In today’s recent session, 2.27 million shares of the Cemtrex Inc. (NASDAQ:CETX) have been traded, and its beta is 1.85. Most recently the company’s share price was $0.28, and it changed around -$0.01 or -4.17% from the last close, which brings the market valuation of the company to $7.11M. CETX at last check was trading at a discount to its 52-week high of $389.40, offering almost -138971.43% off that amount. The share price’s 52-week low was $0.27, which indicates that the recent value has risen by an impressive 3.57% since then. We note from Cemtrex Inc.’s average daily trading volume that its 10-day average is 13.27 million shares, with the 3-month average coming to 3.51 million.
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.
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Cemtrex Inc. (NASDAQ:CETX) trade information
Instantly CETX has been showing red trend so far today with a performance of -4.17% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.3281 on recent trading dayincreased the stock’s daily price by 14.66%. The company’s shares are currently down -99.91% year-to-date, but still down -5.73% over the last five days. On the other hand, Cemtrex Inc. (NASDAQ:CETX) is -96.23% down in the 30-day period. We can see from the shorts that 0.21 million shares have been sold at a short interest cover period of 0.04 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 98.78% 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 on 2024-Feb-12.
Cemtrex Inc. (NASDAQ:CETX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.03% of Cemtrex Inc. shares, and 0.05% of them are in the hands of institutional investors. The stock currently has a share float of 0.05%.
Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Aug 31, 2024. The former held 862.0 shares worth $239.0, making up 0.00% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 113.0 shares worth around $31.0, which represents about 0.00% of the total shares outstanding.
