28-Mar-2024
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Central Puerto announces 4Q2023 and Fiscal Year 2023 Results
ACCESSWIRE (Mon, 11-Mar 9:04 AM ET)
ACCESSWIRE (Mon, 26-Feb 3:10 PM ET)
Central Puerto SA is a private sector power generation company. It is mainly engaged in electric power generation and commercialization. The company is also involved in the natural gas distribution public sector service in the Cuyo and Centro regions in Argentina. The Group has three reporting segments: production of electric power from conventional sources, production of electric power from renewable sources and natural gas transport and distribution. The company derives maximum revenue from Electric Power Generation from conventional sources segment.
Central Puerto S.A. American Depositary Shares (Each Represents Ten Common Shares) trades on the NYSE stock market under the symbol CEPU.
As of March 28, 2024, CEPU stock price declined to $9.16 with 87,382 million shares trading.
CEPU has a beta of 1.19, meaning it tends to be more sensitive to market movements. CEPU has a correlation of 0.08 to the broad based SPY ETF.
CEPU has a market cap of $1.38 billion. This is considered a Small Cap stock.
Last quarter Central Puerto S.A. American Depositary Shares (Each Represents Ten Common Shares) reported $98 million in Revenue and $1.10 earnings per share. This fell short of revenue expectation by $-16 million and exceeded earnings estimates by $1.09.
In the last 3 years, CEPU stock traded as high as $9.84 and as low as $1.90.
The top ETF exchange traded funds that CEPU belongs to (by Net Assets): ARGT.
CEPU has outperformed the market in the last year with a price return of +72.9% while the SPY ETF gained +33.6%. However, in the short term, CEPU had mixed performance relative to the market. It has underperformed in the last 3 months, returning +3.7% vs +10.1% return in SPY. But in the last 2 weeks, CEPU shares have fared better than the market returning +15.8% compared to SPY +1.7%.
CEPU support price is $9.00 and resistance is $9.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CEPU stock will trade within this expected range on the day.