Cemtrex Inc. (NASDAQ:CETX) has a beta value of 1.88 and has seen 30.21 million shares traded in the last trading session. The company, currently valued at $0.13M, closed the last trade at $0.44 per share which meant it lost -$0.03 on the day or -7.25% during that session. The CETX stock price is -88400.0% off its 52-week high price of $389.40 and -2.27% below the 52-week low of $0.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.45 million shares traded. The 3-month trading volume is 993.98K shares.
The consensus among analysts is that Cemtrex Inc. (CETX) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
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Cemtrex Inc. (NASDAQ:CETX) trade information
Sporting -7.25% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CETX stock price touched $0.44 or saw a rise of 72.67%. Year-to-date, Cemtrex Inc. shares have moved -99.86%, while the 5-day performance has seen it change -78.36%. Over the past 30 days, the shares of Cemtrex Inc. (NASDAQ:CETX) have changed -94.93%. Short interest in the company has seen 14793.0 shares shorted with days to cover at 1.59.
Wall Street analysts have a consensus price target for the stock at $23, which means that the shares’ value could jump 98.09% from current levels. The projected low price target is $23.0 while the price target rests at a high of $23.0. In that case, then, we find that the current price level is -5127.27% off the targeted high while a plunge would see the stock gain -5127.27% from current levels.
Cemtrex Inc. (CETX) estimates and forecasts
The company’s shares have lost -99.78% over the past 6 months. 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 16.39M for the current quarter. 1 have an estimated revenue figure of 14.69M for the next ending quarter.
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 November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cemtrex Inc. (NASDAQ:CETX)’s Major holders
Insiders own 21.51% of the company shares, while shares held by institutions stand at 4.32% with a share float percentage of 5.50%. Investors are also buoyed by the number of investors in a company, with Cemtrex Inc. having a total of 15.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund . As of Aug 31, 2024 , the former fund manager holds about 0.00% shares in the company for having 862.0 shares of worth $374.0 while later fund manager owns 113.0 shares of worth $49.0 as of Jun 30, 2024 , which makes it owner of about 0.00% of company’s outstanding stock.
