, and the company’s heavy reliance on the auto market, leading analysts to lower their price targets due to increased risks and limited future potential. The selloff triggered a surge in trading volumes, with most analysts maintaining hold ratings amidst these pressures.
More about Celanese
YTD Price Performance: -19.75%
Average Trading Volume: 2,638,491
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.64B
For further insights into CE stock on TipRanks’ Stock Analysis page.
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