Cemex S.A.B. De C.V. ADR (NYSE:CX) shares, rose in value, with the stock price down by -0.34% to the previous day’s close as strong demand from buyers drove the stock to $8.80.
Actively observing the price movement in the last trading, the stock closed the session at $8.83. The PE ratio was 71.20 over 12-month period. Referring to stock’s 52-week performance, its high was $9.27, and the low was $5.18. On the whole, CX has fluctuated by 11.96% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.13, which is expected to increase to $0.24 for fiscal year $0.73 and then to about $0.93 by fiscal year 2025. Data indicates that the EPS growth is expected to be 508.30% in 2025, while the next year’s EPS growth is forecast to be 27.40%.
Analysts have estimated the company’s revenue for the quarter at $4.11 billion, with a low estimate of $4.1 billion and a high estimate of $4.12 billion. According to the average forecast, sales growth in current quarter could jump up 4.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $17.95 billion, representing an increase of 3.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.24, with the price of CX currently trading nearly 3.30% and 7.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.66, while the 7-day volatility ratio is showing 2.77% which for the 30-day chart, stands at 2.50%. Furthermore, Cemex S.A.B. De C.V. ADR (CX)’s beta value is 1.48, and its average true range (ATR) is 0.22.
A comparison of Cemex S.A.B. De C.V. ADR (CX) with its peers suggests the former has fared considerably weaker in the market. CX showed an intraday change of -0.34% in last session, and over the past year, it grew by 62.96%%.
Data on historical trading for Cemex S.A.B. De C.V. ADR (NYSE:CX) indicates that the trading volumes over the past 10 days have averaged 10.62 million and over the past 3 months, they’ve averaged 6.94 million. According to company’s latest data on outstanding shares, there are 1.51 billion shares outstanding.
Nearly 0.00% of Cemex S.A.B. De C.V. ADR’s shares belong to company insiders and institutional investors own 29.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.36 million shares as on Mar 15, 2024, resulting in a short ratio of 1.07. According to the data, the short interest in Cemex S.A.B. De C.V. ADR (CX) stood at 0.44% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 4.71 million. The stock has risen by 13.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CX stock heading into the next quarter.
