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Positives for Cemex S.A.B. De C.V. ADR (CX) as stock gains in recent trading

Cemex S.A.B. De C.V. ADR (NYSE: CX) is 17.03% higher on its value in year-to-date trading and has touched a low of $5.16 and a high of $9.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CX stock was last observed hovering at around $9.01 in the last trading session, with the day’s gains setting it 0.06%.

Currently trading at $9.07, the stock is 9.65% and 12.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.46 million and changing 0.67% at the moment leaves the stock 22.90% off its SMA200. CX registered 68.59% gain for a year compared to 6-month gain of 36.80%. The firm has a 50-day simple moving average (SMA 50) of $1.18 and a 200-day simple moving average (SMA200) of $6.32.

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The stock witnessed a 18.72% loss in the last 1 month and extending the period to 3 months gives it a 14.96%, and is 5.59% up 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 2.37% over the week and 2.48% over the month.

Cemex S.A.B. De C.V. ADR (CX) has around 46063 employees, a market worth around $13.71B and $17.42B in sales. Current P/E ratio is 73.38 and Fwd P/E is 9.80. Profit margin for the company is 1.05%. Distance from 52-week low is 75.78% and 0.44% from its 52-week high. The company has generated returns on investments over the last 12 months (0.96%).

Cemex S.A.B. De C.V. ADR quarterly earnings per share for the current quarter are estimated at $0.13 with sales reaching $4.11B over the same period.The EPS is expected to grow by 2480.75% this year, but quarterly earnings will post 3.20% year-over-year. Quarterly sales are estimated to grow 4.80% in year-over-year returns.

Cemex S.A.B. De C.V. ADR (CX) Top Institutional Holders

399 institutions hold shares in Cemex S.A.B. De C.V. ADR (CX), with institutional investors hold 30.44% of the company’s shares. The shares outstanding are 1.51B, and float is at 1.51B with Short Float at 0.42%. Institutions hold 30.44% of the Float.

The top institutional shareholder in the company is Baillie Gifford and Company with over 73.17 million shares valued at $518.02 million. The investor’s holdings represent 4.83% of the CX Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 52.14 million shares valued at $369.12 million to account for 3.44% of the shares outstanding. The other top investors are Capital International Investors which holds 45.69 million shares representing 3.02% and valued at over $323.47 million, while Ubs Asset Management Americas Inc holds 2.55% of the shares totaling 38.57 million with a market value of $273.1 million.

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