The stock of CEMEX S.A.B. de C.V. (NYSE:CX) increased by $0.12 on Monday to finish at $8.27, up 1.47 percent. The last five days have seen an average of 4,572,000 shares of common stock traded. 35 times new highs were reached in the current year, with a gain of $4.22. The average number of shares traded over the last 20 days was 6,011,055, while the average volume over the last 50 days totaled 5,865,982.
CX stock appreciated 7.82% since last month. On 08/03/23, the company’s shares reached a one-month low of $7.37. The stock touched a high of $8.25 on 08/28/23, after rallying from a low of $3.20 in 52 weeks. The price of CX stock has risen by 104.20% or $4.22 this year, reaching a new high 35 times. Still, the stock price is up 0.24% from the 52-week high.
Valuation Metrics
CEMEX S.A.B. de C.V. (CX) has a trailing price-to-earnings (P/E) ratio of 20.88. Beta for the stock is 1.42. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.78, and the price-to-cash flow ratio of 15.86.
Company paid $0.0496 per share in dividends, a decrease of -0.6% from $0.0499 last year. A $0.0003 dividend decrease was reported on Monday December 9 2019.
Financial Health
For the three months ended June 29, CEMEX S.A.B. de C.V.’s quick ratio was 0.30, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.60, and the total debt to equity ratio is 0.63. As far as profitability goes, gross margin for the trailing twelve months is 31.20% percent. Based on annual data, it had gross profit of $4.82 billion and revenue of $15.58 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 4.70% return on investment (ROI) in the past year.
Earnings Surprise
According to CEMEX S.A.B. de C.V.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $15.58 billion, while revenues rose by 6.61% to $0.0. It was predicted that CEMEX S.A.B. de C.V.’s quarterly earnings would be $0.18, but it ended up being $0.19, beating the consensus by -5.30%. EBITDA was $613.9 million for the quarter. At the end of CEMEX S.A.B. de C.V.’s most recent quarter ended June 29, its liabilities totaled 15.5 billion, while its total debt was $7.66 billion.
Technical Picture
Here’s a quick look at CEMEX S.A.B. de C.V.’s (CX) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 67.69%, suggesting the stock is Neutral, with a 32.99% historical volatility rate.
The stochastic %K and %D were 82.48% and 79.97% respectively, while the average true range (ATR) was 0.24. Based on the 14-day stochastic reading of 96.00%, the RSI (14) reading is 66.36%. On the 9-day MACD Oscillator, the stock is at 0.13, and the 14-day reading is at 0.17.
Analyst Ratings
CEMEX S.A.B. de C.V. (NYSE: CX) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned CEMEX S.A.B. de C.V. (CX) an Overweight rating. CX is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 13 others recommend it as a buy.
What is CX’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.70 and $12.00, with a median target price of $8.75. In analyzing these forecasts, the average price target given by analysts for CEMEX S.A.B. de C.V. (CX) is $8.73.
