In the last trading session, 5.82 million shares of the Cemtrex Inc. (NASDAQ:CETX) were traded, and its beta was 1.91. Most recently the company’s share price was $2.01, and it changed around -$0.55 or -21.48% from the last close, which brings the market valuation of the company to $0.58M. CETX currently trades at a discount to its 52-week high of $389.40, offering almost -19273.13% off that amount. The share price’s 52-week low was $2.24, which indicates that the current value has fallen by an impressive -11.44% since then. We note from Cemtrex Inc.’s average daily trading volume that its 10-day average is 1.06 million shares, with the 3-month average coming to 80.15K.
Cemtrex Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended CETX as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Cemtrex Inc. is expected to report earnings per share of 0 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Cemtrex Inc. (NASDAQ:CETX) trade information
Instantly CETX has showed a red trend with a performance of -21.48% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 7.57 on recent trading dayincreased the stock’s daily price by 73.45%. The company’s shares are currently down -99.33% year-to-date, but still down -72.76% over the last five days. On the other hand, Cemtrex Inc. (NASDAQ:CETX) is -77.95% down in the 30-day period. We can see from the shorts that 6681.0 shares have been sold at a short interest cover period of 1.0 day(s).
The consensus price target as assigned by Wall Street analysts is $23, which translates to bulls needing to increase their stock price by 91.26% from its current value. Analyst projections state that CETX is forecast to be at a low of $23 and a high of $23.
Cemtrex Inc. (CETX) estimates and forecasts
The year-over-year growth rate is expected to be 14.30%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 16.39M in revenue for the current quarter. 1 analysts expect Cemtrex Inc. to make 14.69M in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 50.20%.
CETX Dividends
Cemtrex Inc.’s next quarterly earnings report is expected to be released in November.
Cemtrex Inc. (NASDAQ:CETX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.22% of Cemtrex Inc. shares, and 4.32% of them are in the hands of institutional investors. The stock currently has a share float of 4.41%.
