Cemex S.A.B. De C.V. ADR (CX) Shares Soar Above 1-Year High

Cemex S.A.B. De C.V. ADR (NYSE: CX)’s stock price has gone rise by 7.79 in comparison to its previous close of 10.56, however, the company has experienced a -7.92% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-12 that Investors looking for stocks in the Building Products – Concrete and Aggregates sector might want to consider either Cemex (CX) or Martin Marietta (MLM). But which of these two companies is the best option for those looking for undervalued stocks?

Is It Worth Investing in Cemex S.A.B. De C.V. ADR (NYSE: CX) Right Now?

Cemex S.A.B. De C.V. ADR (NYSE: CX) has a higher price-to-earnings ratio of 58.97x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.47.

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The public float for CX is 1.51B, and currently, short sellers hold a 0.35% ratio of that float. The average trading volume of CX on February 13, 2024 was 0.74 shares.

CX’s Market Performance

The stock of Cemex S.A.B. De C.V. ADR (CX) has seen a -7.92% decrease in the past week, with a -0.51% drop in the past month, and a 14.22% gain in the past quarter. The volatility ratio for the week is 5.01%, and the volatility levels for the past 30 days are at 3.32% for CX.. The simple moving average for the past 20 days is -92.18% for CX’s stock, with a Feb 08 BMO simple moving average for the past 200 days.

Analysts’ Opinion of CX

Many brokerage firms have already submitted their reports for CX stocks, with Barclays repeating the rating for CX by listing it as a “Equal Weight.” The predicted price for CX in the upcoming period, according to Barclays is $9 based on the research report published on February 09, 2024 of the current year 2024.

CX Trading at 9.69% 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 -11.57% of loss for the given period.

Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 5.01%, as shares sank -0.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.41% upper at present.

During the last 5 trading sessions, CX fell by -7.92%, which changed the moving average for the period of 200-days by +34.54% in comparison to the 20-day moving average, which settled at $8.00. In addition, Cemex S.A.B. De C.V. ADR saw 0.52% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CX

Equity return is now at value 1.78, with 0.65 for asset returns.

Conclusion

To put it simply, Cemex S.A.B. De C.V. ADR (CX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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