Cemex SAB de CV (NYSE: CX) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
Recent marginal negative changes in fundamentals have impacted Cemex SAB de CV (NYSE: CX): the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CX is expected to continue to be a Value Builder.
Cemex SAB de CV has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cemex SAB de CV has a good Power Rating of 77 and a very high Appreciation Score of 92, leading to the Highest Value Trend Rating.
Recent Price Action
Cemex SAB de CV (NYSE: CX) stock suffered a large decline of -8.5% on 6/3/24. The stock closed at $6.89. Moreover, this decline was accompanied by exceptionally high trading volume at 266% of normal. The stock has been strong relative to the market over the last nine months but has declined -9.2% during the last week.
Be the first to comment