Cemtrex Inc [CETX] stock prices are down -2.86% to $1.02 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CETX shares have gain 3.03% over the last week, with a monthly amount drifted -50.24%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cemtrex Inc [NASDAQ: CETX] stock has seen the most recent analyst activity on March 01, 2017, when Taglich Brothers downgraded its rating to a Neutral.
The stock price of Cemtrex Inc [CETX] has been fluctuating between $0.85 and $581.70 over the past year. Currently, Wall Street analysts expect the stock to reach $24633 within the next 12 months. Cemtrex Inc [NASDAQ: CETX] shares were valued at $1.02 at the most recent close of the market. An investor can expect a potential return of 2414900.0% based on the average CETX price forecast.
Analyzing the CETX fundamentals
The Cemtrex Inc [NASDAQ:CETX] reported sales of 73.82M for trailing twelve months, representing a surge of 58.80%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at -0.55%, Pretax Profit Margin comes in at -0.49%, and Net Profit Margin reading is -0.5%. To continue investigating profitability, this company’s Return on Assets is posted at -0.54, Equity is -10.38 and Total Capital is -1.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.9946 points at the first support level, and at 0.9692 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0508, and for the 2nd resistance point, it is at 1.0816.
Ratios To Look Out For
It’s worth pointing out that Cemtrex Inc [NASDAQ:CETX]’s Current Ratio is 1.21. Also, the Quick Ratio is 0.95, while the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 0.04, the price to book ratio is 0.28.
