Cemtrex Inc. (NASDAQ:CETX)’s traded shares stood at 3.07 million during the last session, with the company’s beta value hitting 1.86. At the close of trading, the stock’s price was $0.29, to imply a decrease of -2.74% or -$0.01 in intraday trading. The CETX share’s 52-week high remains $389.40, putting it -134175.86% down since that peak but still an impressive 6.9% since price per share fell to its 52-week low of $0.27. The company has a valuation of $7.55M, with an average of 16.08 million shares in intraday trading volume over the past 10 days and average of 3.42 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Cemtrex Inc. (CETX), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give CETX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
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Cemtrex Inc. (NASDAQ:CETX) trade information
After registering a -2.74% downside in the last session, Cemtrex Inc. (CETX) has traded red over the past five days. The 5-day price performance for the stock is -28.05%, and -96.48% over 30 days. With these gigs, the year-to-date price performance is -99.90%. Short interest in Cemtrex Inc. (NASDAQ:CETX) saw shorts transact 14793.0 shares and set a 1.59 days time to cover.
The extremes give us $23 and $23 for target low and target high price respectively. As such, CETX has been trading -7831.03% off suggested target high and -7831.03% from its likely low.
Cemtrex Inc. (CETX) estimates and forecasts
The rating firms project that company’s revenue will grow 14.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 16.39M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 14.69M.
CETX Dividends
Cemtrex Inc. has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Cemtrex Inc. (NASDAQ:CETX)’s Major holders
Cemtrex Inc. insiders hold 0.03% of total outstanding shares, with institutional holders owning 0.05% of the shares at 0.05% float percentage. In total, 0.05% institutions holds shares in the company.
