Cemtrex Inc [NASDAQ: CETX] price surged by 9577431 percent to reach at $509369.0.
A sum of 9577431 shares traded at recent session while its average daily volume was at 509.37K shares. Cemtrex Inc shares reached a high of $1.438 and dropped to a low of $1.0 until finishing in the latest session at $509370.0.
The one-year CETX stock forecast points to a potential downside of -2105.06. The average equity rating for CETX stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Cemtrex Inc [CETX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CETX shares is $23100.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CETX stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Taglich Brothers have made an estimate for Cemtrex Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 01, 2017.
The Price to Book ratio for the last quarter was 0.28, with the Price to Cash per share for the same quarter was set at 1.89.
CETX Stock Performance Analysis:
Cemtrex Inc [CETX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.81. With this latest performance, CETX shares dropped by -40.06% in over the last four-week period, additionally sinking by -68.14% over the last 6 months – not to mention a drop of -65.05% in the past year of trading.
Insight into Cemtrex Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Cemtrex Inc [CETX] shares currently have an operating margin of -0.86% and a Gross Margin at 40.67%. Cemtrex Inc’s Net Margin is presently recorded at -33.88%.
Return on Equity for this stock declined to -52.85%, with Return on Assets sitting at -52.85%.
Cemtrex Inc [CETX] Institutonal Ownership Details
There are presently around $0.46%, or 0.46% of CETX stock, in the hands of institutional investors.
