Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE: FMX) has a higher price-to-earnings ratio of 22.15x compared to its average ratio, The 36-month beta value for FMX is at 0.92. 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 1.33% of that float. The average trading volume for FMX on October 24, 2024 was 655.77K shares.
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FMX) stock’s latest price update
Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE: FMX) has seen a decline in its stock price by -0.44 in relation to its previous close of 97.70. However, the company has experienced a 1.34% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-15 that MONTERREY, Mexico, Oct. 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 Third Quarter Conference Call that will be held on:
FMX’s Market Performance
Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX) has experienced a 1.34% rise in stock performance for the past week, with a -2.50% drop in the past month, and a -10.87% drop in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are at 1.68% for FMX. The simple moving average for the past 20 days is -0.89% for FMX’s stock, with a -15.64% simple moving average for the past 200 days.
Analysts’ Opinion of FMX
Many brokerage firms have already submitted their reports for FMX stocks, with JP Morgan repeating the rating for FMX by listing it as a “Neutral.” The predicted price for FMX in the upcoming period, according to JP Morgan is $109 based on the research report published on September 23, 2024 of the current year 2024.
HSBC Securities gave a rating of “Buy” to FMX, setting the target price at $152 in the report published on February 09th of the current year.
FMX Trading at -4.18% 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 -31.42% of loss for the given period.
Volatility was left at 1.68%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares sank -3.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.51% lower at present.
During the last 5 trading sessions, FMX rose by +1.34%, which changed the moving average for the period of 200-days by -23.81% in comparison to the 20-day moving average, which settled at $98.40. In addition, Fomento Economico Mexicano S.A.B. de C.V. ADR saw -24.54% 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:
- 0.09 for the present operating margin
- 0.41 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 10.93, with 3.97 for asset returns.
Based on Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is 2.89.
Currently, EBITDA for the company is 91.49 billion with net debt to EBITDA at 1.52. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 12.15for trailing twelve months and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
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.
