In last trading session, Cemtrex Inc. (NASDAQ:CETX) saw 26.85 million shares changing hands with its beta currently measuring 1.85. Company’s recent per share price level of $0.46 trading at $0.07 or 18.13% at ring of the bell on the day assigns it a market valuation of $0.13M. That closing price of CETX’s stock is at a discount of -84552.17% from its 52-week high price of $389.40 and is indicating a premium of 17.39% from its 52-week low price of $0.38. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.87 million shares which gives us an average trading volume of 2.00 million if we extend that period to 3-months.
For Cemtrex Inc. (CETX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.
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Cemtrex Inc. (NASDAQ:CETX) trade information
Upright in the green during last session for gaining 18.13%, in the last five days CETX remained trading in the red while hitting it’s week-highest on Thursday, 10/10/24 when the stock touched $0.46 price level, adding 21.64% to its value on the day. Cemtrex Inc.’s shares saw a change of -99.85% in year-to-date performance and have moved -35.77% in past 5-day. Cemtrex Inc. (NASDAQ:CETX) showed a performance of -94.90% in past 30-days. Number of shares sold short was 14793.0 shares which calculate 1.59 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 23 to the stock, which implies a rise of 98.0% to its current value. Analysts have been projecting 23 as a low price target for the stock while placing it at a high target of 23. It follows that stock’s current price would drop -4900.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4900.0% for stock’s current value.
Cemtrex Inc. (CETX) estimates and forecasts
This year revenue growth is estimated to rise 14.30% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 16.39M for the same. And 1 analysts are in estimates of company making revenue of 14.69M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 50.20% during past 5 years.
Cemtrex Inc. (NASDAQ:CETX)’s Major holders
Insiders are in possession of 2.22% of company’s total shares while institution are holding 4.32 percent of that, with stock having share float percentage of 4.41%. Investors also watch the number of corporate investors in a company very closely, which is 4.32% institutions for Cemtrex Inc. that are currently holding shares of the company.
On the other hand, Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 862.0 shares of worth $393.0 or 0.00% of the total outstanding shares. The later fund manager was in possession of 113.0 shares on Jun 30, 2024 , making its stake of worth around $51.0 in the company or a holder of 0.00% of company’s stock.
