CX Stock Summary and Trading Ideas (Cemex S.A.B. De C.V. Sponsored ADR | NYSE:CX)

Cemex SAB de CV is a ready-mix concrete company that mainly engaged in activities that are oriented to the construction industry, mainly through the production, marketing, sale, and distribution of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services.

Cemex S.A.B. De C.V. Sponsored ADR trades on the NYSE stock market under the symbol CX.

As of May 6, 2024, CX stock price declined to $7.98 with 4,375,169 million shares trading.

CX has a beta of 1.57, meaning it tends to be more sensitive to market movements. CX has a correlation of 0.23 to the broad based SPY ETF.

CX has a market cap of $11.56 billion. This is considered a Large Cap stock.

Last quarter Cemex S.A.B. De C.V. Sponsored ADR reported $4 billion in Revenue and $.17 earnings per share. This fell short of revenue expectation by $-52 million and exceeded earnings estimates by $.05.

In the last 3 years, CX stock traded as high as $9.27 and as low as $3.20.

The top ETF exchange traded funds that CX belongs to (by Net Assets): VXUS, VEU, AVEM, DFEM, KOMP.

CX has underperformed the market in the last year with a price return of +26.5% while the SPY ETF gained +28.3%. CX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.9% and -0.1%, respectively, while the SPY returned +4.8% and +4.3%, respectively.

CX support price is $7.83 and resistance is $8.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CX stock will trade within this expected range on the day.