The stock of Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX) has seen a -4.63% decrease in the past week, with a -4.82% drop in the past month, and a -9.81% decrease in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 1.85% for FMX. The simple moving average for the last 20 days is -6.02% for FMX’s stock, with a simple moving average of -0.76% for the last 200 days.
Is It Worth Investing in Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE: FMX) Right Now?
Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE: FMX) has a higher price-to-earnings ratio of 11.85x compared to its average ratio, The 36-month beta value for FMX is at 0.93. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for FMX is 214.84M, and currently, shorts hold a 0.72% of that float. The average trading volume for FMX on April 19, 2024 was 695.96K shares.
FMX) stock’s latest price update
Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE: FMX)’s stock price has soared by 0.11 in relation to previous closing price of 118.94. Nevertheless, the company has seen a loss of -4.63% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-15 that MONTERREY, Mexico, April 15, 2024 (GLOBE NEWSWIRE) — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its First Quarter Conference Call that will be held on:
Analysts’ Opinion of FMX
HSBC Securities, on the other hand, stated in their research note that they expect to see FMX reach a price target of $152, previously predicting the price at $124. The rating they have provided for FMX stocks is “Buy” according to the report published on February 09th, 2024.
FMX Trading at -6.92% from the 50-Day Moving Average
After a stumble in the market that brought FMX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.67% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares sank -7.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.53% lower at present.
During the last 5 trading sessions, FMX fell by -4.99%, which changed the moving average for the period of 200-days by +6.31% in comparison to the 20-day moving average, which settled at $126.68. In addition, Fomento Economico Mexicano S.A.B. de C.V. ADR saw -8.31% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FMX
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.39 for the gross margin
The net margin for Fomento Economico Mexicano S.A.B. de C.V. ADR stands at 0.04. The total capital return value is set at 0.1. Equity return is now at value 12.06, with 4.28 for asset returns.
Based on Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 3.72.
Currently, EBITDA for the company is 91.49 billion with net debt to EBITDA at 0.78. When we switch over and look at the enterprise to sales, we see a ratio of 0.69. The receivables turnover for the company is 9.59for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.95.
Conclusion
In conclusion, Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
