Cemex S.A.B. De C.V. ADR (NYSE:CX) has a beta value of 1.48 and has seen 4.7 million shares traded in the last trading session. The company, currently valued at $13.24B, closed the last trade at $8.76 per share which meant it lost -$0.11 on the day or -1.24% during that session. The CX stock price is -5.82% off its 52-week high price of $9.27 and 40.75% above the 52-week low of $5.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.48 million shares traded. The 3-month trading volume is 6.98 million shares.
Cemex S.A.B. De C.V. ADR (NYSE:CX) trade information
Sporting -1.24% in the red in last session, the stock has traded in the red over the last five days, when the CX stock price touched $8.76 or saw a rise of 5.5%. Year-to-date, Cemex S.A.B. De C.V. ADR shares have moved 13.03%, while the 5-day performance has seen it change -2.88%. Over the past 30 days, the shares of Cemex S.A.B. De C.V. ADR (NYSE:CX) have changed 10.75%. Short interest in the company has seen 5.75 million shares shorted with days to cover at 1.07.
Cemex S.A.B. De C.V. ADR (CX) estimates and forecasts
Figures show that Cemex S.A.B. De C.V. ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 50.77% over the past 6 months, with this year growth rate of 683.33%, compared to 4.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -13.30% and 11.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 3.10%.
2 analysts offering their estimates for the company have set an average revenue estimate of $4.11 billion for the current quarter. 2 have an estimated revenue figure of $4.7 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $3.92 billion and $4.37 billion respectively for this quarter and the next, and analysts expect sales will grow by 4.80% for the current quarter and 7.60% 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 -17.84% over the past 5 years. Earnings growth for 2024 is a modest 2480.75% while over the next 5 years, the company’s earnings are expected to increase by 13.60%.
CX Dividends
Cemex S.A.B. De C.V. ADR is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cemex S.A.B. De C.V. ADR (NYSE:CX)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 30.49% with a share float percentage of 30.49%. Investors are also buoyed by the number of investors in a company, with Cemex S.A.B. De C.V. ADR having a total of 398 institutions that hold shares in the company. The top two institutional holders are Baillie Gifford and Company with over 73.17 million shares worth more than $518.02 million. As of Jun 29, 2023, Baillie Gifford and Company held 4.83% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 52.14 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $369.12 million and represent 3.44% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Series Emerging Markets Opportunities Fund and Europacific Growth Fund. As of Aug 30, 2023, the former fund manager holds about 1.34% shares in the company for having 20.3 million shares of worth $161.81 million while later fund manager owns 18.78 million shares of worth $132.94 million as of Jun 29, 2023, which makes it owner of about 1.24% of company’s outstanding stock.
