Cemtrex
Inc. (NASDAQ:CETX) announced the pricing of a registered direct offering of
approximately $500,000 of common stock at a price of $2.23 per share. The Company
shall issue 224,215 shares in connection with the offering upon closing. The
net proceeds from the offering will be used for sales and marketing activities
and general corporate purposes, including the repayment of indebtedness.
Advisory Group Equity Services, Ltd. doing business as RHK Capital shall act as
the Corporation’s placement agent in connection with the offering and will
receive a commission of 5% of the offering amount.
The insider ownership percentage is the key indicator,
can be used by investors, to measure the outlook of senior management has on
their company. Insider ownership for the CETX is 40.71%. Institutional
ownership refers to the ownership stake in a company that is held by large
financial organizations, pension funds or endowments. The Institutional
ownership for the CETX is 3.90%.
Insider trading is the buying or selling of any publicly traded company’s stock
and this can be done by someone who has non-public, material information about
that CETX. Insider trading can be illegal or legal depending on when the
insider makes the trade. It is illegal when the material information is still
non-public. The insider transactions of the company (6-month change in insider
ownerships) for the Cemtrex, Inc. (NASDAQ:CETX) is 0.00%.
Institutional ownership is the amount of a Cemtrex, Inc. (NASDAQ:CETX)’s
available stock owned by mutual or pension funds, insurance companies,
investment firms, private foundations, endowments or other large entities that
actually manage the funds on the behalf of others, so its an interesting
element for the traders to note it, and the Institutional ownership for the
CETX is -5.75%.
U.S traded Cemtrex, Inc. (NASDAQ:CETX) stock slumped -16.32% on Friday and when
day-trade ended the stock finally concluded at $3.18 and number of shares that
changed hands during the day are 3.32 Million. The number of shares CETX stock
currently held by all its shareholders are 2.52 and floated shares, the number
of shares are available for trading in an open market on last trading day are
1.10. The average volume of shares for 3 months is 544.20 and CETX stock value
has moved between $1.4 – 19.88 in last one year.
The Cemtrex, Inc. (NASDAQ:CETX) reported its last earnings on date 05/21/2019.
The Gross margin is the difference between the revenue and the cost of goods
sold (COGS), divided by revenue. In other words, Gross Margin is a percentage
value, while Gross Profit is a monetary value. The valuable gross margin for
Cemtrex, Inc. (NASDAQ:CETX) is 38.20% and the profit margin is -21.10% and the
stock has gained -30.77% in 2019 to date.
U.S. traded shares of Cemtrex, Inc. (NASDAQ:CETX)’s monthly stock performance
is 75.65%, the quarterly performance is -20.50%, the half year performance is
calculated as -33.97%. The yearly performance of CETX is -80.80%.
The higher the volatility, the riskier the security. For example, when the
stock market rises and falls more than one percent over a sustained period of
time, it is called a “volatile” market, if the stock price stays
relatively stable, the security has low volatility. The Cemtrex, Inc.
(NASDAQ:CETX) weekly volatility is measured as 46.36% and monthly volatility
measured as 31.83%.
Return on assets (ROA) is a main indicator of how profitable a company is
relative to its total assets. CETX return on assets is -23.80%, the return on
equity (ROE) of the Cemtrex, Inc. (NASDAQ:CETX) is -47.00%, while the most
important return on investment is calculates as a percentage and is typically
used for personal financial decisions, and CETX return on investment is
-15.30%.
The price to sales ratio is 0.10, and price to book ratio is 0.18, price to
cash per share ration is 4.71.
Analysts mean target price for Cemtrex, Inc. (NASDAQ:CETX) is $12.00 while
analysts mean recommendation is 2.00. The current share price indicates that
stock is -84.29% away from its one year high and is moving 127.27% ahead of its
52-week low. CETX’s distance from 20 day simple moving average is 27.98% and
distance from 50-Day simple moving average is 29.00%.
