Cemex S.A.B. De C.V. ADR (NYSE: CX) Loses -44.20% From High. Why That Could Change?

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 -5.31% and -15.66% over the past three months. CX shares are trading -33.29% year to date (YTD), with the 12-month market performance down to -19.60% lower. It has a 12-month low price of $5.17 and touched a high of $9.27 over the same period. CX has an average intraday trading volume of 11.41 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 -10.36%, -12.91%, and -27.11% respectively.

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Institutional ownership of Cemex S.A.B. De C.V. ADR (NYSE: CX) shares accounts for 25.64% of the company’s 1.51B shares outstanding.

It has a market capitalization of $7.82B and a beta (3y monthly) value of 1.50. The stock’s trailing 12-month PE ratio is 16.87, while the earnings-per-share (ttm) stands at $0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.14% over the week and 2.74% over the month.

Earnings per share for the fiscal year are expected to increase by 606.88%, and 6.22% over the next financial year.

Looking at the support for the CX, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on October 29, 2024, with the firm’s price target at $7-$6. RBC Capital Mkts coverage for the Cemex S.A.B. De C.V. ADR (CX) stock in a research note released on October 08, 2024 offered a Sector Perform rating with a price target of $6.50. JP Morgan was of a view on August 21, 2024 that the stock is Overweight, while Barclays gave the stock Overweight rating on July 31, 2024, issuing a price target of $9. Goldman on their part issued Buy rating on July 10, 2024.

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