I've found a new NASDAQ stock profile that you need to be aware of going into the opening bell, because I think it's gaining steam and could

StockWireNews

New NASDAQ Tech Stock Profile (CETX) Could Be Today's Breakout Runner - Major News Released Friday

Low Float Of Approx. 3.18Mn Shares - $12 Analyst Target

February 24th

Good Morning,

I've found a new NASDAQ stock profile that you need to be aware of going into the opening bell, because I think it's gaining steam and could be ready to run big-time.

In fact, due to a few potential catalysts, this stock displays staggering upside potential that it could unlock in the short-term.

Your new stock profile for today, February 24th is:

> Cemtrex, Inc. (CETX) <

Cemtrex, Inc. is the manufacturer of the SmartDesk, the world’s most advanced workstation. Cemtrex is a diversified technology company that is driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions, and intelligent security systems.

At this very moment, there are a handful of potential catalysts that could set this stock ablaze for a major run. Here they are...

#1 CETX Potential Catalyst - Friday's News Release

Released at 4:30PM EST on Friday, this news got the stock trading significantly higher in after-market hours. Check it out:

Cemtrex Announces 500% Increase in New Orders for Development of VR and AR Applications in Quarter-to-Date

Brooklyn, NY, Feb. 21, 2020 (GLOBE NEWSWIRE) -- - Cemtrex (Nasdaq: CETX, CETXP, CETXW) announced today that it has received over $300,000 in new orders for the development of virtual reality (VR) and augmented reality (AR) applications, representing a 500% increase in the current quarter to date from the prior year. The orders were from 3 different customers and the Company expects to execute these orders over the next five months.

The Company expects to close an additional $300K in new orders for virtual and augmented reality application development in the current quarter with multiple new customers based on the current sales pipeline for a total of $600K in FY Q2. The expected $600K in orders represents a 1000% percent increase in orders for VR and AR app development services compared to the same period a year ago. The Company anticipates that demand for VR and AR app development services will continue to increase in the coming quarters and will be a key source of growth for the Company.

Cemtrex is a leading developer of VR and AR applications and has won awards in the industry from Clutch. The Company has unique experience as it has successfully developed many applications already in the space for leading brands like Richemont and its subsidiaries and thus is poised to capture more business in this fast-growing market.

Chairman and CEO of Cemtrex, Saagar Govil, commented, “We are excited to see the rapid pace of demand taking shape in the VR and AR markets. A year ago, there was a lot of discussion taking place conceptually, but now a year later we are seeing companies put budget towards these efforts to realize these cutting-edge technologies. As the market continues to thrive, we believe we are in the right position to capitalize on that growth.”

Augmented and Virtual Realities are among the fastest growing business areas, which are expected to reach over $500 billion by 2025. The industries that will generate VR and AR opportunities include: industrial design, medical diagnostics, entertainment, sports, training simulations, productivity tools, social experiences, manufacturing optimization, app development, tourism, & advertising. All industries whether retail, education, social media, healthcare or manufacturing, will experience widespread disruption and innovation in their products and services by utilizing VR & AR solutions to increase their profitability in the coming decade.

#2. CETX Potential Catalyst - 114% Sales Increase Reporting

Cemtrex (CETX) Reports Operating Profit & 114% Sales Increase for the First Quarter Ended December 31, 2019

EBITDA over $900K for First Quarter, EBITDA Margin 7.4% of Revenues

BROOKLYN, N.Y., Feb. 19, 2020 (GLOBE NEWSWIRE) -- Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of consumer and commercial sectors, announced its financial results for the quarter ending December 31st, 2019 by reporting an operating income of $118K, EBITDA of $909K and an increase of 114% in sales.

First Quarter Highlights:

Sales: $12.2Mn

EBITDA: $909K

EBITDA Margin %: 7.4%

Operating Profit: $118K

Cash and Equivalents: $3.9Mn

Total Assets: $48,713,569

Total Stockholder’s Equity: $21.9Mn

First Quarter Results:

Sales: Total Revenue for the three months ended December 31, 2019 and 2018 was $12.2Mn and $5.7Mn, respectively, an increase of $6.5Mn, or 114%. Total revenue for the fiscal year increased, as compared to total revenue in the same period last year, due to increased sales in the Advanced Technology segment. Our Advanced Technologies segment revenues for the three months ended December 31, 2019, increased by $6.7Mn or 1,444% to $7.2Mn from $467K for the three months ended December 31, 2018. This increase represents mainly the Consolidation of Vicon Industries, Inc.

Read the full article here.

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#3. CETX Potential Catalyst - $12 Analyst Price Target

According to the CNN Business website, there is at least one analyst out there pinning a $12.00 price target on CETX.

From its trading levels after hours on Friday, February 21st, CETX is looking at potential upside of over 500% to that level.

Yes, you read that correctly.

#4. CETX Potential Catalyst - Bullish Chart & Technicals

Below, you'll find CETX's 1-year chart which appears to be gaining steam within the last 2 weeks.

Check it out:

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After a slight pulled back the past two days, CETX could be seen as undervalued from its current standing. I say that because it is trading above 3 potential lines of strong support:

  • 20-Day Simple Moving Average
  • 50-Day Simple Moving Average
  • 100-Day Simple Moving Average

As CETX has been gaining steam, it has left these lines in the dust in recent days and could be a sign of what's to come.

Remember, it was only a year ago 2/21/19 that CETX was trading as high as $6.24.

That high share price gives this stock over 300% potential upside from the $1.40/per share level.

I'm not saying CETX will go running to that level on Monday, but the potential upside is considerable and must be understood.

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#5. CETX Potential Catalyst - Stock's Share Structure

Like several of my recent triple-digit, short-term runners, CETX also has an extremely low float.

Yahoo Finance reports that CETX only has 3.18Mn shares in its float.

What this means is that the slightest bit of positive company news could send shares of this stock vertical quickly.

For example, when this company released info on financials back on January 14th after the market closed, the stock ran wild the following 2 days.

From a close of $1.18 on 1/14, it blazed its way to a high of $3.31 on 1/16.

That's a surge of 180% in the blink of an eye!

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More About Cemtrex, Inc. (CETX)

From the company websites:

The technology in our pockets, on the roads and in the home have changed with the times. Now so has the technology where we work. Cemtrex is spearheading the smart revolution in the workplace.

The World's Most Advanced Workstation

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Ergonomic design, ground-breaking gesture controls and seamless integration with the Microsoft suite eliminate clutter and take productivity to new heights.

The SmartDesk is the embodiment of this mission: it is the evolution of the modern workspace, designed to give us more control over what really matters while removing the clutter and distractions that disrupt our workflows.

A Brief History Of Cemtrex:

2004: Cemtrex established as industrial technology firm in Farmingdale, NY.

2007: Cemtrex listed on OTCBB.2012: Cemtrex recognized as a Fast 500 Company by Deloitte.2013: Cemtrex Acquires ROB Group, a prominent electronics manufacturing company in Europe.

2014: Cemtrex expands production capabilities in Sibiu, Romania to meet increased production requirements across Europe.

2015: Cemtrex Uplists to Nasdaq Capital Markets Exchange with New Symbol CETX. Cemtrex recognized as a Fast 500 Technology Company by Deloitte for the 2nd time. Cemtrex expands through acquisition of Advanced Industrial Services (AIS), based in York, PA.

2016: Cemtrex recognized by a Fast 500 Technology Company by Deloitte for a 3rd Time. Acquired Periscope GmbH, growing Cemtrex's electronics manufacturing footprint in Europe.

2017: Cemtrex recognized by a Fast 500 Technology Company by Deloitte for a 4th Time. Named to Crain’s New York Business Fast 50 Companies. Opened Cemtrex's Advanced Technology subsidiary, expanding into Smart Technologies.

2018: Cemtrex expands into virtual and augmented reality sectors with CemtrexVR. Cemtrex acquires stake in security & video surveillance technology company, Vicon Industries. Cemtrex launches the Cemtrex SmartDesk to massive reception.

Some Of Cemtrex's Additional Companies:

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CETX could be ready to explode. Get it on your radar for today's opening bell.

Sincerely,

Kai Parker

StockWireNews


(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)

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