28-Mar-2024
Analysts Offer Insights on Materials Companies: Cemex SAB (CX) and Westlake Chemical PRN (WLKP)
TipRanks (Tue, 26-Mar 6:00 AM ET)
Cemex Announces Dividend and Share Buyback Plan
TipRanks (Mon, 25-Mar 5:58 PM ET)
Standard & Poor's Upgrades Cemex to Investment Grade
Business Wire (Wed, 13-Mar 7:03 PM ET)
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 March 28, 2024, CX stock price climbed to $9.01 with 9,293,327 million shares trading.
CX has a beta of 1.50, meaning it tends to be more sensitive to market movements. CX has a correlation of 0.18 to the broad based SPY ETF.
CX has a market cap of $13.05 billion. This is considered a Large Cap stock.
Last quarter Cemex S.A.B. De C.V. Sponsored ADR reported $5 billion in Revenue and $.09 earnings per share. This beat revenue expectation by $81 million and missed earnings estimates by -$.14.
In the last 3 years, CX stock traded as high as $9.09 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 price return of +79.1% while the SPY ETF gained +33.6%. CX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.2% and +10.4%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
CX support price is $8.68 and resistance is $9.02 (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.