StockWireNews

New NASDAQ Tech Stock Profile (CETX) Could Be Monday's Breakout Runner, Here's Why

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

February 21st

Good Afternoon,

I've found a new NASDAQ stock profile that you need to be aware of going into next week, 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 Monday, 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 - 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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#2. 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 current trading levels on Friday, February 21st, CETX is looking at potential upside of over 700% to that level.

Yes, you read that correctly.

#3. 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:

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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#4. 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

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:

https://www.cemtrex.com/

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

Sincerely,

Kai Parker

StockWireNews

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