The stock price of Cemtrex Inc. (NASDAQ: CETX) has dropped by -20.70 compared to previous close of 3.14. Despite this, the company has seen a fall of -22.19% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-12 that Cemtrex, Inc. (CETX) Q1 2024 Earnings Call Transcript
Is It Worth Investing in Cemtrex Inc. (NASDAQ: CETX) Right Now?
CETX has 36-month beta value of 2.21. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CETX is 0.99M, and currently, short sellers hold a 3.05% ratio of that float. The average trading volume of CETX on April 24, 2024 was 53.84K shares.
CETX’s Market Performance
CETX’s stock has seen a -22.19% decrease for the week, with a -40.43% drop in the past month and a -31.78% fall in the past quarter. The volatility ratio for the week is 9.38%, and the volatility levels for the past 30 days are at 8.16% for Cemtrex Inc. The simple moving average for the past 20 days is -30.53% for CETX’s stock, with a -48.66% simple moving average for the past 200 days.
CETX Trading at -31.03% from the 50-Day Moving Average
After a stumble in the market that brought CETX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.25% of loss for the given period.
Volatility was left at 8.16%, however, over the last 30 days, the volatility rate increased by 9.38%, as shares sank -39.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.78% lower at present.
During the last 5 trading sessions, CETX fell by -22.19%, which changed the moving average for the period of 200-days by -70.67% in comparison to the 20-day moving average, which settled at $3.50. In addition, Cemtrex Inc. saw -50.30% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CETX starting from GOVIL SAAGAR, who purchase 15,100 shares at the price of $0.95 back on Aug 30 ’23. After this action, GOVIL SAAGAR now owns 132,298 shares of Cemtrex Inc., valued at $14,380 using the latest closing price.
GOVIL SAAGAR, the CFO of Cemtrex Inc., purchase 7,100 shares at $0.91 during a trade that took place back on Aug 25 ’23, which means that GOVIL SAAGAR is holding 116,486 shares at $6,461 based on the most recent closing price.
Stock Fundamentals for CETX
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.43 for the gross margin
The net margin for Cemtrex Inc. stands at -0.07. The total capital return value is set at 0.01. Equity return is now at value -60.85, with -10.53 for asset returns.
Based on Cemtrex Inc. (CETX), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at 4.14. The interest coverage ratio of the stock is 0.04.
Currently, EBITDA for the company is 8740.0 with net debt to EBITDA at 20.62. When we switch over and look at the enterprise to sales, we see a ratio of 0.43. The receivables turnover for the company is 4.77for trailing twelve months and the total asset turnover is 1.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
To put it simply, Cemtrex Inc. (CETX) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
