Report On Cemtrex Inc.’s (CETX) Price Performance

The stock of Cemtrex Inc. (NASDAQ:CETX) increased by increased by $0.14 on Friday to finish at $1.17, up 13.59 percent. The last five days have seen an average of 3,934,380 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$0.1800. The average number of shares traded over the last 20 days was 4,428,835, while the average volume over the last 50 days totaled 1,970,442.

CETX stock dropped -0.85% since last month. On 10/12/21, the company’s shares reached a one-month low of $0.8675. The stock touched a high of $4.20 on 03/10/21, after rallying from a low of $0.87 in 52 weeks. The price of CETX stock has declined by -13.33% or -$0.1800 this year, reaching a new high 11 times. Still, the stock price is down -72.14% from the 52-week high.


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Valuation Metrics

The PE ratio of Cemtrex Inc. has varied between 12.78 and 4.857 in the last five years. Beta for the stock is 2.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.55, the price-to-book (PB) ratio of 0.74.

Cemtrex Inc.’s dividend is $0.16 per share per year.

For the three months ended June 29, Cemtrex Inc.’s quick ratio was 1.70, while its current ratio was 2.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.31, and the total debt to equity ratio is 0.53. As far as profitability goes, gross margin for the trailing twelve months is 44.60% percent. Cemtrex Inc.’s EBITDA margin for the year ended June 29 was -0.73%, whereas its operating margin stood at -18.10% for the same period. Based on annual data, it had gross profit of $19.36 million and revenue of $43.52 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CETX’s return on assets (ROA) during the last 12 months has been -4.20%. There was a -12.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -8.70%. ROE has averaged 3.34 in the past year for the broader industry.

Earnings Surprise

According to Cemtrex Inc.’s quarterly financial report for the quarter that ended June 29, it had $4.13 million in total debt versus $0.45 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $10.33 million, while revenues rose by 18.3% to $9.26 million. It was predicted that Cemtrex Inc.’s quarterly earnings would be $0.06, but it ended up being -$0.15. EBITDA was -$1.69 million for the quarter. At the end of Cemtrex Inc.’s most recent quarter ended June 29, its liabilities totaled 27.49 million, while its total debt was $18.76 million. Equity owned by shareholders amounts to $20.78 million.

Technical Picture

Here’s a quick look at Cemtrex Inc.’s (CETX) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 58.51%, suggesting the stock is Neutral, with a 128.30% historical volatility rate.

The stochastic %K and %D were 39.91% and 38.86% respectively, while the average true range (ATR) was 0.1185. Based on the 14-day stochastic reading of 56.81%, the RSI (14) reading is 54.60%. On the 9-day MACD Oscillator, the stock is at 0.0064, and the 14-day reading is at 0.0257.

Analyst Ratings

Cemtrex Inc. (NASDAQ: CETX) was downgraded by Taglich Brothers to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Cemtrex Inc. (CETX) an Buy rating. CETX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.

What is CETX’s price target for the next 12 months?

The current consensus forecast for the stock is between $2.75 and $2.75, with a median target price of $2.75. In analyzing these forecasts, the average price target given by analysts for Cemtrex Inc. (CETX) is $2.75.

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