The stock of Constellium SE (NYSE:CSTM) is now priced at $8.32 and the shares are 0.31 points up or 3.87% higher compared to its previous closing price of $8.01. The stock had 1.054 million contracts set over the past session. CSTM shares’ daily volume is compared to its average trading volume at 1.191 million shares. However, it has a float of 136 million and although its performance was 2.21% over the week, it’s one to watch. Analysts have given the CSTM stock a yearly average price target of $13.03 per share. It means the stock’s upside potential is 56.61% with the CSTM share price recently placing at $7.88 to $8.32. However, some brokerage firms have priced the stock below the average, including one that has called $€8.49.
The shorts are running away from the Constellium SE stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the CSTM shares have declined. Short interest in the stock represents just 1.27% of its float, but the volume has dropped by 0.
In the last trading session, Constellium SE (NYSE:CSTM) raised by $0.18 over the week and gained $0.02 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $15.1. The stock recorded its established 52-week high on 12/16/19.
Since 03/18/20, the stock has traded to a low of $3.9 at 113.13%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 2.12. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Constellium SE’s two-week RSI is 53.27. This suggests that the stock is neutral at the moment and that CSTM shares’ price movement remains stable. The stochastic readings are equally revealing at 37.93% meaning the CSTM share price is currently in neutral territory.
The technical chart shows that the CSTM stock will likely settle at between $8.47 and $8.61 per share. However, if the stock dips below $8.03, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $7.73.
Currently, the stock is trading in the green of MACD, with a reading of 0.11. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned CSTM a rating of Buy in their intiating review released on January 16. Northland Capital analysts see the stock as a Outperform with a target price of $19 in a flash note released to investors on January 13 initiating covering the stock. Societe Generale seeing the improvements upgraded the stock from Hold to Buy on October 30.
The average rating for the CSTM equity is 2.17 and is currently gathering a bullish momentum. Of 6 analysts tracking Constellium SE polled by Reuters, 1 rated CSTM as a hold. The remaining 5 analysts were split evenly. However, the split wasn’t equal as a majority (5) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the CSTM stock price is 11.99X ahead of its 12-month Consensus earnings per share estimates.