Cemtrex Inc. (NASDAQ: CETX) is 10.37% higher on its value in year-to-date trading and has touched a low of $0.60 and a high of $3.75 in the current 52-week trading range. The CETX stock was last observed hovering at around $1.37 in the last trading session, with the day’s gains setting it 0.12% off its average median price target of $3.50 for the next 12 months. It is also 57.43% off the consensus price target high of $3.50 offered by 1 analysts, but current levels are 57.43% higher than the price target low of $3.50 for the same period.
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Currently trading at $1.49, the stock is 8.17% and 16.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing 8.76% at the moment leaves the stock 19.31% off its SMA200. CETX registered 30.70% gain for a year compared to 6-month loss of -8.59%. The firm has a 50-day simple moving average (SMA 50) of $1.3622 and a 200-day simple moving average (SMA200) of $1.2869.
The stock witnessed a 10.37% gain in the last 1 month and extending the period to 3 months gives it a 39.25%, and is 17.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.33% over the week and 8.95% over the month.
Cemtrex Inc. (CETX) has around 284 employees, a market worth around $27.95M and $43.50M in sales. Profit margin for the company is -30.10%. Distance from 52-week low is 148.33% and -60.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.70%).
Cemtrex Inc. (CETX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cemtrex Inc. (CETX) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Cemtrex Inc. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at -$0.12 with sales reaching $10.17M over the same period.The EPS is expected to grow by 78.90% this year, but quarterly earnings will post 2.50% year-over-year.
Cemtrex Inc. (CETX) Top Institutional Holders
13 institutions hold shares in Cemtrex Inc. (CETX), with 2.19M shares held by insiders accounting for 12.17% while institutional investors hold 9.61% of the company’s shares. The shares outstanding are 16.96M, and float is at 15.93M with Short Float at 6.61%. Institutions hold 8.44% of the Float.
The top institutional shareholder in the company is Wedbush Securities Inc with over 68425.0 shares valued at $75951.0. The investor’s holdings represent 0.38% of the CETX Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 22059.0 shares valued at $24485.0 to account for 0.12% of the shares outstanding. The other top investors are Susquehanna Fundamental Investments, LLC which holds 18300.0 shares representing 0.10% and valued at over $20313.0, while Northern Trust Corporation holds 0.09% of the shares totaling 15571.0 with a market value of $17283.0.
Cemtrex Inc. (CETX) Insider Activity
A total of 0 insider transactions have happened at Cemtrex Inc. (CETX) in the last six months, with sales accounting for 0 and purchases happening 0 times.