Cemex S.A.B. De C.V. ADR (NYSE:CX) shares traded -8.70% lower at $5.46 on Wall Street last session.
CX stock price is now -10.01% away from the 50-day moving average and -23.64% away from the 200-day moving average. The market capitalization of the company currently stands at $8.25B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $9 to $6.50, RBC Capital Mkts Upgraded its rating from Underperform to Sector Perform for Cemex S.A.B. De C.V. ADR (NYSE: CX). , while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Saldana Madero Roger, Senior Vice President – Legal bought 45,385 shares of the company’s stock on Aug 16 ’24. The stock was bought for $305,641 at an average price of $6.73. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’24, Vice President of Strategic Pl VICENTE SAISO ALVA bought 9,648 shares of the business’s stock. A total of $60,504 was incurred on buying the stock at an average price of $6.27. A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, Cemex S.A.B. De C.V. ADR has had a low of $5.50 and a high of $9.27. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 0.98, and a quick ratio of 0.73. The fifty day moving average price for CX is $6.0676 and a two-hundred day moving average price translates $7.1505 for the stock.
The latest earnings results from Cemex S.A.B. De C.V. ADR (NYSE: CX) was released for 2024-06-30. The net profit margin was 1.00% and return on equity was 2.46% for CX. The company reported revenue of $4.49 billion for the quarter, compared to $4.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.25 percent.
