In the last trading session, 1.8 million shares of the Cemtrex Inc (NASDAQ:CETX) were traded, and its beta was 1.88. Most recently the company’s share price was $0.18, and it changed around $0.0 or -4.09% from the last close, which brings the market valuation of the company to $4.32M. CETX currently trades at a discount to its 52-week high of $389.40, offering almost -216233.33% off that amount. We note from Cemtrex Inc’s average daily trading volume that its 10-day average is 3.38 million shares, with the 3-month average coming to 5.22 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.
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Cemtrex Inc (NASDAQ:CETX) trade information
Instantly CETX has showed a red trend with a performance of -4.09% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.2152 on recent trading dayincreased the stock’s daily price by 16.36%. The company’s shares are currently down -99.94% year-to-date, but still down -16.19% over the last five days. On the other hand, Cemtrex Inc (NASDAQ:CETX) is -57.07% down in the 30-day period. We can see from the shorts that 1.33 million shares have been sold at a short interest cover period of 0.11 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 99.22% from its current value. Analyst projections state that CETX is forecast to be at a low of $23 and a high of $23.
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 in December.
Cemtrex Inc (NASDAQ:CETX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.02% of Cemtrex Inc shares, and 0.04% of them are in the hands of institutional investors. The stock currently has a share float of 0.04%.
