The stock price of Cemex S.A.B. De C.V. ADR (NYSE: CX) has plunged by -2.96 when compared to previous closing price of 6.41, but the company has seen a -3.42% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-27 that CEMEX faced weather-related headwinds in key US and Mexico markets, causing significant volume drops, especially in the ready-mix category with a 9% decline. Despite significant weather-related and macroeconomic headwinds, CEMEX maintained positive growth through strategic pricing, strong execution, and efficient cost management, showing resilience amid industry challenges. CEMEX’s stock appears undervalued compared to peers, with lower price multiples despite steady performance, creating a strong buy opportunity.
Is It Worth Investing in Cemex S.A.B. De C.V. ADR (NYSE: CX) Right Now?
The price-to-earnings ratio for Cemex S.A.B. De C.V. ADR (NYSE: CX) is above average at 53.44x. The 36-month beta value for CX is also noteworthy at 1.48. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CX is 1.51B, and at present, short sellers hold a 0.40% of that float. The average trading volume of CX on September 30, 2024 was 11.41M shares.
CX’s Market Performance
CX stock saw an increase of -3.42% in the past week, with a monthly gain of 3.67% and a quarterly increase of -2.66%. The volatility ratio for the week is 3.17%, and the volatility levels for the last 30 days are 3.21% for Cemex S.A.B. De C.V. ADR (CX). The simple moving average for the last 20 days is 2.60% for CX stock, with a simple moving average of -15.34% for the last 200 days.
Analysts’ Opinion of CX
Many brokerage firms have already submitted their reports for CX stocks, with JP Morgan repeating the rating for CX by listing it as a “Overweight.” The predicted price for CX in the upcoming period, according to JP Morgan is $8 based on the research report published on August 21, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see CX reach a price target of $9. The rating they have provided for CX stocks is “Overweight” according to the report published on July 31st, 2024.
Goldman gave a rating of “Buy” to CX, setting the target price at $9 in the report published on July 10th of the current year.
CX Trading at -0.19% 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 -32.87% of loss for the given period.
Volatility was left at 3.21%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares surge +2.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.89% lower at present.
During the last 5 trading sessions, CX fell by -3.42%, which changed the moving average for the period of 200-days by -12.52% in comparison to the 20-day moving average, which settled at $6.07. In addition, Cemex S.A.B. De C.V. ADR saw -19.74% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CX starting from Saldana Madero Roger, who proposed sale 45,385 shares at the price of $6.73 back on Aug 16 ’24. After this action, Saldana Madero Roger now owns shares of Cemex S.A.B. De C.V. ADR, valued at $305,641 using the latest closing price.
VICENTE SAISO ALVA, the Vice President of Strategic Pl of Cemex S.A.B. De C.V. ADR, proposed sale 9,648 shares at $6.27 during a trade that took place back on Aug 07 ’24, which means that VICENTE SAISO ALVA is holding shares at $60,504 based on the most recent closing price.
Stock Fundamentals for CX
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.33 for the gross margin
The net margin for Cemex S.A.B. De C.V. ADR stands at 0.01. The total capital return value is set at 0.09. Equity return is now at value 1.58, with 0.68 for asset returns.
Based on Cemex S.A.B. De C.V. ADR (CX), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 3.78.
Currently, EBITDA for the company is 3.35 billion with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.95. The receivables turnover for the company is 6.83for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
In summary, Cemex S.A.B. De C.V. ADR (CX) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
