Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE: FMX) is -0.06% lower on its value in year-to-date trading and has touched a low of $91.28 and a high of $143.43 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FMX stock was last observed hovering at around $130.25 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $130.27, the stock is 3.67% and -0.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.33 million and changing 0.02% at the moment leaves the stock 9.19% off its SMA200. FMX registered 39.91% gain for a year compared to 6-month gain of 21.83%. The firm has a 50-day simple moving average (SMA 50) of $0.33 and a 200-day simple moving average (SMA200) of $3.15.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 4.96% loss in the last 1 month and extending the period to 3 months gives it a -0.77%, and is -0.08% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.37% over the week and 2.03% over the month.
Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX) has around 392968 employees, a market worth around $27.99B and $41.19B in sales. Current P/E ratio is 12.97 and Fwd P/E is 20.28. Profit margin for the company is 8.73%. Distance from 52-week low is 42.71% and -9.18% from its 52-week high. The company has generated returns on investments over the last 12 months (11.80%).
Fomento Economico Mexicano S.A.B. de C.V. ADR quarterly earnings per share for the current quarter are estimated at $1.61 with sales reaching $10.82B over the same period.The EPS is expected to grow by 6.96% this year, but quarterly earnings will post 18.30% year-over-year. Quarterly sales are estimated to grow 14.10% in year-over-year returns.
458 institutions hold shares in Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX), with institutional investors hold 34.93% of the company’s shares. The shares outstanding are 216.12M, and float is at 214.84M with Short Float at 0.50%. Institutions hold 34.93% of the Float.
The top institutional shareholder in the company is First Eagle Investment Management, LLC with over 10.96 million shares valued at $1.22 billion. The investor’s holdings represent 5.07% of the FMX Shares outstanding. As of Jun 29, 2023, the second largest holder is Harding Loevner LLC with 8.59 million shares valued at $952.56 million to account for 3.98% of the shares outstanding. The other top investors are Royal Bank of Canada which holds 4.89 million shares representing 2.26% and valued at over $542.35 million, while Schroder Investment Management Group holds 1.94% of the shares totaling 4.2 million with a market value of $465.46 million.
