These Numbers Show Favorable Signs for Cemtrex Inc. (CETX)

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.


5 Stocks to make up the PERFECT 2021 gold portfolio

Gold bugs are shouting from the rooftops in excitement, but that doesn’t mean you rush out and just buy any gold stock…That’s why we laid out The 2021 Ultimate Gold Portfolio – to dissect the treasure from the trash.

Click here to download your free report right away

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free