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CEMEX S.A.B. de C.V. (CX): These Numbers are Too Good to be true

At the end of the latest market close, CEMEX S.A.B. de C.V. (CX) was valued at $5.02. In that particular session, Stock kicked-off at the price of $4.92 while reaching the peak value of $5.085 and lowest value recorded on the day was $4.86. The stock current value is $5.00.Recently in News on February 16, 2023, CEMEX, Sandia Labs, and Synhelion to Scale Solar Energy Technology to Produce Cement. CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that the U.S. Department of Energy awarded US$3.2 million to Solar MEAD, a joint project headed by CEMEX, Sandia National Laboratories, and Synhelion, which aims to decarbonize cement production. You can read further details here

CEMEX S.A.B. de C.V. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $5.71 on 03/03/23, with the lowest value was $3.20 for the same time period, recorded on 10/14/22.

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CEMEX S.A.B. de C.V. (CX) full year performance was 5.71%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, CEMEX S.A.B. de C.V. shares are logging -12.36% during the 52-week period from high price, and 56.25% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.20 and $5.71.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 16405895 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the CEMEX S.A.B. de C.V. (CX) recorded performance in the market was 23.46%, having the revenues showcasing 18.76% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 7.89B, as it employees total of 43864 workers.

Specialists analysis on CEMEX S.A.B. de C.V. (CX)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 4.58, with a change in the price was noted +1.56. In a similar fashion, CEMEX S.A.B. de C.V. posted a movement of +45.35% for the period of last 100 days, recording 5,435,812 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CX is recording 0.78 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.74.

Trends and Technical analysis: CEMEX S.A.B. de C.V. (CX)

Raw Stochastic average of CEMEX S.A.B. de C.V. in the period of last 50 days is set at 58.03%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 22.10%. In the last 20 days, the company’s Stochastic %K was 31.30% and its Stochastic %D was recorded 44.32%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 23.46%. Additionally, trading for the stock in the period of the last six months notably improved by 26.26%, alongside a boost of 5.71% for the period of the last 12 months. The shares increased approximately by -9.91% in the 7-day charts and went down by -4.94% in the period of the last 30 days. Common stock shares were driven by 18.76% during last recorded quarter.

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