Stock Surge: Cemtrex Inc. (CETX) Closes at 0.23, Marking a -6.84 Increase/Decrease

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In the latest session, Cemtrex Inc. (NASDAQ: CETX) closed at $0.23 down -6.84% from its previous closing price of $0.25. In other words, the price has decreased by -$6.84 from its previous closing price. On the day, 1.44 million shares were traded. CETX stock price reached its highest trading level at $0.2456 during the session, while it also had its lowest trading level at $0.225.

Ratios:

For a deeper understanding of Cemtrex Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.56. In the meantime, Its Debt-to-Equity ratio is 6.13 whereas as Long-Term Debt/Eq ratio is at 4.91.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 30 ’23 when GOVIL SAAGAR bought 15,100 shares for $0.95 per share. The transaction valued at 14,380 led to the insider holds 132,298 shares of the business.

GOVIL SAAGAR bought 7,100 shares of CETX for $6,461 on Aug 25 ’23. The CFO now owns 116,486 shares after completing the transaction at $0.91 per share. On Aug 24 ’23, another insider, GOVIL SAAGAR, who serves as the CFO of the company, bought 3,000 shares for $0.93 each. As a result, the insider paid 2,789 and bolstered with 109,386 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CETX now has a Market Capitalization of 2480920 and an Enterprise Value of 28540676. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.04 while its Price-to-Book (P/B) ratio in mrq is 0.05. Its current Enterprise Value per Revenue stands at 0.437 whereas that against EBITDA is -58.898.

Stock Price History:

Over the past 52 weeks, CETX has reached a high of $8.90, while it has fallen to a 52-week low of $0.22. The 50-Day Moving Average of the stock is -77.23%, while the 200-Day Moving Average is calculated to be -93.62%.

Shares Statistics:

For the past three months, CETX has traded an average of 2.23M shares per day and 1243790 over the past ten days. A total of 10.65M shares are outstanding, with a floating share count of 10.58M. Insiders hold about 0.63% of the company’s shares, while institutions hold 3.55% stake in the company. Shares short for CETX as of 1715731200 were 95622 with a Short Ratio of 1.01, compared to 1713139200 on 13967. Therefore, it implies a Short% of Shares Outstanding of 95622 and a Short% of Float of 1.23000005.

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