Yorkville Advisors LLC recently announced the acquisition of new stake in Cemtrex Inc. (NASDAQ:CETX). The institutional investor has increased its shareholding in the Industrials company by 136.23% to 0.5 million shares with purchase of 0.29 million shares. This fresh investment now brings its stake to 3.03% valued currently at $0.69 million. In addition, Two Sigma Securities LLC raised its holdings by 48228.0 to 48228.0 shares.
With over 1.75 million Cemtrex Inc. (CETX) shares trading Monday and a closing price of $1.33 on the day, the dollar volume was approximately $2.33 million. The shares have shown a positive weekly performance of 9.02% and its price on 08/31/20 gained nearly 6.40%. Currently, there are 16.74M common shares owned by the public and among those 14.89M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for CETX have a consensus price objective of $12.00. The analysts have set the share’s price value over the next 12 months at a high of $12.00 and a low of $12.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Cemtrex Inc. stock is 1.00 for the next 12 months. But an upside of 88.92% will see the stock hit the forecast high price target while mean target price for the stock is $12.00.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Cemtrex Inc. are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and USAA Extended Market Index Fund. Vanguard Extended Market Index Fu owns 22059.0 shares of the company’s stock, all valued at over $30221.0. USAA Extended Market Index Fund bought 1452.0 shares to bring its total holdings to over 2485.0 shares at a value of $3404.0. USAA Extended Market Index Fund now owns shares totaling to 0.02% of the shares outstanding.
Shares of Cemtrex Inc. (NASDAQ: CETX) opened at $1.28, up $0.03 from a prior closing price of $1.25. However, the script later closed the day at $1.33, up 6.40%. The company’s stock has a 5-day price change of 9.02% and -26.11% over the past three months. CETX shares are trading 2.31% year to date (YTD), with the 12-month market performance down to -15.82% lower. It has a 12-month low price of $0.60 and touched a high of $3.75 over the same period. Currently, 1.75 million shares have been traded, compared to an average intraday trading volume of 6.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.10%, -10.83%, and 2.95% respectively.
Institutional ownership of Cemtrex Inc. (NASDAQ: CETX) shares accounts for 8.50% of the company’s 16.74M shares outstanding. Mutual fund holders own 0.18%, while other institutional holders and individual stakeholders account for 3.80% and — respectively.
It has a market capitalization of $22.98M and a beta (3y monthly) value of 1.63. The earnings-per-share (ttm) stands at -$3.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.38% over the week and 8.03% over the month.
Analysts forecast that Cemtrex Inc. (CETX) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2020. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$5.44 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Cemtrex Inc. (CETX) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CETX, a number of firms have released research notes about the stock. Taglich Brothers stated their Neutral rating for the stock in a research note on March 01, 2017, with the firm’s price target at.