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Cemtrex Inc (CETX) Is Down -99.96% in 2024 With Lots of Room to Run

Cemtrex Inc (NASDAQ: CETX) is -99.96% lower on its value in year-to-date trading and has touched a low of $0.11 and a high of $389.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CETX stock was last observed hovering at around $0.11 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.11, the stock is -46.14% and -95.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.96 million and changing -4.09% at the moment leaves the stock -99.83% off its SMA200. CETX registered -99.97% loss for a year compared to 6-month loss of -99.49%. The firm has a 50-day simple moving average (SMA 50) of $78.09451 and a 200-day simple moving average (SMA200) of $2110.542.

The stock witnessed a -62.00% gain in the last 1 month and extending the period to 3 months gives it a -98.79%, and is -39.12% down 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 21.35% over the week and 13.64% over the month.

Cemtrex Inc (CETX) has around 333 employees, a market worth around $2.82M and $65.32M in sales. Profit margin for the company is -19.66%. Distance from 52-week low is 0.18% and -99.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-70.72%).

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Cemtrex Inc (CETX) Top Institutional Holders

11.0 institutions hold shares in Cemtrex Inc (CETX), with institutional investors hold 0.04% of the company’s shares. The shares float is at 25.59M with Short Float at 5.21%. Institutions hold 0.04% of the Float.

Cemtrex Inc (CETX) Insider Activity

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