CEMEX, S.A.B. de C.V. (NYSE:CX) has a beta value of 1.43 and has seen 7,161,122 shares traded in the last trading session. The company, currently valued at $4.67 Billion, closed the last trade at $3.09 per share which meant it lost -$0.08 on the day or -2.52% during that session. The CX stock price is -41.42% off its 52-week high price of $4.37 and 49.84% above the 52-week low of $1.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.15 Million shares traded. The 3-month trading volume is 8.92 Million shares.
CEMEX, S.A.B. de C.V. (NYSE:CX) trade information
Despite being -2.52% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jul 28 when the CX stock price touched $3.19-3 or saw a rise of 3.13%. Year-to-date, CEMEX, S.A.B. de C.V. shares have moved -18.25%, while the 5-day performance has seen it change 9.19%. Over the past 30 days, the shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have changed 12.77%. Short interest in the company has seen 12.26 Million shares shorted with days to cover at 1.37.
CEMEX, S.A.B. de C.V. (CX) estimates and forecasts
Figures show that CEMEX, S.A.B. de C.V. shares have underperformed across the wider relevant industry. The company’s shares have lost -28.97% over the past 6 months, with this year growth rate of -83.33%, compared to -26.4% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -63.6% and 100% for the next quarter. Revenue growth from the last financial year stood is estimated to be -7.1%.
4 analysts offering their estimates for the company have set an average revenue estimate of $3.08 Billion for the current quarter. 4 have an estimated revenue figure of $2.97 Billion for the next quarter concluding in December 01, 2020. Year-ago sales stood $3.49 Billion and $3.26 Billion respectively for this quarter and the next, and analysts expect sales will grow by -11.8% for the current quarter and -8.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +15% over the past 5 years. Earnings growth for 2020 is a modest -87.9%.
CEMEX, S.A.B. de C.V. is expected to release its next earnings report in July, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.1 at a share yield of 3.51%.
CEMEX, S.A.B. de C.V. (NYSE:CX)’s Major holders
Insiders own 0.08% of the company shares, while shares held by institutions stand at 32.62% with a share float percentage of 32.64%. Investors are also buoyed by the number of investors in a company, with CEMEX, S.A.B. de C.V. having a total of 310 institutions that hold shares in the company. The top two institutional holders are Dodge & Cox Inc with over 106Million shares worth more than $224.72 Million. As of March 30, 2020, Dodge & Cox Inc held 7.02% of shares outstanding.
The other major institutional holder is Brandes Investment Partners L.P., with the holding of over 69.56 Million shares as of March 30, 2020. The firm’s total holdings are worth over $147.46 Million and represent 4.6% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox International Stock Fund and Fidelity Series Emerging Markets Opportunities Fund. As of March 30, 2020, the former fund manager holds about 5.59% shares in the company for having 84443126 shares of worth $179.02 Million while later fund manager owns 36.22 Million shares of worth $86.93 Million as of May 30, 2020, which makes it owner of about 2.4% of company’s outstanding stock.