Cemtrex (CETX) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cemtrex in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CETX shares.
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1 brokers have issued 1 year price targets for Cemtrex's shares. Their CETX share price forecasts range from $23.00 to $23.00. On average, they expect the company's share price to reach $23.00 in the next twelve months. This suggests a possible upside of 147.3% from the stock's current price.
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Cemtrex's stock was trading at $4.3295 at the beginning of 2023. Since then, CETX shares have increased by 114.8% and is now trading at $9.3001.
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Cemtrex saw a increase in short interest in May. As of May 15th, there was short interest totaling 20,300 shares, an increase of 407.5% from the April 30th total of 4,000 shares. Based on an average daily trading volume, of 26,500 shares, the short-interest ratio is currently 0.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
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Cemtrex, Inc. (NASDAQ:CETX) issued its earnings results on Thursday, May, 11th. The industrial products company reported ($0.75) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by $0.67. The industrial products company had revenue of $16.07 million for the quarter, compared to the consensus estimate of $13.88 million. Cemtrex had a negative net margin of 19.47% and a negative trailing twelve-month return on equity of 60.42%.

Cemtrex shares reverse split on Monday, January 23rd 2023. The 1-35 reverse split was announced on Monday, January 23rd 2023. The number of shares owned by shareholders was adjusted after the market closes on Monday, January 23rd 2023. An investor that had 100 shares of stock prior to the reverse split would have 3 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cemtrex investors own include Buckeye Partners (BPL), Nokia Oyj (NOK), Vaxart (VXRT), Aethlon Medical (AEMD), Inpixon (INPX), VBI Vaccines (VBIV), Co-Diagnostics (CODX), Digital Ally (DGLY), Biocept (BIOC) and OpGen (OPGN).

Cemtrex trades on the NASDAQ under the ticker symbol "CETX."

Shares of CETX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CETX stock can currently be purchased for approximately $9.30.

Cemtrex (NASDAQ:CETX) has a market capitalization of $8.28 million and generates $50.28 million in revenue each year. The industrial products company earns $-13,020,000.00 in net income (profit) each year or ($13.8652) on an earnings per share basis.

The company employs 344 workers across the globe.

Cemtrex's mailing address is 276 GREENPOINT AVE. BLD 8 SUITE 208, BROOKLYN NY, 11222. The official website for the company is www.cemtrex.com. The industrial products company can be reached via phone at (631) 756-9116, via email at investors@cemtrex.com, or via fax at 631-420-4985.