CEMEX S.A.B. de C.V. (NYSE:CX) traded at $3.56 at close of the session on Tuesday, 09/20/22, made a downward move of -4.04% on its previous day’s price.
Looking at the stock we see that its previous close was $3.71 and the beta (5Y monthly) reads 1.12 with the day’s price range being $3.52 – $3.6601. The company has a trailing 12-month PE ratio of 16.41. In terms of its 52-week price range, CX has a high of $7.57 and a low of $3.22. The company’s stock has lost about -16.63% over that past 30 days.
CEMEX S.A.B. de C.V. has a market cap of $5.40 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.19, with the EPS growth for the year raised at $0.84 for 2021 and $0.77 for next year. These figures represent 193.30% and -8.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.73 billion, with a low of $3.56 billion and a high of $3.86 billion. The median projection represents growth squeezing down to 26.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $14.64 billion, or 12.90% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CX stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the CX stock currently stands at 0.49, and the current price level is -8.87% off its SMA20 and -12.19% from its 50-day simple moving average. The RSI (14) is pointing at 35.39 while the volatility over the past week is 4.13% and jumps to 4.03% over the past one month. The beta value is 1.31, while the average true range (ATR) is currently pointing at 0.16. The average price target for the stock over the next 12 months is $6.77, with the estimates having a low of $4.00 and a high of $10.00. These price ends are -12.36% and -180.9% off the current price level respectively, although investors could be excited at the prospect of a -82.58% if the CX share price touches on the median price of $6.50.
Let’s briefly compare CEMEX S.A.B. de C.V. (CX) stock to its peers. We find that current price change of -4.04% and -49.36% over the past 12 months for CX competes that of CRH plc (CRH), which has seen its stock price fall -4.27% in the last trading session and was -29.57% over the last one year. Another of its peers Vulcan Materials Company (VMC) has dropped -0.48% previous session, and was -4.27% down over the past year. CEMEX S.A.B. de C.V. has a P/E ratio of 16.41 compared to CRH plc’s 10.30 and Vulcan Materials Company’s 35.53. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -1.13% and -1.01%, respectively, at close of the trading.
Coming back to CEMEX S.A.B. de C.V. (NYSE:CX), we note that the average 3-month trading volume was 4.35 million, while that of the preceding 10-day period stands at 3.84 million. Current shares outstanding are 1.45 billion.
The insiders hold 60.00% of the company’s shares while institutions hold 31.00%. The data shows that short shares as of Jul 14, 2022, stood at 9.16 million at a short ratio of 1.15. This represents a 0.62% short interest in shares outstanding on Jul 14, 2022. Shares short rose in July from the previous month at 6.73 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -47.49% down in year-to-date price movement.