In today’s recent session, 2.98 million shares of the Cemex S.A.B. De C.V. ADR (NYSE:CX) have been traded, and its beta is 1.50. Most recently the company’s share price was $5.51, and it changed around -$0.22 or -3.75% from the last close, which brings the market valuation of the company to $8.34B. CX at last check was trading at a discount to its 52-week high of $9.27, offering almost -68.24% off that amount. The share price’s 52-week low was $5.00, which indicates that the recent value has risen by an impressive 9.26% since then. We note from Cemex S.A.B. De C.V. ADR’s average daily trading volume that its 10-day average is 7.64 million shares, with the 3-month average coming to 10.52 million.
Cemex S.A.B. De C.V. ADR stock received a consensus recommendation rating of Overweight, based on a mean score of 1.72. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 5 recommended CX as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Cemex S.A.B. De C.V. ADR is expected to report earnings per share of 0 for the current quarter.
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Cemex S.A.B. De C.V. ADR (NYSE:CX) trade information
Instantly CX has been showing red trend so far today with a performance of -3.75% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.93 on recent trading dayincreased the stock’s daily price by 7.08%. The company’s shares are currently down -28.84% year-to-date, but still down -4.25% over the last five days. On the other hand, Cemex S.A.B. De C.V. ADR (NYSE:CX) is -2.39% down in the 30-day period. We can see from the shorts that 7.29 million shares have been sold at a short interest cover period of 0.72 day(s).
The consensus price target as assigned by Wall Street analysts is $8.9, which translates to bulls needing to increase their stock price by 38.09% from its current value. Analyst projections state that CX is forecast to be at a low of $6 and a high of $9.
Cemex S.A.B. De C.V. ADR (CX) estimates and forecasts
Cemex S.A.B. De C.V. ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -16.69 percent over the past six months and at a 475.00% annual growth rate that is well above the industry average of 2.40%. The year-over-year growth rate is expected to be -2.72%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 3.99B in revenue for the current quarter. 1 analysts expect Cemex S.A.B. De C.V. ADR to make 3.79B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.24B and 4.14B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.08%. Forecasts for the next quarter put sales growth at -8.44%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -17.84%.
CX Dividends
Cemex S.A.B. De C.V. ADR’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 1.12 percent and its annual dividend per share was 0.06. It is important to note, however, that the 1.12% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.95 per year.
Cemex S.A.B. De C.V. ADR (NYSE:CX)’s Major holders
FMR LLC, with 1.415% or 20.78 million shares worth $132.8 million as of 2024-06-30, holds the second largest percentage of outstanding shares.