While Cemex S.A.B. De C.V. ADR has underperformed by -2.39%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CX fell by -22.22%, with highs and lows ranging from $9.27 to $5.00, whereas the simple moving average fell by -24.12% in the last 200 days.
On October 29, 2024, JP Morgan Downgraded Cemex S.A.B. De C.V. ADR (NYSE: CX) to Neutral. A report published by RBC Capital Mkts on October 08, 2024, Upgraded its rating to ‘Sector Perform’ for CX. JP Morgan also rated CX shares as ‘Overweight’, setting a target price of $8 on the company’s shares in an initiating report dated August 21, 2024. Goldman initiated its ‘Buy’ rating for CX, as published in its report on July 10, 2024. RBC Capital Mkts’s report from May 14, 2024 suggests a price prediction of $9 for CX shares, giving the stock a ‘Underperform’ rating. BofA Securities also rated the stock as ‘Neutral’.
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Analysis of Cemex S.A.B. De C.V. ADR (CX)
Further, the quarter-over-quarter decrease in sales is -10.52%, showing a negative trend in the upcoming months.
Cemex S.A.B. De C.V. ADR’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 2.26% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.73, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and CX has an average volume of 12.04M. On a monthly basis, the volatility of the stock is set at 3.80%, whereas on a weekly basis, it is put at 4.67%, with a loss of -7.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.93, showing growth from the present price of $5.32, which can serve as yet another indication of whether CX is worth investing in or should be passed over.
How Do You Analyze Cemex S.A.B. De C.V. ADR Shares?
Building Materials giant Cemex S.A.B. De C.V. ADR (CX) is based in the Mexico and is one of the largest companies in the market. When comparing Cemex S.A.B. De C.V. ADR shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 17.36, there is a growth in quarterly earnings of 221.30%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 24.78% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CX shares are owned by institutional investors to the tune of 24.78% at present.
