So Far This Year, America Movil S.A.B. de C.V. (AMX) Reached A New High 3 times


At the last check on Friday, America Movil S.A.B. de C.V.’s (NYSE:AMX) stock was up $0.38, moving up 1.74 percent to $22.24. The average number of shares traded per day over the past five days has been 793,515 shares. 3 times new highs have been achieved over the past 5 days, with a $0.52 gain in that time frame. In the last twenty days, the average volume was 1,294,984, while in the previous 50 days, it was 1,104,188.

Since last month, AMX stock rose 5.35%. Shares of the company fell to $20.20 on 04/28/23, the lowest level in the past month. A 52-week high of $23.07 was reached on 05/16/23 after having rallying from a 52-week low of $15.34. Since the beginning of this year, AMX’s stock price has risen by 22.20% or $4.01, and marked a new high 22 times. However, the stock has declined by -3.60% since its 52-week high.

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Valuation Metrics

Right now, America Movil S.A.B. de C.V. (AMX) has a P/E ratio of about 15.15. The stock’s beta is 0.90. Besides these, the trailing price-to-sales (P/S) ratio of 1.49, the price-to-book (PB) ratio of 3.71.

The latest dividend of $0.3605 per share was paid out, remained unchanged from last year’s $0.3605.

Financial Health

In the three months ended March 30, America Movil S.A.B. de C.V.’s quick ratio stood at 0.60, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.26, and the total debt-to-equity ratio was 1.84. On the profitability front, the trailing twelve-month gross margin is 42.60% percent. Based on annual data, AMX earned $26.47 billion in gross profit and brought in $43.5 billion in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AMX’s revenue rose 4.45% during the quarter, while net income inched up to $43.5 billion. While analysts expected America Movil S.A.B. de C.V. to report $0.47 quarterly earnings, the actual figure was $0.51 per share, beating the consensus estimate by 8.50%. During the quarter, the company generated $2.37 billion in EBITDA. The liabilities of America Movil S.A.B. de C.V. were 63.47 billion at the end of its most recent quarter ended March 30, and its total debt was $662.97 billion.

Technical Picture

This quick technical analysis looks at America Movil S.A.B. de C.V.’s (AMX) price momentum. With a historical volatility rate of 39.84%, the RSI 9-day stood at 58.40% on 25 May.

With respect to its five-day moving average, the current America Movil S.A.B. de C.V. price is up by +2.40% percent or $0.52. At present, AMX shares trade +3.35% above its 20-day simple moving average and +21.37% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.35% above its SMA50 and +17.95% above its SMA200.

Stochastic coefficient K was 45.49% and Stochastic coefficient D was 34.24%, while ATR was 0.56. Given the Stochastic reading of 63.09% for the 14-day period, the RSI (14) reading has been calculated as 57.04%. As of today, the MACD Oscillator reading stands at -0.18, while the 14-day reading stands at -0.20.

Analyst Ratings

America Movil S.A.B. de C.V. (AMX) has been rated Overweight by analysts. According to 1 brokerage firm, AMX is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate America Movil S.A.B. de C.V. stock as buy, with 9 recommending it as overweight.

With a median target price of $416.11, the current consensus forecast for the stock is $320.83 – $520.00. Based on these forecasts, analysts predict America Movil S.A.B. de C.V. (AMX) will achieve an average price target of $406.79.


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