CEMEX S.A.B. de C.V. [NYSE: CX] plunged by -$0.12 during the normal trading session on Monday and reaching a high of $5.28 during the day while it closed the day at $5.21. The company report on February 2, 2022 that CEMEX and Synhelion Achieve Breakthrough in Cement Production with Solar Energy.
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For the first time ever, CEMEX and Synhelion successfully connected the clinker production process with the Synhelion solar receiver, producing solar clinker.
This revolutionary innovation is an initial step to develop fully solar-driven cement plants.
CEMEX S.A.B. de C.V. stock has also gained 0.19% of its value over the past 7 days. However, CX stock has declined by -22.93% in the 3 months of the year. Over the past six months meanwhile, it has lost -30.63% and lost -23.16% year-on date.
The market cap for CX stock reached $7.83 billion, with 1.47 billion shares outstanding and 461.45 million shares in the current float. Compared to the average trading volume of 8.88M shares, CX reached a trading volume of 6790761 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about CEMEX S.A.B. de C.V. [CX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CX shares is $8.53 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CX stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for CEMEX S.A.B. de C.V. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 23, 2022. While these analysts kept the previous recommendation, Citigroup dropped their target price from $9.80 to $9.30. The new note on the price target was released on October 11, 2021, representing the official price target for CEMEX S.A.B. de C.V. stock. Previously, the target price had yet another raise to $10, while Berenberg analysts kept a Buy rating on CX stock.
The Average True Range (ATR) for CEMEX S.A.B. de C.V. is set at 0.21, with the Price to Sales ratio for CX stock in the period of the last 12 months amounting to 0.53. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 0.72. Price to Free Cash Flow for CX in the course of the last twelve months was 3.25 with Quick ratio for the last quarter at 0.60.
CX stock trade performance evaluation
CEMEX S.A.B. de C.V. [CX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.19. With this latest performance, CX shares gained by 1.36% in over the last four-week period, additionally sinking by -30.63% over the last 6 months – not to mention a drop of -22.24% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CX stock in for the last two-week period is set at 49.55, with the RSI for the last a single of trading hit 52.89, and the three-weeks RSI is set at 47.15 for CEMEX S.A.B. de C.V. [CX]. The present Moving Average for the last 50 days of trading for this stock 5.51, while it was recorded at 5.25 for the last single week of trading, and 6.81 for the last 200 days.
CEMEX S.A.B. de C.V. [CX]: An insightful look at the core fundamentals
CEMEX S.A.B. de C.V.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.90.
Earnings per share (EPS) analysis for CEMEX S.A.B. de C.V. [CX] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CEMEX S.A.B. de C.V. go to 33.20%.
CEMEX S.A.B. de C.V. [CX]: Insider Ownership positions
There are presently around $2,646 million, or 35.00% of CX stock, in the hands of institutional investors. The top three institutional holders of CX stocks are: FMR LLC with ownership of 65,999,757, which is approximately 6.042% of the company’s market cap and around 60.00% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 43,309,918 shares of the stock with an approximate value of $230.84 million in CX stocks shares; and TT INTERNATIONAL, currently with $170.74 million in CX stock with ownership of nearly 20.741% of the company’s market capitalization.
Positions in CEMEX S.A.B. de C.V. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 113 institutional holders increased their position in CEMEX S.A.B. de C.V. [NYSE:CX] by around 64,511,286 shares. Additionally, 165 investors decreased positions by around 88,174,501 shares, while 34 investors held positions by with 343,738,517 shares. The mentioned changes placed institutional holdings at 496,424,304 shares, according to the latest SEC report filing. CX stock had 46 new institutional investments in for a total of 22,897,097 shares, while 61 institutional investors sold positions of 25,209,517 shares during the same period.