As of Wednesday close, CEMEX S.A.B. de C.V.’s (NYSE:CX) stock traded at $7.12. The average number of shares traded per day over the past five days has been 10,298,900 shares. 4 times new highs have been achieved over the past 5 days, with a $0.23 gain in that time frame. In the last twenty days, the average volume was 8,692,305, while in the previous 50 days, it was 7,442,396.
Since last month, CX stock retreated -10.55%. Shares of the company fell to $6.71 on 09/15/23, the lowest level in the past month. A 52-week high of $8.46 was reached on 08/30/23 after having rallying from a 52-week low of $3.20. Since the beginning of this year, CX’s stock price has risen by 75.80% or $3.07, and marked a new high 37 times. However, the stock has declined by -15.84% since its 52-week high.
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Valuation Metrics
Right now, CEMEX S.A.B. de C.V. (CX) has a P/E ratio of about 17.98. The stock’s beta is 1.45.
The latest dividend of $0.0496 per share was paid out, which is -0.6% less than last year’s $0.0499.
Financial Health
In the three months ended June 29, CEMEX S.A.B. de C.V.’s quick ratio stood at 0.30, while its current ratio was 0.90, 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 0.60, and the total debt-to-equity ratio was 0.63. On the profitability front, the trailing twelve-month gross margin is 31.20% percent. Based on annual data, CX earned $4.82 billion in gross profit and brought in $15.58 billion in revenue.
In CEMEX S.A.B. de C.V.’s quarter-end financial report for June 29, it reported total debt of $1.06 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CX’s revenue rose 6.61% during the quarter, while net income inched up to $15.58 billion. While analysts expected CEMEX S.A.B. de C.V. to report $0.19 quarterly earnings, the actual figure was $0.18 per share, beating the consensus estimate by -5.30%. During the quarter, the company generated $613.9 million in EBITDA. The liabilities of CEMEX S.A.B. de C.V. were 15.5 billion at the end of its most recent quarter ended June 29, and its total debt was $7.66 billion.
Technical Picture
This quick technical analysis looks at CEMEX S.A.B. de C.V.’s (CX) price momentum. With a historical volatility rate of 24.70%, the RSI 9-day stood at 39.93% on 20 September.
With respect to its five-day moving average, the current CEMEX S.A.B. de C.V. price is up by +3.34% percent or $0.23. At present, CX shares trade -11.66% below its 20-day simple moving average and +20.88% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.30% above its SMA50 and +58.57% above its SMA200.
Stochastic coefficient K was 20.35% and Stochastic coefficient D was 14.04%, while ATR was 0.23. Given the Stochastic reading of 24.48% for the 14-day period, the RSI (14) reading has been calculated as 40.21%. As of today, the MACD Oscillator reading stands at 0.07, while the 14-day reading stands at -0.20.
Analyst Ratings
CEMEX S.A.B. de C.V. downgraded its rating on CEMEX S.A.B. de C.V. (NYSE: CX) to a Neutral in a note to investors on May 15, 2023. The analysts firm previously had a Buy rating on the stock.CEMEX S.A.B. de C.V. (CX) has been rated Overweight by analysts. According to 0 brokerage firms, CX is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate CEMEX S.A.B. de C.V. stock as buy, with 13 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $5.70 – $12.00. Based on these forecasts, analysts predict CEMEX S.A.B. de C.V. (CX) will achieve an average price target of $9.26.
