What Technical Indicators Show About CEMEX S.A.B. de C.V. (CX)?

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SNOW Stock

CEMEX S.A.B. de C.V. (NYSE:CX) traded with an addition of $0.06 to close at $4.17 on Thursday, an upside of 1.46 percent. An average of 2,233,415 shares of common stock have been traded in the last five days. There was a fall of -$0.02 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 4,163,549 shares traded, while the 50-day average volume stands at 4,211,217.

CX stock has decreased by -7.22% in the last month. The company shares reached their 1-month lowest point of $3.98 on 12/16/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $3.20 and a high of $6.93 in 52 weeks. It has reached a new high 2 times so far this year and lost -39.38% or -$2.61 in price. In spite of this, the price is down -39.83% from the 52-week high.

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Valuation Metrics

CEMEX S.A.B. de C.V. (CX) has a trailing price-to-earnings (P/E) ratio of 6.50. The stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.40, the price-to-book (PB) ratio at 0.57, and the price-to-cash flow ratio at 5.10.

Financial Health

The quick ratio of CEMEX S.A.B. de C.V. for the three months ended September 29 was 0.60, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.74 and a total debt to equity ratio of 0.78 for the quarter ending September 29. Its gross profit as reported stood at $4.67 billion compared to revenue of $14.55 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CEMEX S.A.B. de C.V.’s return on assets was 4.30%.

Earnings Surprise

For the three-month period that ended September 29, CEMEX S.A.B. de C.V. had $39.0 million in cash and short-term investments compared to $1.3 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $753.0 million in the quarter, while revenues were grew 294.82%. The analyst consensus anticipated CEMEX S.A.B. de C.V.’s latest quarter earnings to come in at $0.17 per share, but it turned out to be $0.18, a 5.90% surprise. For the quarter, EBITDA amounted to $350.68 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at CEMEX S.A.B. de C.V. (CX) price momentum. RSI 9-day as of the close on 28 December was 49.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.95%.

As of today, CX’s price is $4.16 -0.48% or -$0.02 from its 5-day moving average. CX is currently trading -8.75% lower than its 20-day SMA and -5.66% lower than its 100-day SMA. However, the stock’s current price level is +20.52% above the SMA50 and -15.24% below the SMA200.

The stochastic %K and %D were 45.05% and 53.15%, respectively, and the average true range (ATR) was 0.12. With the 14-day stochastic at 51.35% and the average true range at 0.13, the RSI (14) stands at 49.84%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at 0.01.

Analyst Ratings

Redburn launched coverage on CEMEX S.A.B. de C.V. (NYSE: CX) in its analyst report released on December 08, 2022. The firm assigned the stock a Neutral rating. The consensus rating for CEMEX S.A.B. de C.V. (CX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CX, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 13 others rate it as a “buy”.

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