CEMEX S.A.B. de C.V. (NYSE:CX) saw an upside of 0.64% to close Tuesday at $7.92 after adding $0.05 on the day. The 5-day average trading volume is 6,474,680 shares of the company’s common stock. It has gained $7.93 in the past week and touched a new high 4 times within the past 5 days. An average of 6,753,000 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,909,308.
CX’s 1-month performance is 16.30% or $1.23 on its low of $6.66 reached on 07/10/23. The company’s shares have touched a 52-week low of $3.20 and high of $8.17, with the stock’s rally to the 52-week high happening on 07/27/23. YTD, CX has achieved 95.56% or $3.87 and has reached a new high 32 times. However, the current price is down -3.06% from the 52-week high price.
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Valuation Metrics
CX stock has a beta of 1.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.74 while the price-to-book (PB) in the most recent quarter is 0.95, with the price to cash flow ratio at 15.11.
CEMEX S.A.B. de C.V.’s quick ratio for the recent period was 0.30, with the current ratio over the same period at 0.90.. In terms of profitability, the gross margin trailing 12 months is 31.20%. The trailing 12-month EBITDA margin is 17.21%. The firm’s gross profit as reported stood at $4.82 billion against revenue of $15.58 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 12.24% to $858.0 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $613.9 million. CX stock balance sheet for the recent quarter shows that total liabilities totaled 15.5 billion, with total debt at $7.66 billion.
Let’s look briefly at CEMEX S.A.B. de C.V. (CX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 76.00% to suggest the stock is trending Overbought, with historical volatility in this time period at 20.48%.
The stock’s 5-day moving average is $7.70, reflecting a +3.66% or $0.28 change from its current price. CX is currently trading +13.79% above its 20-day SMA, +62.63% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +27.13% and SMA200 by+136.42%.
Stochastic %K and %D was 60.08% and 47.60% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 71.98%, while the 14-day stochastic is at 71.75% with the period’s ATR at 0.23. The stock’s 9-day MACD Oscillator is pointing at 0.15 and 0.23 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for CEMEX S.A.B. de C.V. (NYSE: CX), BofA Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock.
