Wall Street Was Disappointed By Cemtrex Inc. (NASDAQ: CETX)’s -73.34% Stock Price Decline

Cemtrex Inc. (NASDAQ:CETX) has a beta value of 2.36 and has seen 12.01 million shares traded in the recent trading session. The company, currently valued at $0.32M, closed the recent trade at $0.30 per share which meant it lost -$0.84 on the day or -73.34% during that session. The CETX stock price is -3716.67% off its 52-week high price of $11.45 and -266.67% below the 52-week low of $1.10. The 3-month trading volume is 70.52K shares.

Cemtrex Inc. (NASDAQ:CETX) trade information

Sporting -73.34% in the red today, the stock has traded in the red over the last five days, when the CETX stock price touched $0.30 or saw a rise of 84.92%. Year-to-date, Cemtrex Inc. shares have moved -93.93%, while the 5-day performance has seen it change -85.93%. Over the past 30 days, the shares of Cemtrex Inc. (NASDAQ:CETX) have changed -92.31%.

Cemtrex Inc. (CETX) estimates and forecasts

The company’s shares have lost -92.49% over the past 6 months, compared to 5.70% for the industry. Revenue growth from the last financial year stood is estimated to be 14.30%.

1 analysts offering their estimates for the company have set an average revenue estimate of $16.39 million for the current quarter. 1 have an estimated revenue figure of $17.07 million for the next quarter concluding in Jun 2024.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 50.20% over the past 5 years.

CETX Dividends

Cemtrex Inc. is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.