Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE:FMX) currently has a daily average trading volume of 682.50K but it saw 743596 shares traded in last market. With a market cap of 21.93B USD, the company’s current market price of $102.06 came falling about -0.81 while comparing to the previous closing price of $102.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $142.39 and as low as $98.52. In the recent trading on the day, stock has struck highest price mark of $101.61 while lowest mark touched by it was $103.74.
Taking a look at 20-day trading activity of Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX) gives us an average price of $107.77, while its current price level is -28.32% below from 52-week high level whereas it is 3.59% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $109.85 while that of 200 days or SMA-200 reads an average of $121.10. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.64% during that period while stretching the period over a month that decreases to 2.32%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.54 which implies that the stock is in neutral territory.
HSBC Securities upgraded its recommendation for the stock as a “Buy” from “Hold” on February 09, 2024 while assigning a price target range of $124-$152.
Over the week, FMX’s stock price is moving -2.34% down while it is -4.73% when we observe its performance for the past one month. Year-to-date it is -21.13% down and over the past year, the stock is showing a downside performance of -5.68%.
Currently, Fomento Economico Mexicano S.A.B. de C.V. ADR’s total number of outstanding shares is 216.12M. Company’s return on investment (ROI) stands at 5.55% and return on equity (ROE) at 10.93%. It has a price to earnings ratio (P/E ratio) of 23.24 while having a 19.11 of forward P/E ratio. Stock’s beta reads 0.92. Stock has a price to book (P/B) ratio of 2.30 while price to sale or P/S ratio amounts to 0.52. Its return on asset (ROA) is 3.97% on average.
