Cemex S.A.B. De C.V. ADR (NYSE:CX)’s traded shares stood at 10.76 million during the last session, with the company’s beta value hitting 1.48. At the close of trading, the stock’s price was $5.98, to imply a decrease of -0.66% or -$0.04 in intraday trading. The CX share’s 52-week high remains $9.27, putting it -55.02% down since that peak but still an impressive 8.03% since price per share fell to its 52-week low of $5.50. The company has a valuation of $9.04B, with an average of 7.31 million shares in intraday trading volume over the past 10 days and average of 11.33 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Cemex S.A.B. De C.V. ADR (CX), translating to a mean rating of 1.32. Of 3 analyst(s) looking at the stock, 0 analyst(s) give CX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.18.
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Cemex S.A.B. De C.V. ADR (NYSE:CX) trade information
After registering a -0.66% downside in the last session, Cemex S.A.B. De C.V. ADR (CX) has traded red over the past five days. The 5-day price performance for the stock is 0.17%, and -6.71% over 30 days. With these gigs, the year-to-date price performance is -22.84%. Short interest in Cemex S.A.B. De C.V. ADR (NYSE:CX) saw shorts transact 6.08 million shares and set a 0.45 days time to cover.
The extremes give us $5 and $11 for target low and target high price respectively. As such, CX has been trading -83.95% off suggested target high and 16.39% from its likely low.
Cemex S.A.B. De C.V. ADR (CX) estimates and forecasts
Looking at statistics comparing Cemex S.A.B. De C.V. ADR share performance against respective industry, we note that the company has outperformed competitors. Cemex S.A.B. De C.V. ADR (CX) shares are -27.69% down over the last 6 months, with its year-to-date growth rate higher than industry average at 516.67% against 0.80%. Revenue is forecast to grow 100.00% this quarter before jumping 146.70% for the next one. The rating firms project that company’s revenue will shrink -1.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 4.31B. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 4.2B.
CX Dividends
Cemex S.A.B. De C.V. ADR has its next earnings report out on 2024-Oct-28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 3.95%.
The next major institution holding the largest number of shares is FMR LLC with 20.78 million shares, or about 1.415% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $132.8 million.
We also have Fidelity Series Emerging Markets Opportunities Fund and Europacific Growth Fund as the top two Mutual Funds with the largest holdings of the Cemex S.A.B. De C.V. ADR (CX) shares. Going by data provided on Aug 31, 2024 , Fidelity Series Emerging Markets Opportunities Fund holds roughly 9.9 shares. This is just over 0.65% of the total shares, with a market valuation of $59.18 million. Data from the same date shows that the other fund manager holds a little less at 7.03, or 0.46% of the shares, all valued at about 42.07 million.
