The stock of Cemtrex Inc. (NASDAQ:CETX) increased by $0.71 on Wednesday to $6.16, up 13.10 percent. The last five days have seen an average of 187,332 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $2.00. The average number of shares traded over the last 20 days was 72,843, while the average volume over the last 50 days totaled 39,669.
CETX stock appreciated 11.27% since last month. On 09/12/23, the company’s shares reached a one-month low of $4.50. The stock touched a high of $14.46 on 02/10/23, after rallying from a low of $3.15 in 52 weeks. The price of CETX stock has risen by 42.37% or $2.00 this year, reaching a new high 12 times. Still, the stock price is down -57.37% from the 52-week high.
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Insider Transactions
CETX stock investors should be aware that Cemtrex Inc. (CETX) stock had its last reported insider trading activity 21 days ago on Aug 30. On Aug 30, CEO GOVIL SAAGAR acquired 15,100 shares at $0.95 each. This transaction resulted in the insider spending $14,380. On Aug 25, GOVIL SAAGAR added 7,100 shares at a price of US$0.91. After the transaction, the insider now owns 116,486 shares. CFO GOVIL SAAGAR had earlier bought 3,000 shares on Aug 24 for $0.93 a share. The transaction was completed for $2,789.
Valuation Metrics
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 0.11, the price-to-book (PB) ratio of 0.72.
Financial Health
For the three months ended June 29, Cemtrex Inc.’s quick ratio was 0.60, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.47, and the total debt to equity ratio is 2.70. As far as profitability goes, gross margin for the trailing twelve months is 43.10% percent. Cemtrex Inc.’s EBITDA margin for the year ended June 29 was -22.03%, whereas its operating margin stood at -15.00% for the same period. Based on annual data, it had gross profit of $19.06 million and revenue of $50.27 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 -26.40%. There was a -50.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -118.80%.
Earnings Surprise
According to Cemtrex Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $14.48 million, while revenues rose by 5.87% to $16.07 million. It was predicted that Cemtrex Inc.’s quarterly earnings would be -$1.28, but it ended up being -$0.34, beating the consensus by -276.50%. EBITDA was $0.81 million for the quarter. At the end of Cemtrex Inc.’s most recent quarter ended June 29, its liabilities totaled 33.56 million, while its total debt was $23.0 million. Equity owned by shareholders amounts to $1.0 million.
Technical Picture
Here’s a quick look at Cemtrex Inc.’s (CETX) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 72.11%, suggesting the stock is Overbought, with a 119.15% historical volatility rate.
The stochastic %K and %D were 50.25% and 40.81% respectively, while the average true range (ATR) was 0.67. Based on the 14-day stochastic reading of 65.58%, the RSI (14) reading is 63.36%. On the 9-day MACD Oscillator, the stock is at 0.46, and the 14-day reading is at 0.51.
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 $23.00 and $23.00, with a median target price of $23.00. In analyzing these forecasts, the average price target given by analysts for Cemtrex Inc. (CETX) is $23.00.
