Don’t Let Stock Prices Fool You: CEMEX, S.A.B. de C.V. (CX), Viacom, Inc. (VIAB)

CEMEX, S.A.B. de C.V. (NYSE:CX) has a price-to-sales ratio of 0.83, well below its Cement competitors. For the industry, the average P/S ratio sits at 3.24, which is more than the sector’s 3.07. In the past 13-year record, this ratio went down as low as 0.15 and as high as 1.61. Also, it is down from 55% of the total 709 rivals across the globe.

CX traded at an unexpectedly low level on 11/28/2017 when the stock experienced a 1.29% gain to a closing price of $7.84. The company saw 6.8 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 9.43 million shares a day, this signifies a pretty significant change over the norm.

CEMEX, S.A.B. de C.V. (CX) Analyst Gushes

Analysts are speculating a 53.7% move, based on the high target price ($12.05) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $10.55 price target, but the stock is already up 5.89% from its recent lows. However, the stock is trading at -24.4% versus recent highs ($10.37). Analysts believe that we could see stock price minimum in the $8.4 range (lowest target price), allowing for another 7.14% jump from its current position. Leading up to this report, we have seen a -4.51% fall in the stock price over the last 30 days and a -14.41% decline over the past 3 months. Overall, the share price is up 1.54% so far this year. Additionally, CX had a day price range of $7.64 to $7.85.

CEMEX, S.A.B. de C.V. (CX) Price Potential

Heading into the stock price potential, CEMEX, S.A.B. de C.V. needs to grow just 36.48% to cross its median price target of $10.7. In order to determine directional movement, the 50-day and 200-day moving averages for CEMEX, S.A.B. de C.V. (NYSE:CX) are $8.02 and $8.94. Given that liquidity is king in short-term, CX is a stock with 1.49 billion shares outstanding that normally trades 1.43% of its float. The stock price recently experienced a 5-day gain of 0.64% with 0.18 average true range (ATR). CX has a beta of 1.36 and RSI is 40.39.

Investors also need to beware of the Viacom, Inc. (NASDAQ:VIAB) valuations. The stock trades on a P/S of 0.83, which suggests that the shares are attractive compared with peers. The broad Entertainment – Diversified industry has an average P/S ratio of 733881.4, which is significantly worse than the sector’s 2902.01. In the past 13-year record, this ratio went down as low as 0.64 and as high as 3.08. Also, it is up from 70% of the total 407 rivals across the globe.

Viacom, Inc. (VIAB)’s Lead Over its Technicals

Viacom, Inc. by far traveled 22.14% versus a 1-year low price of $22.13. The share price was last seen 1.85% higher, reaching at $27.03 on 11/28/2017. At recent session, the prices were hovering between $26.09 and $27.1. This company shares are 14.61% off its target price of $30.98 and the current market capitalization stands at $11.35B. The recent change has given its price a 4.02% lead over SMA 50 and -42.14% deficit over its 52-week high. The stock witnessed 9.61% gains, -7.68% declines and -22.31% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found VIAB’s volatility during a week at 3.81% and during a month it has been found around 4.64%.

Viacom, Inc. (NASDAQ:VIAB) Intraday Metrics

Viacom, Inc. (VIAB) exchanged hands at an unexpectedly low level of 5.23 million shares over the course of the day. Noting its average daily volume at 5.85 million shares each day over the month, this signifies a pretty significant change over the norm.

Viacom, Inc. Target Levels

The market experts are predicting a 70.18% rally, based on the high target price ($46) for Viacom, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $23 range (lowest target price). If faced, it would be a -14.91% drop from its current position. Overall, the share price is down -22.99% year to date.

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