In the latest trading session, 0.81 million Cemtrex Inc (NASDAQ:CETX) shares changed hands as the company’s beta touched 1.75. With the company’s most recent per share price at $3.39 changing hands around $0.28 or 9.00% at last look, the market valuation stands at $2.47M. CETX’s current price is a discount, trading about -401935.4% off its 52-week high of $13629.00. The share price had its 52-week low at $3.00, which suggests the last value was 11.5% up since then. When we look at Cemtrex Inc’s average trading volume, we note the 10-day average is 0.4 million shares, with the 3-month average coming to 216.00K.
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.
Cemtrex Inc (NASDAQ:CETX) trade information
Instantly CETX is in green as seen in intraday trades today. With action -12.11%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -99.97%, with the 5-day performance at -12.11% in the red. However, in the 30-day time frame, Cemtrex Inc (NASDAQ:CETX) is -61.56% down. Looking at the short shares, we see there were 4440.0 shares sold at short interest cover period of 0.02 days.
The consensus price target for the stock as assigned by Wall Street analysts is 23, meaning bulls need an upside of 85.26% from its recent 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 -578.47% plunge from its current level, while the stock would need to soar -578.47% for it to hit the projected low.
Cemtrex Inc (NASDAQ:CETX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.02% of Cemtrex Inc shares while 0.04% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 0.04%.
Among Mutual Funds, the top two as of Sep 30, 2024 were Fidelity Extended Market Index Fund and Fidelity NASDAQ Composite Index Fund. With 2.63 shares estimated at $8866.0 under it, the former controlled 0.01% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held about 0.00% of the shares, roughly 25.0 shares worth around $84.0.
