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 and one of the aggregates companies in the world. In 2021, the company sold roughly 67 million tons of cement, 49.2 million cubic meters of ready-mix, and 135 million tons of aggregates. As of Dec. 31, 2021, the company had an annual cement production capacity of roughly 88.5 million tons.

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

As of April 22, 2024, CX stock price climbed to $8.18 with 4,588,271 million shares trading.

CX has a beta of 1.42, meaning it tends to be more sensitive to market movements. CX has a correlation of 0.19 to the broad based SPY ETF.

CX has a market cap of $11.85 billion. This is considered a Large Cap stock.

Last quarter Cemex S.A.B. De C.V. Sponsored ADR reported $4 million in Revenue and -$.30 earnings per share. This fell short of revenue expectation by $-4 billion and missed earnings estimates by -$.32.

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 outperformed the market in the last year with a return of +38.6%, while the SPY ETF gained +22.3%. In the last 3 month period, CX beat the market returning +9.7%, while SPY returned +3.9%. However, in the most recent 2 weeks CX has underperformed the stock market by returning -7.0%, while SPY returned -3.6%.

CX support price is $7.83 and resistance is $8.15 (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.