Century Aluminum's stock is in a significant uptrend over the past year, with a 1-year price change of +119.48%. The current price of $43.94 sits at 49.5% of its 52-week range ($19.10 low to $70.43 high), indicating it has pulled back substantially from its highs but remains well above the lows. This positioning suggests the stock is in a corrective phase within a longer-term uptrend, potentially offering a value entry if the trend resumes. The 52-week high of $70.43 was reached in early June 2026, and the subsequent decline of 37.6% from that peak reflects a sharp reversal. Short-term momentum is decisively negative, with a 1-month price change of -19.45% and a 3-month change of -33.03%. This contrasts sharply with the 1-year gain, signaling a significant divergence. The relative strength versus the S&P 500 is also weak, with a 1-month relative strength of -20.05% and 3-month relative strength of -39.32%. The RSI is not provided, but the rapid decline suggests oversold conditions may be emerging. The stock's beta of 1.969 indicates it is nearly twice as volatile as the market, amplifying both upside and downside moves. Key support is at the 52-week low of $19.10, while resistance is at the 52-week high of $70.43. A breakdown below the recent June low of $44.50 could signal further downside toward $40, while a recovery above $50 would suggest stabilization. The high beta means the stock is likely to experience sharp moves in either direction, requiring careful risk management.

Revenue has shown modest growth, with the most recent quarter (Q1 2026) reporting $649.2 million, up 2.41% year-over-year from $633.9 million in Q1 2025. However, the multi-quarter trend reveals volatility: revenue ranged from $628.1 million (Q2 2025) to $649.2 million (Q1 2026), with no clear acceleration. The aluminum segment contributed $587.9 million and alumina $61.3 million, indicating aluminum is the primary driver. The growth rate is tepid, suggesting the investment case relies more on margin expansion and commodity price tailwinds than volume growth. Profitability has improved dramatically. Net income in Q1 2026 was $337.5 million, a massive swing from $29.7 million in Q1 2025, driven by a one-time gain of $242.7 million in other income. Gross margin expanded to 18.3% from 9.6% a year ago, reflecting higher aluminum prices and cost controls. However, operating income was only $86.1 million, implying core profitability is improving but not as dramatically as net income suggests. The company is now profitable, with trailing EPS of $3.41, compared to a loss in prior quarters. The balance sheet is healthy. Debt-to-equity is 0.66, and the current ratio is 1.97, indicating adequate liquidity. Free cash flow was negative $6.4 million in Q1 2026, but trailing twelve-month FCF is $27.3 million. The company generated $68.4 million in operating cash flow in Q1, but capital expenditures of $74.8 million consumed most of it. ROE is 5.06%, reflecting moderate returns on equity. The company does not pay dividends, retaining earnings for reinvestment.