Cemtrex Inc. (NASDAQ: CETX) on Friday, plunged -5.95% from the previous trading day, before settling in for the closing price of $0.15. Within the past 52 weeks, CETX’s price has moved between $0.14 and $7.42.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Technology sector company grew by 23.92% over the past five years. With a float of $17.37 million, this company’s outstanding shares have now reached $17.44 million.
Let’s look at the performance matrix of the company that is accounted for 333 employees. In terms of profitability, gross margin is 39.95%, operating margin of -7.61%, and the pretax margin is -19.89%.
Cemtrex Inc. (CETX) Insider and Institutional Ownership
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Cemtrex Inc. is 0.40%, while institutional ownership is 18.97%. The most recent insider transaction that took place on Aug 30 ’23, was worth 14,380. In this transaction CEO of this company bought 15,100 shares at a rate of $0.95, taking the stock ownership to the 132,298 shares. Before that another transaction happened on Aug 25 ’23, when Company’s CFO bought 7,100 for $0.91, making the entire transaction worth $6,461. This insider now owns 116,486 shares in total.
Cemtrex Inc. (CETX) Latest Financial update
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported -0.73 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.11) by -0.62. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
Cemtrex Inc. (NASDAQ: CETX) Trading Performance Indicators
Cemtrex Inc. (CETX) is currently performing well based on its current performance indicators. A quick ratio of 1.34 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.96
Technical Analysis of Cemtrex Inc. (CETX)
Cemtrex Inc. (NASDAQ: CETX) saw its 5-day average volume 0.54 million, a negative change from its year-to-date volume of 1.09 million. As of the previous 9 days, the stock’s Stochastic%D was 38.24%. Additionally, its Average True Range was 0.02.
During the past 100 days, Cemtrex Inc.’s (CETX) raw stochastic average was set at 0.13%, which indicates a significant decrease from 7.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.06% in the past 14 days, which was lower than the 243.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2194, while its 200-day Moving Average is $2.7226. Nevertheless, the first resistance level for the watch stands at $0.1599 in the near term. At $0.1744, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.1844. If the price goes on to break the first support level at $0.1354, it is likely to go to the next support level at $0.1254. The third support level lies at $0.1109 if the price breaches the second support level.
Cemtrex Inc. (NASDAQ: CETX) Key Stats
Market capitalization of the company is 2.53 million based on 10,652K outstanding shares. Right now, sales total 59,370 K and income totals -9,200 K. The company made 17,160 K in profit during its latest quarter, and -1,470 K in sales during its previous quarter.
