Is Cemtrex Inc. (NASDAQ: CETX) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

CETX belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. The current market capitalization of Cemtrex Inc. is $3.66M. A total of 1.29 million shares were traded on the day, compared to an average of 2.35M shares.

In the most recent transaction, GOVIL SAAGAR bought 15,100 shares of CETX for 0.95 per share on Aug 30 ’23. After the transaction, the CEO now owns 132,298 company shares. In a previous transaction on Aug 25 ’23, GOVIL SAAGAR bought 7,100 shares at 0.91 per share. CETX shares that CFO owns now total 116,486.

Among the insiders who bought shares, GOVIL SAAGAR acquired of 3,000 shares on Aug 24 ’23 at a per-share price of $0.93. This resulted in the CFO holding 109,386 shares of CETX after the transaction.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CETX has a high of $8.90 and a low of $0.21.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CETX’s latest balance sheet shows that the firm has $15.44M in Cash & Short Term Investments as of fiscal 2021. There were $9.26M in debt and $19.65M in liabilities at the time. Its Book Value Per Share was $4.44, while its Total Shareholder’s Equity was $23.55M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CETX is Buy with a score of 0.00.

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