CETX Stock Summary and Trading Ideas (Cemtrex | NASDAQ:CETX)

Cemtrex Inc is a multi-industry technology company. It has expanded in a range of sectors, including smart technologies, virtual and augmented realities, industrial solutions, and intelligent security system. The company's operating segment includes the Security segment, Industrial Services segment and the Corporate segment. It generates maximum revenue from the Security segment. It geographically operates in USA, UK and India wherein maximum revenue is generated in USA.

Cemtrex trades on the NASDAQ stock market under the symbol CETX.

As of April 24, 2024, CETX stock price declined to $2.16 with 137,480 million shares trading.

CETX has a beta of 1.07, meaning it tends to be more sensitive to market movements. CETX has a correlation of 0.03 to the broad based SPY ETF.

CETX has a market cap of $2.28 million. This is considered a Sub-Micro Cap stock.

Last quarter Cemtrex reported $17 million in Revenue and -$1.15 earnings per share. This beat revenue expectation by $1 million and missed earnings estimates by -$.29.

In the last 3 years, CETX stock traded as high as $89.58 and as low as $2.00.

The top ETF exchange traded funds that CETX belongs to (by Net Assets): VXF.

CETX has underperformed the market in the last year with a price return of -76.6% while the SPY ETF gained +24.1%. CETX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -38.5% and -33.3%, respectively, while the SPY returned +4.5% and -1.7%, respectively.

CETX support price is $2.29 and resistance is $2.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CETX stock will trade within this expected range on the day.