Cemtrex Inc. (NASDAQ: CETX) – Time For Strategy Change?

Cemtrex Inc. (NASDAQ:CETX) currently has a daily average trading volume of 70.52K but it saw 18453636 shares traded in last market. With a market cap of 0.32M USD, the company’s current market price of $0.31 came falling about -73.20 while comparing to the previous closing price of $1.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.45 and as low as $1.10.

Taking a look at 20-day trading activity of Cemtrex Inc. (CETX) gives us an average price of $2.7240, while its current price level is -97.33% below from 52-week high level whereas it is -72.23% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.3732 while that of 200 days or SMA-200 reads an average of $4.6124. A closer look into the stock’s movement over the week reveals that its volatility is standing at 26.82% during that period while stretching the period over a month that decreases to 14.09%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 13.69 which implies that the stock is in oversold territory.

Over the week, CETX’s stock price is moving -85.86% down while it is -92.26% when we observe its performance for the past one month. Year-to-date it is -93.90% down and over the past year, the stock is showing a downside performance of -96.94%.

Currently, Cemtrex Inc.’s total number of outstanding shares is 1.05M. Company’s return on investment (ROI) stands at -27.62% and return on equity (ROE) at -60.85%. Stock’s beta reads 2.36. Stock has a price to book (P/B) ratio of 0.05 while price to sale or P/S ratio amounts to 0.01. Its return on asset (ROA) is -10.53% on average.