Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE: FMX) is -24.02% lower on its value in year-to-date trading and has touched a low of $98.52 and a high of $142.39 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 $99.61 in the last trading session, with the day’s loss setting it -1.29%.
Currently trading at $98.32, the stock is -3.08% and -7.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.66 million and changing -1.30% at the moment leaves the stock -16.91% off its SMA200. FMX registered -10.48% loss for a year compared to 6-month loss of -20.89%. The firm has a 50-day simple moving average (SMA 50) of $105.5402 and a 200-day simple moving average (SMA200) of $118.69625.
The stock witnessed a -2.23% gain in the last 1 month and extending the period to 3 months gives it a -6.47%, and is -1.84% 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 2.06% over the week and 2.28% over the month.
Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX) has around 392968 employees, a market worth around $21.12B and $42.34B in sales. Current P/E ratio is 22.39 and Fwd P/E is 17.84. Profit margin for the company is 3.71%. Distance from 52-week low is -0.20% and -30.95% from its 52-week high. The company has generated returns on investments over the last 12 months (5.55%).
The EPS is expected to grow by 7.06% this year
The shares outstanding are 216.12M, and float is at 214.84M with Short Float at 1.76%.
The top institutional shareholder in the company is FIRST EAGLE INVESTMENT MANAGEMENT, LLC with over 9.58 million shares valued at $1.03 billion. The investor’s holdings represent 0.2678 of the FMX Shares outstanding. As of 2024-06-30, the second largest holder is HARDING LOEVNER LP with 6.84 million shares valued at $736.49 million to account for 0.1912 of the shares outstanding. The other top investors are ROYAL BANK OF CANADA which holds 4.83 million shares representing 0.1349 and valued at over $519.59 million, while BAILLIE GIFFORD & CO holds 0.1086 of the shares totaling 3.89 million with a market value of $418.29 million.
