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
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:
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.
#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: