Cemtrex, Inc. (NASDAQ:CETX) recovered 70.1% of its value since hitting low of $1.4. The recent move of 10.7% gain helped the stock to close at $2.38 when trading ended on 7/11/2019. At a recent session, the prices were hovering between $2.27 and $3.2. This company shares are 404.2% off its target price of $12 and the current market capitalization stands at $6M. The recent change has given its price a -0.4% deficit over SMA 50 and -88.24% deficit over its 52-week high. The stock witnessed 35.23% gains, -36.7% declines and -58.63% 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 15.16% and during a month it has been found around 27.35%.Cemtrex, Inc. 13F Filings
At the end of March reporting period, 4 institutional holders increased their position in Cemtrex, Inc. (NASDAQ:CETX) by some 16,176 shares, 8 decreased positions by 21,680 and 3 held positions by 42,277. That puts total institutional holdings at 80,133 shares, according to SEC filings. The stock grabbed 2 new institutional investments totaling 1,370 shares while 4 institutional investors sold out their entire positions totaling 19,397 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 2,000 shares of Cemtrex, Inc. (CETX) in the trading session dated Aug. 22, 2018. These shares are worth $20,160 and were traded at $10.08 each. The SEC filing shows that GOVIL SAAGAR performed a purchase of 633 shares. The Chairman, CEO and President added these shares by way of transaction on Aug. 17, 2017. The company’s shares were assimilated at $16.86 per share worth to an investment of some $10,678 to the account of GOVIL SAAGAR.
VP of Finance /CFO, Rama Renato Dela, sold 417 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 $22.38, raking in a sum of $9,325. After this sale, 7,389 common shares of CETX are directly owned by the insider, with total stake valued at $17,586.
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 1,347 shares at an average price of $19.26, amounting to approximately $25,950. The insider now directly owns 224,329 shares worth $533,903.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].