Cemtrex Inc. (NASDAQ: CETX)’s stock price has soared by 3.33 in relation to previous closing price of 0.14. Nevertheless, the company has seen a loss of -1.91% 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.
Is It Worth Investing in Cemtrex Inc. (NASDAQ: CETX) Right Now?
The 36-month beta value for CETX is also noteworthy at 1.83. 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 17.37M, and at present, short sellers hold a 3.48% of that float. The average trading volume of CETX on September 12, 2024 was 666.60K shares.
CETX’s Market Performance
CETX’s stock has seen a -1.91% decrease for the week, with a -8.98% drop in the past month and a -54.14% fall in the past quarter. The volatility ratio for the week is 8.81%, and the volatility levels for the past 30 days are at 9.86% for Cemtrex Inc. The simple moving average for the last 20 days is -1.05% for CETX’s stock, with a simple moving average of -93.57% for the last 200 days.
CETX Trading at -17.07% 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 -97.99% of loss for the given period.
Volatility was left at 9.86%, however, over the last 30 days, the volatility rate increased by 8.81%, as shares sank -12.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.21% lower at present.
During the last 5 trading sessions, CETX fell by -4.54%, which changed the moving average for the period of 200-days by -97.39% in comparison to the 20-day moving average, which settled at $0.1496. In addition, Cemtrex Inc. saw -97.03% in overturn over a single year, with a tendency to cut further losses.
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 -1.69.
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
In summary, Cemtrex Inc. (CETX) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
