Cemex S.A.B. De C.V. ADR (NYSE:CX) shares, rose in value on Friday, April 26, with the stock price up by 1.10% to the previous day’s close as strong demand from buyers drove the stock to $8.27.
Actively observing the price movement in the recent trading, the stock is buoying the session at $8.18. The PE ratio was 57.43 over 12-month period. Referring to stock’s 52-week performance, its high was $9.27, and the low was $5.67. On the whole, CX has fluctuated by -6.55% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 17.99B, with a low estimate of 4.12B and a high estimate of 4.31B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.21B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CX’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 4.22, with the price of CX currently trading nearly -3.38% and -0.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.61, while the 7-day volatility ratio is showing 3.90% which for the 30-day chart, stands at 3.08%. Furthermore, Cemex S.A.B. De C.V. ADR (CX)’s beta value is 1.49, and its average true range (ATR) is 0.26.
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 1.10% in today’s session so far, and over the past year, it grew by 42.83%%.
Data on historical trading for Cemex S.A.B. De C.V. ADR (NYSE:CX) indicates that the trading volumes over the past 3 months, they’ve averaged 7.05 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 28.87% of the company’s shares. The stock has risen by 6.71% 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.
