In the past week, CETX stock has gone down by -5.38%, with a monthly decline of -28.29% and a quarterly plunge of -64.80%. The volatility ratio for the week is 12.42%, and the volatility levels for the last 30 days are 11.44% for Cemtrex Inc. The simple moving average for the past 20 days is -10.16% for CETX’s stock, with a -94.27% simple moving average for the past 200 days.
Is It Worth Investing in Cemtrex Inc. (NASDAQ: CETX) Right Now?
CETX has 36-month beta value of 1.85. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CETX is 17.37M, and currently, short sellers hold a 1.00% ratio of that float. The average trading volume of CETX on August 20, 2024 was 1.56M shares.
CETX) stock’s latest price update
The stock of Cemtrex Inc. (NASDAQ: CETX) has increased by 2.38 when compared to last closing price of 0.15.Despite this, the company has seen a loss of -5.38% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-14 that Cemtrex, Inc. (NASDAQ:CETX ) Q3 2024 Earnings Conference Call August 14, 2024 5:00 PM ET Company Participants Saagar Govil – Chief Executive Officer Paul Wyckoff – Chief Financial Officer Conference Call Participants Operator Greetings. And welcome to the Cemtrex’s Third Quarter 2024 Financial Results Conference Call.
CETX Trading at -28.15% 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 -97.91% of loss for the given period.
Volatility was left at 11.44%, however, over the last 30 days, the volatility rate increased by 12.42%, as shares sank -29.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -52.66% lower at present.
During the last 5 trading sessions, CETX fell by -7.45%, which changed the moving average for the period of 200-days by -96.16% in comparison to the 20-day moving average, which settled at $0.1692. In addition, Cemtrex Inc. saw -96.91% 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:
- -0.08 for the present operating margin
- 0.4 for the gross margin
The net margin for Cemtrex Inc. stands at -0.2. The total capital return value is set at -0.17. Equity return is now at value -350.20, with -30.96 for asset returns.
Based on Cemtrex Inc. (CETX), the company’s capital structure generated 1.0 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 439.26. The interest coverage ratio of the stock is -2.05.
Currently, EBITDA for the company is 8740.0 with net debt to EBITDA at -4.21. When we switch over and look at the enterprise to sales, we see a ratio of 0.26. The receivables turnover for the company is 6.75for trailing twelve months and the total asset turnover is 1.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
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.
