Cemtrex, Inc. (NASDAQ:CETX) has made a 11.51% comeback from a 12-month low price of $0.22. It was seen 5.2% higher, changing the price to $0.25, when the closing bell rang on 5/23/2019. At a recent session, the prices were hovering between $0.2197 and $0.275. This company shares are 500% off its target price of $1.5 and the current market capitalization stands at $4.05M. The recent change has given its price a -41.95% deficit over SMA 50 and -90.32% deficit over its 52-week high. The stock witnessed -27.39% declines, -65% declines and -77.1% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CETX’s volatility during a week at 24.63% and during a month it has been found around 15.88%.Cemtrex, Inc. 13F Filings
At the end of March reporting period, 4 institutional holders increased their position in Cemtrex, Inc. (NASDAQ:CETX) by some 129,411 shares, 8 decreased positions by 173,446 and 3 held positions by 338,205. That puts total institutional holdings at 641,062 shares, according to SEC filings. The stock grabbed 2 new institutional investments totaling 10,959 shares while 4 institutional investors sold out their entire positions totaling 155,181 shares.
Multiple company employees have indulged in significant insider trading. Cemtrex, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman, CEO and President, 10% Owner GOVIL SAAGAR has acquired 12,000 shares of Cemtrex, Inc. (CETX) in the trading session dated Aug. 22, 2018. These shares are worth $20,160 and were traded at $1.68 each. The SEC filing shows that GOVIL SAAGAR performed a purchase of 3,800 shares. The Chairman, CEO and President added these shares by way of transaction on Aug. 17, 2017. The company’s shares were assimilated at $2.81 per share worth to an investment of some $10,678 to the account of GOVIL SAAGAR.
VP of Finance /CFO, Rama Renato Dela, sold 2,500 common shares of Cemtrex, Inc. (CETX) in the open market. In a transaction dated May. 17, 2017, the shares were put up for sale at an average price of $3.73, raking in a sum of $9,325. After this sale, 44,334 common shares of CETX are directly owned by the insider, with total stake valued at $11,084.
In the transaction dated Feb. 28, 2017, a great number of shares acquired came courtesy the Chairman, CEO and President; GOVIL SAAGAR added a total of 8,084 shares at an average price of $3.21, amounting to approximately $25,950. The insider now directly owns 1,345,972 shares worth $336,493.Cemtrex, Inc. (CETX) Analyst Guide
Not many analysts have released their opinion on Cemtrex, Inc. (NASDAQ:CETX), with 0 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].