Constellium SE (NYSE:CSTM) is among the top gainers of the stock market today, skyrocketing 4.83% or (0.62 points) to $13.34 from its previous close of $12.72. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 343876 contracts so far this session. CSTM shares had a relatively better volume day versus average trading capacity of 1.14 million shares, but with a 0.14 billion float and a 4.26% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CSTM stock indicates that the average analyst price target is $15.71 per share. This means the stock has a potential increase of 17.77% from where the CSTM share price has been trading recently which is between $12.57 and $12.85.
During the recent trading session for Constellium SE (NYSE:CSTM), the company witnessed their stock rise $0.75 over a week and tumble down $-0.57 from the price 20 days ago. When compared to their established 52-week high of $14.16, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/16/19. The recent low of $6.26 stood for a -5.83% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.74 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Constellium SE, the two-week RSI stands at 60.31. This figure suggests that CSTM stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CSTM readings is similarly very revealing as it has a stochastic reading of 46.86% at this stage. This figure means that CSTM share price today is being neutral.
Technical chart claims that Constellium SE (CSTM) would settle between $12.86/share to $12.99/share level. However, if the stock price goes below the $12.58 mark, then the market for Constellium SE becomes much weaker. If that happens, the stock price might even plunge as low as $12.43 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.29. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Societe Generale raised their recommendation on shares of CSTM from Hold to Buy in their opinion released on October 30. Jefferies, analysts launched coverage of Constellium SE (NYSE:CSTM) stock with a Buy recommendation, according to their flash note issued to investors on July 16. Analysts at Seaport Global Securities released an upgrade from Neutral to Buy for the stock, in a research note that dated back to April 27.
CSTM equity has an average rating of 2.28, with the figure leaning towards a bullish end. 8 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 7 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 7 analysts rated Constellium SE (NYSE:CSTM) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.