Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Cemtrex Inc.’s current trading price is -99.89% away from its 52-week high, while its distance from the 52-week low is -4.88%. The stock’s price range during this period has varied between $0.43 and $389.40. The company, active in the Technology sector, saw a trading volume of around 19.35 million for the day, considerably higher average daily volume of 1.47 million observed over the last three months.
Cemtrex Inc.’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $389.40 on 12/22/23, and the lowest price during the same period was recorded at $0.43 on 10/14/24.
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How Financial Performance Impacts Market Capitalization
Cemtrex Inc. (CETX) has experienced a quarterly decline of -97.22% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 0.12M and boasts a workforce of 333 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 11.6172, with a change in price of -22.5470. Similarly, Cemtrex Inc. recorded 1,166,648 in trading volume during the last 100 days, posting a change of -98.22%.
How CETX’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CETX stands at 445.60. Similarly, the long-term debt-to-equity ratio is also 362.20.
CETX Stock Stochastic Average
As of today, the raw stochastic average of Cemtrex Inc. over the past 50 days is 0.15%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 0.15%. Additionally, the Stochastic %K and %D values for the company were 0.12% and 0.16%, respectively, over the past 20 days.
CETX Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price loss of -99.86% this year. Over the last six months, there has been a stronger performance of -99.79%. The price of CETX leaped by -95.27% during the last 30 days period. For the last 5-days stocks have slided -70.15%.
