Cemtrex Inc (NASDAQ: CETX): Retirees Don’t Worry About Volatility

Cemtrex Inc (NASDAQ:CETX) currently has a daily average trading volume of 505.62K but it saw 151978 shares traded in last market. With a market cap of 5.47M USD, the company’s current market price of $3.17 came falling about -4.23 while comparing to the previous closing price of $3.31. In past 52 weeks, the stock remained buoying in the range of price level as high as $12096.00 and as low as $2.71. In the recent trading on the day, stock has struck highest price mark of $3.0 while lowest mark touched by it was $3.26.

Taking a look at 20-day trading activity of Cemtrex Inc (CETX) gives us an average price of $3.14, while its current price level is -99.97% below from 52-week high level whereas it is 16.97% 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 $4.89 while that of 200 days or SMA-200 reads an average of $1,123.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.79% during that period while stretching the period over a month that increases to 11.80%. 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 26.27 which implies that the stock is in oversold territory.

Over the week, CETX’s stock price is moving 9.69% up while it is -5.09% when we observe its performance for the past one month. Year-to-date it is 9.69% up and over the past year, the stock is showing a downside performance of -99.97%.

Company’s return on investment (ROI) stands at -38.13% and return on equity (ROE) at -117.32%. Stock’s beta reads 1.74. Stock has a price to book (P/B) ratio of 0.01 while price to sale or P/S ratio amounts to 0.08. Its return on asset (ROA) is -15.71% on average.