Cemtrex Inc. (NASDAQ: CETX) was one of the biggest movers in the recent trading session, with the company’s stock currently changing hands at 0.64 points up or 54.24% higher on the previous close. So what do we make of this stock that is clearly one of the hottest on the market now? The CETX stock is trading at $1.82 from a close of $1.18 on 01/15/20. The day’s price range saw the stock hit a low of $1.82, while the highest price level was $2.75 during the intraday trading.
Is the CETX stock going to continue the plunge or will it steady in coming sessions to climb above its 5-day high price of $2.75. Cemtrex Inc. (NASDAQ: CETX) has a 52-week price range of between $1.11 and $8.08. Notably, the reduced performance in the current session comes on the back of condensed market activity for the stock, as its daily trading volume to 51212999, compared to its 3-months daily average volume of 477.69K. In comparison, the average volume for the last 50 days stands at 1,195,106.
What about the stock’s price forecasts? CETX had 1 analysts who offered their 12-month price predictions for the Cemtrex Inc. shares. The group has given the stock a consensus price target of $12.00, with the lowest forecast being put at $12.00. The highest estimate by the 1 analysts is $12.00. The median price target estimate of $12.00 for the stock represents a 84.83% jump in value from the previous price of $1.82. Looking at the 52-week price ranges, the stock’s current price level is 64.71% from its 52-week high price and -77.48% down from its 52-week low in the same period.
Cemtrex Inc. shares have surged 58.26% over the past week, but its 1-month performance is in the green at 44.62%. Its performance in the current quarter is up 40.00%, while that figure shoots to -12.50% over the past half-year period. Further, we see that the stock’s 12-month charts show that it has lost by -71.20%, with the year-to-date prices up by 40.00%.
The company has a market cap of 7.35 million and a return on assets (ROA) of -22.60%. In gauging how profitable company analysts and investors look at the respective company’s ROA, with returns above 5% generally regarded as good. Also important is the company’s return on equity (ROE), with CETX’s at -48.50% indicating that the management is able to generate impressive income with whatever equity at their disposal. If you put your money on this stock, then a forecast ROI is at -15.30%.
But what do Wall Street analysts tracking this stock recommend, given that it has 4.04 million shares outstanding? 1 analysts polled have a consensus recommendation rating of 0.00, indicating that CETX is a Buy stock at the moment. Of the 1 analysts, 0 analysts rate the CETX stock as Overweight, while 0 of them rated it as a Hold. 1 analysts rate Cemtrex Inc. as a Buy, while 0 suggested its Underweight. Only 0 analyst advised investors to sell.
Let’s glean at the company’s earnings forecasts for the current quarter and annual growth estimate for the next 5-year period. The analyst forecasts for this stock’s earnings per share (EPS) for the current quarter (Sep 2019) ranged from a low of $0 per share to $0 per share. The average estimate by the 0 analysts for the CETX shares was $0 a share, while the company’s last-quarter results returned an EPS of -$1.84. Looking at the current EPS trends, seven days ago, CETX had its Sep 2019 estimates at -$0.48 per share while the stock’s EPS was forecasted at the -$0.48, a month ago.
Let’s briefly check out revenue growth estimates for the company, which is put at 72.40% in the current quarter. However, the next quarter should see net revenue growth of over 83.50%, with analysts forecasting the company’s 12-month growth estimates at 31.50%. 1 analysts have forecast that Cemtrex Inc. will see its revenue growth net between $31 million and $31 million for the current quarter. The next quarter should see revenue returns of between $31.72 million and $31.72 million.The average revenue for the quarter is expected at $31 million, while for the next quarter, it jumps to $31.72 million. Sales growth for the year are estimated at 31.50%.