Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Celestica Inc before investing.

In this article, we go over a few key elements for understanding Celestica Inc’s stock price such as:

• Celestica Inc’s current stock price and volume
• Why Celestica Inc’s stock price changed recently
• Upgrades and downgrades for CLS from analysts
• CLS’s stock price momentum as measured by its relative strength

About Celestica Inc (CLS)

Before we jump into Celestica Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Celestica Inc. is engaged in designing, manufacturing, hardware platform and supply chain solutions. The Company operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment consists of its ATS end market and is comprised of its Aerospace & Defense (A&D;), Industrial, HealthTech, and Capital Equipment businesses. Its Capital Equipment business is comprised of its semiconductor, display, and robotics equipment businesses. The CCS segment consists of its communications and enterprise end markets. The enterprise end market is comprised of Celestica’s servers and storage businesses. It offers a range of product manufacturing and related supply chain services to customers in both of its segments, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining and others.

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Celestica Inc’s Stock Price as of Market Close

As of June 04, 2024, 4:00 PM, CST, Celestica Inc’s stock price was $52.71.

Celestica Inc is down 5.15% from its previous closing price of $55.57.

During the last market session, Celestica Inc’s stock traded between $54.65 and $57.12. Currently, there are 119.00 million shares of Celestica Inc stock available for purchase.

Celestica Inc’s price-earnings (P/E) ratio is currently at 20.7, which is low compared to the Electronic Equipment & Parts industry median of 23. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Celestica Inc Stock Price History

Celestica Inc’s (CLS) price is currently down 5.74% so far this month.

During the month of June, Celestica Inc’s stock price has reached a high of $57.12 and a low of $51.89.

Over the last year, Celestica Inc has hit prices as high as $61.06 and as low as $12.22. Year to date, Celestica Inc’s stock is up 367.7%.

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What Caused Celestica Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 03, 2024, there were 0 analysts who downgraded Celestica Inc’s stock and 5 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Celestica Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Celestica Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Celestica Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Celestica Inc (CLS) by visiting AAII Stock Evaluator.

Relative Price Strength of Celestica Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 03, 2024, Celestica Inc has a weighted four-quarter relative price strength of 33.86%, which translates to a Momentum Score of 96 and is considered to be Very Strong.

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Celestica Inc Stock Price: Bottom Line

As of June 4, 2024, Celestica Inc’s stock price is $52.71, which is down 5.15% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Celestica Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.