The stock of Cemtrex Inc. (NASDAQ: CETX) has decreased by -1.52 when compared to last closing price of 0.23.Despite this, the company has seen a loss of -7.32% in its stock price over the last five trading days. seekingalpha.com reported 2024-05-14 that Cemtrex, Inc. (NASDAQ:CETX ) Q2 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Company Participants Saagar Govil – CEO Paul Wyckoff – CFO Conference Call Participants Operator Greetings, and welcome to the Cemtrex Second Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
Is It Worth Investing in Cemtrex Inc. (NASDAQ: CETX) Right Now?
Additionally, the 36-month beta value for CETX is 1.84. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CETX is 10.58M and currently, short sellers hold a 21.34% ratio of that float. The average trading volume of CETX on June 26, 2024 was 2.29M shares.
CETX’s Market Performance
CETX stock saw a decrease of -7.32% in the past week, with a monthly decline of -37.17% and a quarterly a decrease of -94.45%. The volatility ratio for the week is 13.08%, and the volatility levels for the last 30 days are 15.10% for Cemtrex Inc. (CETX). The simple moving average for the past 20 days is -27.07% for CETX’s stock, with a -93.68% simple moving average for the past 200 days.
CETX Trading at -72.97% 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 -97.46% of loss for the given period.
Volatility was left at 15.10%, however, over the last 30 days, the volatility rate increased by 13.08%, as shares sank -37.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -93.10% lower at present.
During the last 5 trading sessions, CETX fell by -7.94%, which changed the moving average for the period of 200-days by -95.45% in comparison to the 20-day moving average, which settled at $0.3038. In addition, Cemtrex Inc. saw -95.48% 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:
- -0.03 for the present operating margin
- 0.41 for the gross margin
The net margin for Cemtrex Inc. stands at -0.08. The total capital return value is set at -0.06. Equity return is now at value -89.71, with -12.35 for asset returns.
Based on Cemtrex Inc. (CETX), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at -0.08. The debt to equity ratio resting at 5.82. The interest coverage ratio of the stock is -0.47.
Currently, EBITDA for the company is 8740.0 with net debt to EBITDA at -85.34. When we switch over and look at the enterprise to sales, we see a ratio of 0.41. The receivables turnover for the company is 4.35for trailing twelve months and the total asset turnover is 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
In conclusion, Cemtrex Inc. (CETX) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
