The stock of Cemtrex Inc. (CETX) has seen a -75.37% decrease in the past week, with a -94.23% drop in the past month, and a -96.53% decrease in the past quarter. The volatility ratio for the week is 29.24%, and the volatility levels for the past 30 days are at 18.16% for CETX. The simple moving average for the last 20 days is -91.19% for CETX stock, with a simple moving average of -99.51% for the last 200 days.
Is It Worth Investing in Cemtrex Inc. (NASDAQ: CETX) Right Now?
The 36-month beta value for CETX is also noteworthy at 1.88. 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 0.29M, and at present, short sellers hold a 5.10% of that float. The average trading volume of CETX on October 11, 2024 was 993.98K shares.
CETX) stock’s latest price update
The stock price of Cemtrex Inc. (NASDAQ: CETX) has surged by 5.54 when compared to previous closing price of 0.47, but the company has seen a -75.37% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-08 that Pennsylvania Department of Military and Veterans Affairs Project to be Completed in 2025 Pennsylvania Department of Military and Veterans Affairs Project to be Completed in 2025
CETX Trading at -93.58% 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 -99.87% of loss for the given period.
Volatility was left at 18.16%, however, over the last 30 days, the volatility rate increased by 29.24%, as shares sank -94.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -95.32% lower at present.
During the last 5 trading sessions, CETX fell by -75.14%, which changed the moving average for the period of 200-days by -99.85% in comparison to the 20-day moving average, which settled at $5.6205. In addition, Cemtrex Inc. saw -99.84% 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 0.23. 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.
