The stock of Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE: FMX) has decreased by -2.68 when compared to last closing price of 89.30. Despite this, the company has experienced a -6.30% fall in its stock price over the last five trading sessions. zacks.com reported 2024-11-05 that FMX sells its refrigeration and food service operations to Mill Point Capital, aiming to enhance long-term value by focusing on core business areas.
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 price-to-earnings ratio that is above its average at 23.70x. The stock has a 36-month beta value of 0.91. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for FMX is 214.84M, and at present, short sellers hold a 1.05% of that float. On November 21, 2024, the average trading volume of FMX was 665.44K shares.
FMX’s Market Performance
The stock of Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX) has seen a -6.30% decrease in the past week, with a -11.32% drop in the past month, and a -18.46% fall in the past quarter. The volatility ratio for the week is 2.12%, and the volatility levels for the past 30 days are at 2.26% for FMX. The simple moving average for the last 20 days is -8.14% for FMX stock, with a simple moving average of -22.15% for the last 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 -10.85% 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 -38.72% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares sank -11.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.26% lower at present.
During the last 5 trading sessions, FMX fell by -6.30%, which changed the moving average for the period of 200-days by -37.61% in comparison to the 20-day moving average, which settled at $94.61. In addition, Fomento Economico Mexicano S.A.B. de C.V. ADR saw -32.57% 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 0.03. The total capital return value is set at 0.1. Equity return is now at value 10.28, with 3.68 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 0.48. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 2.79.
Currently, EBITDA for the company is 109.03 billion with net debt to EBITDA at 1.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 17.77for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
To sum up, Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
