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Is a Correction Looming Ahead for CEMEX S.A.B. de C.V. (CX)

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CEMEX S.A.B. de C.V. (NYSE:CX) went down by -2.75% from its latest closing price compared to the recent 1-year high of $9.09. The company’s stock price has collected -4.64% of loss in the last five trading sessions. Press Release reported on 12/15/21 that Ansys Fuels Carbon-Free Transportation with Synhelion

Is It Worth Investing in CEMEX S.A.B. de C.V. (NYSE :CX) Right Now?

CEMEX S.A.B. de C.V. (NYSE:CX) scored a price-to-earnings ratio above its average ratio, recording 14.81 x from its present earnings ratio. Plus, the 36-month beta value for CX is at 1.24. Opinions of the stock are interesting as 19 analysts out of 22 who provided ratings for CEMEX S.A.B. de C.V. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $9.70, which is $3.72 above the current price. CX currently public float of 1.45B and currently shorts hold a 0.36% ratio of that float. Today, the average trading volume of CX was 7.70M shares.

CX’s Market Performance

CX stocks went down by -4.64% for the week, with a monthly jump of 6.52% and a quarterly performance of -4.35%, while its annual performance rate touched 12.94%. The volatility ratio for the week stands at 3.07% while the volatility levels for the past 30 days are set at 2.84% for CEMEX S.A.B. de C.V.. The simple moving average for the period of the last 20 days is -2.11% for CX stocks with a simple moving average of -14.13% for the last 200 days.

Analysts’ Opinion of CX

Many brokerage firms have already submitted their reports for CX stocks, with Citigroup repeating the rating for CX by listing it as a “Buy.” The predicted price for CX in the upcoming period, according to Citigroup is $9.30 based on the research report published on October 11th of the previous year 2021.

Berenberg, on the other hand, stated in their research note that they expect to see CX reach a price target of $10. The rating they have provided for CX stocks is “Buy” according to the report published on June 15th, 2021.

Exane BNP Paribas gave a rating of “Outperform” to CX, setting the target price at $9.50 in the report published on April 23rd of the previous year.

CX Trading at -0.22% from the 50-Day Moving Average

After a stumble in the market that brought CX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.92% of loss for the given period.

Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares surge +5.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.48% lower at present.

During the last 5 trading sessions, CX fell by -4.64%, which changed the moving average for the period of 200-days by -5.07% in comparison to the 20-day moving average, which settled at $6.52. In addition, CEMEX S.A.B. de C.V. saw -6.05% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for CX

Current profitability levels for the company are sitting at:

  • +10.35 for the present operating margin
  • +30.71 for the gross margin

The net margin for CEMEX S.A.B. de C.V. stands at -10.39. The total capital return value is set at 6.97, while invested capital returns managed to touch -7.89. Equity return is now at value 6.90, with 2.30 for asset returns.

Based on CEMEX S.A.B. de C.V. (CX), the company’s capital structure generated 138.51 points at debt to equity in total, while total debt to capital is 58.07. Total debt to assets is 40.78, with long-term debt to equity ratio resting at 125.41. Finally, the long-term debt to capital ratio is 52.58.

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When we switch over and look at the enterprise to sales, we see a ratio of 1.38, with the company’s debt to enterprise value settled at 0.60. The receivables turnover for the company is 7.45 and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.

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