In the last trading session, 20.06 million Cemtrex Inc. (NASDAQ:CETX) shares changed hands as the company’s beta touched 1.82. With the company’s per share price at $0.29 changed hands at -$0.12 or -29.15% during last session, the market valuation stood at $0.08M. CETX’s last price was a discount, traded about -134175.86% off its 52-week high of $389.40. The share price had its 52-week low at $0.38, which suggests the last value was -31.03% down since then. When we look at Cemtrex Inc.’s average trading volume, we note the 10-day average is 17.58 million shares, with the 3-month average coming to 2.56 million.
Analysts gave the Cemtrex Inc. (CETX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CETX as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Cemtrex Inc.’s EPS for the current quarter is expected to be 0.
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Cemtrex Inc. (NASDAQ:CETX) trade information
Instantly CETX was in red as seen at the end of in last trading. With action -33.22%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -99.90%, with the 5-day performance at -33.22% in the red. However, in the 30-day time frame, Cemtrex Inc. (NASDAQ:CETX) is -96.77% down. Looking at the short shares, we see there were 14793.0 shares sold at short interest cover period of 1.59 days.
The consensus price target for the stock as assigned by Wall Street analysts is 23, meaning bulls need an upside of 98.74% from its current market value. According to analyst projections, CETX’s forecast low is 23 with 23 as the target high. To hit the forecast high, the stock’s price needs a -7831.03% plunge from its current level, while the stock would need to soar -7831.03% for it to hit the projected low.
Cemtrex Inc. (CETX) estimates and forecasts
Year-over-year growth is forecast to reach 14.30% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 16.39M. 1 analysts are of the opinion that Cemtrex Inc.’s revenue for the current quarter will be 14.69M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 50.20%.
CETX Dividends
Cemtrex Inc. is expected to release its next quarterly earnings report in November.
Cemtrex Inc. (NASDAQ:CETX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.03% of Cemtrex Inc. shares while 0.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 0.05%.
