This Is What Constellium SE (CSTM) Investors Need To Do

The stock of Constellium SE (NYSE:CSTM) has been Upgraded to Buy from Hold by Societe Generale in its latest research note that was published on October 30. Jefferies, analysts launched coverage of CSTM stock with a Buy rating, according to their flash note to investors on July 16. Analysts at Seaport Global Securities issued an upgrade fromNeutral to Buy for the stock, in a research note that dated back to April 27.

Constellium’s stock is covered by 8 analysts, with 2 of them rating the stock as Buy. It has been deemed to have strong buy by 5 of the analysts, 1 of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 2 analysts. 5 of them rated it as strong buy with 1 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that CSTM has an average analyst rating of 1.88.

Constellium SE, which has current market capitalization of above $2 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $1538 million in revenue. This figure is $1 million more than what analysts had expected which was $1539 million. During the first quarter of the year, Constellium also recorded $0.11 earnings per share (EPS) which is $0.17 above the $0.28 estimated by Thomson Reuter’s analyst, leading to a surprise factor of 61.4%.

CSTM surged by $0.54 during the normal trading session on Tuesday and reaching a high of $12.02 during the day while it closed the day at $11.85. The Constellium stock had a low trading volume of 1.19 million shares on that day, which is low compared to the average daily volume of 994.14M shares. CSTM has also gained 4.04% of its value over the past 7 days. However, the stock has surged by 30.08% in the 3 months of the year. Over the past six months meanwhile, it has gained 32.55% while it has added 69.53% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -8.42% from its 3 months high price. However, taking another look at CSTM will indicate that it is trading +46.12% away from its 90-day low. Looking at the bigger picture, the Constellium SE stock has dropped by -8.42% from its 52-week high while it has surged by +89.3% from its 52-week low price.