CETX Stock: 7 Things to Know About Cemtrex as Shares Skyrocket 100%+ Today

Shares of Cemtrex (NASDAQ:CETX) stock are soaring on Wednesday despite there being no company news to speak of to start the day.

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However, according to TipRanks, Alliance Global Partners analyst Brian Kinstlinger recently provided an update on his outlook for CETX stock. This includes a price target of $2.75 and maintaining his “Buy” rating on the shares.

Additionally, as a less known company, people likely don’t know much about Cemtrex. That said, here is what potential investors need to know:

  • Cemtrex is a diversified technology company that provides techonology tools and equipment for large industries.
  • The firm has five separate sections within the company as a whole.
  • This includes its advanced technologies, virtual and augmented realities, software and security businesses.
  • One of the firm’s flagship creations is the SmartDesk.
  • That product is a large digital workstation with a multitude of included features.
  • These range from three monitors, a document scanner, wireless charging for your other devices and even the ability to make it a sitting or standing desk.

CETX stock was up nearly 150% at one point on Wednesday, and is now 85% higher.

On the date of publication, Nick Clarkson did not have (either directly or indirectly) any positions in the securities mentioned in this article. 

Nick Clarkson is a web editor at InvestorPlace.

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