As of Thursday close, America Movil S.A.B. de C.V.’s (NYSE:AMX) stock was up $0.85, moving up 4.56 percent to $19.48. The average number of shares traded per day over the past five days has been 3,235,820 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.67 fall in that time frame. In the last twenty days, the average volume was 1,947,905, while in the previous 50 days, it was 1,479,420.
Since last month, AMX stock retreated -7.24%. Shares of the company fell to $18.32 on 08/16/23, 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 7.03% or $1.28, and marked a new high 22 times. However, the stock has declined by -15.56% 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 11.19. The stock’s beta is 0.88. Besides these, the trailing price-to-sales (P/S) ratio of 1.31, the price-to-book (PB) ratio of 2.96.
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 June 29, 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 June 29 was 1.18, and the total debt-to-equity ratio was 1.74. 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 $0.41 quarterly earnings, the actual figure was $0.46 per share, beating the consensus estimate by 12.20%. During the quarter, the company generated $2.28 billion in EBITDA. The liabilities of America Movil S.A.B. de C.V. were 65.48 billion at the end of its most recent quarter ended June 29, and its total debt was $644.21 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 47.03%, the RSI 9-day stood at 43.62% on 17 August.
With respect to its five-day moving average, the current America Movil S.A.B. de C.V. price is down by -3.33% percent or -$0.67. At present, AMX shares trade -5.80% below its 20-day simple moving average and -5.94% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.96% below its SMA50 and +5.24% above its SMA200.
Stochastic coefficient K was 16.45% and Stochastic coefficient D was 9.74%, while ATR was 0.58. Given the Stochastic reading of 36.46% for the 14-day period, the RSI (14) reading has been calculated as 41.39%. As of today, the MACD Oscillator reading stands at -0.58, while the 14-day reading stands at -0.79.
Analyst Ratings
Citigroup upgraded its rating on America Movil S.A.B. de C.V. (NYSE: AMX) to a Buy in a note to investors on August 17, 2023. The analysts firm previously had a Neutral rating on the stock.
