Currently, there are 1.51B common shares owned by the public and among those 1.51B shares have been available to trade.
The company’s stock has a 5-day price change of -4.98% and -2.87% over the past three months. CX shares are trading -21.29% year to date (YTD), with the 12-month market performance down to -7.99% lower. It has a 12-month low price of $5.50 and touched a high of $9.27 over the same period. CX has an average intraday trading volume of 11.49 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.48%, -2.08%, and -16.93% respectively.
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Institutional ownership of Cemex S.A.B. De C.V. ADR (NYSE: CX) shares accounts for 27.07% of the company’s 1.51B shares outstanding.
It has a market capitalization of $9.22B and a beta (3y monthly) value of 1.48. The stock’s trailing 12-month PE ratio is 52.41, while the earnings-per-share (ttm) stands at $0.12. The company has a PEG of 3.85 and a Quick Ratio of 0.65 with the debt-to-equity ratio at 0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.11% over the week and 3.20% over the month.
Earnings per share for the fiscal year are expected to increase by 663.98%, and 10.39% over the next financial year. EPS should grow at an annualized rate of 13.60% over the next five years, compared to -17.84% over the past 5-year period.
Looking at the support for the CX, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on August 21, 2024, with the firm’s price target at $8. Barclays coverage for the Cemex S.A.B. De C.V. ADR (CX) stock in a research note released on July 31, 2024 offered a Overweight rating with a price target of $9. Goldman was of a view on July 10, 2024 that the stock is Buy, while RBC Capital Mkts gave the stock Underperform rating on May 14, 2024, issuing a price target of $9. BofA Securities on their part issued Neutral rating on April 24, 2024.
