Look Past The Setbacks And Give Clean Energy Technologies Inc (NASDAQ: CETY) Another Chance

Clean Energy Technologies Inc (NASDAQ:CETY) currently has a daily average trading volume of 56.24K but it saw 1142741 shares traded in last market. With a market cap of 30.23M USD, the company’s current market price of $0.67 came falling about -1.95 while comparing to the previous closing price of $0.69. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.39 and as low as $0.45. In the recent trading on the day, stock has struck highest price mark of $0.5521 while lowest mark touched by it was $0.72.

Taking a look at 20-day trading activity of Clean Energy Technologies Inc (CETY) gives us an average price of $0.7820, while its current price level is -71.88% below from 52-week high level whereas it is 49.36% 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 $0.8464 while that of 200 days or SMA-200 reads an average of $1.0781. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.35% during that period while stretching the period over a month that decreases to 12.19%. 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 37.99 which implies that the stock is in neutral territory.

Over the week, CETY’s stock price is moving -7.04% down while it is -8.18% when we observe its performance for the past one month. Year-to-date it is -55.19% down and over the past year, the stock is showing a downside performance of -57.99%.

The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Clean Energy Technologies Inc’s total number of outstanding shares is 39.15M with 59.14% of that held by the insiders while 3.88% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -182.62% and return on equity (ROE) at -161.00%. Stock’s beta reads 0.34. Stock has a price to book (P/B) ratio of 8.37 while price to sale or P/S ratio amounts to 5.64. Its return on asset (ROA) is -64.87% on average.