Watching Cemtrex Inc. (CETX) For Insider Activity

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Cemtrex Inc. (NASDAQ:CETX) finished Friday with a subtraction of -$0.01 to close at $0.12, a downside of -5.63 percent. An average of 1,700,200 shares of common stock have been traded in the last five days. There was a gain of $0.0302 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,281,720 shares traded, while the 50-day average volume stands at 579,816.

CETX stock has decreased by -22.69% in the last month. The company shares reached their 1-month lowest point of $0.0900 on 12/23/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $0.09 and a high of $0.97 in 52 weeks. It has reached a new high 3 times so far this year and lost -84.91% or -$0.6962 in price. In spite of this, the price is down -87.25% from the 52-week high.


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Valuation Metrics

Cemtrex Inc. (CETX) stock’s beta is 2.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.06, the price-to-book (PB) ratio at 0.18.

Financial Health

The quick ratio of Cemtrex Inc. for the three months ended June 29 was 0.90, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.16 and a total debt to equity ratio of 1.15 for the quarter ending June 29. Its gross profit as reported stood at $19.06 million compared to revenue of $50.27 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cemtrex Inc.’s return on assets was -38.60%.

Earnings Surprise

For the three-month period that ended June 29, Cemtrex Inc. had $10000.0 in cash and short-term investments compared to $0.11 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$3.01 million in the quarter, while revenues were shrunk -221.93%. The analyst consensus anticipated Cemtrex Inc.’s latest quarter earnings to come in at -$0.15 per share, but it turned out to be $0.06, a 140.00% surprise. For the quarter, EBITDA amounted to -$2.4 million. Shareholders own equity worth $27.78 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Cemtrex Inc. (CETX) price momentum. RSI 9-day as of the close on 30 December was 43.92%, suggesting the stock is Neutral, with historical volatility in this time frame at 161.68%.

As of today, CETX’s price is $0.1187 +32.30% or $0.0302 from its 5-day moving average. CETX is currently trading -30.58% lower than its 20-day SMA and -60.10% lower than its 100-day SMA. However, the stock’s current price level is -31.32% below the SMA50 and -80.29% below the SMA200.

The stochastic %K and %D were 15.33% and 13.66%, respectively, and the average true range (ATR) was 0.0309. With the 14-day stochastic at 15.32% and the average true range at 0.0311, the RSI (14) stands at 41.55%. The stock has reached 0.0123 on the 9-day MACD Oscillator while the 14-day reading was at -0.0050.

Analyst Ratings

Taglich Brothers downgraded Cemtrex Inc. (NASDAQ: CETX) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Cemtrex Inc. (CETX) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CETX, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $2.75 and $2.75, with a median target of $2.75. Taking a look at these predictions, the average price target given by analysts for Cemtrex Inc. (CETX) stock is $2.75.

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